John Bean Technologies Corp. (NYSE:JBT) reached a new 52-week high during trading on Friday . The company traded as high as $70.94 and last traded at $70.61, with a volume of 60,175 shares changing hands. The stock had previously closed at $69.06.

A number of equities research analysts recently commented on JBT shares. BB&T Corp. started coverage on John Bean Technologies Corp. in a report on Friday, June 17th. They issued a “buy” rating and a $75.00 price objective for the company. Zacks Investment Research upgraded John Bean Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, July 29th.

The firm has a market capitalization of $2.07 billion and a P/E ratio of 36.85. The stock has a 50 day moving average of $67.42 and a 200 day moving average of $59.64.

John Bean Technologies Corp. (NYSE:JBT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. During the same quarter in the previous year, the business posted $0.48 EPS. The business earned $328.80 million during the quarter, compared to the consensus estimate of $304.19 million. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. Analysts predict that John Bean Technologies Corp. will post $2.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be paid a $0.10 dividend. This is an increase from John Bean Technologies Corp.’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, August 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.56%.

In other news, EVP Steven R. Smith sold 3,000 shares of John Bean Technologies Corp. stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $66.50, for a total value of $199,500.00. Following the transaction, the executive vice president now owns 64,448 shares in the company, valued at approximately $4,285,792. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food processing and air transportation industries. The Company designs, manufactures, tests and services technological systems and products. It operates through two segments. The JBT FoodTech segment designs, manufactures services and food processing systems used for fruit juice production, frozen food production, in-container food production and convenience food preparation, among others by the food industry.

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