John Bean Technologies Corp. (NYSE:JBT) hit a new 52-week high during mid-day 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.

JBT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of John Bean Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, July 29th. BB&T Corp. started coverage on shares of John Bean Technologies Corp. in a report on Friday, June 17th. They issued a “buy” rating and a $75.00 price target on the stock.

The company has a market cap of $2.07 billion and a PE ratio of 36.85. The firm’s 50-day moving average is $67.34 and its 200-day moving average is $59.64.

John Bean Technologies Corp. (NYSE:JBT) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.11. During the same period last year, the firm posted $0.48 earnings per share. The company 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. Equities analysts anticipate that John Bean Technologies Corp. will post $2.33 earnings per share for the current year.

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

In other news, EVP Steven R. Smith sold 3,000 shares of John Bean Technologies Corp. stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $66.50, for a total transaction of $199,500.00. Following the completion of the transaction, the executive vice president now directly owns 64,448 shares in the company, valued at $4,285,792. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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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