Caroline Maury Devine Sells 300 Shares of John Bean Technologies Co. (NYSE:JBT) Stock

John Bean Technologies Co. (NYSE:JBTGet Rating) Director Caroline Maury Devine sold 300 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $89.78, for a total value of $26,934.00. Following the transaction, the director now owns 47,049 shares in the company, valued at $4,224,059.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Caroline Maury Devine also recently made the following trade(s):

  • On Thursday, August 18th, Caroline Maury Devine sold 300 shares of John Bean Technologies stock. The stock was sold at an average price of $118.96, for a total transaction of $35,688.00.
  • On Monday, July 18th, Caroline Maury Devine sold 300 shares of John Bean Technologies stock. The stock was sold at an average price of $107.71, for a total transaction of $32,313.00.

John Bean Technologies Stock Performance

Shares of JBT opened at $86.02 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.74 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.23 and a beta of 1.40. The business’s 50 day moving average price is $107.95 and its 200-day moving average price is $111.89. John Bean Technologies Co. has a 52 week low of $85.97 and a 52 week high of $177.56.

John Bean Technologies (NYSE:JBTGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). John Bean Technologies had a net margin of 6.04% and a return on equity of 16.69%. The business had revenue of $542.30 million for the quarter, compared to the consensus estimate of $552.27 million. During the same period in the previous year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that John Bean Technologies Co. will post 4.94 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. John Bean Technologies’s dividend payout ratio is currently 10.70%.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price target on John Bean Technologies from $140.00 to $128.00 in a report on Thursday, July 28th.

Institutional Investors Weigh In On John Bean Technologies

Several hedge funds and other institutional investors have recently modified their holdings of JBT. Brown Advisory Inc. grew its holdings in John Bean Technologies by 41.9% during the second quarter. Brown Advisory Inc. now owns 637,948 shares of the industrial products company’s stock valued at $70,442,000 after purchasing an additional 188,308 shares during the period. Captrust Financial Advisors increased its holdings in John Bean Technologies by 18.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,435 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 227 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in John Bean Technologies during the 2nd quarter worth approximately $652,000. Goldman Sachs Group Inc. lifted its holdings in John Bean Technologies by 100.6% during the second quarter. Goldman Sachs Group Inc. now owns 130,222 shares of the industrial products company’s stock valued at $14,379,000 after purchasing an additional 65,312 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its position in shares of John Bean Technologies by 2.6% in the second quarter. Nomura Holdings Inc. now owns 99,024 shares of the industrial products company’s stock worth $10,988,000 after purchasing an additional 2,487 shares during the period.

About John Bean Technologies

(Get Rating)

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.

Featured Articles

Insider Buying and Selling by Quarter for John Bean Technologies (NYSE:JBT)

Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.