Brown Wealth Management LLC Sells 3,999 Shares of JBT Marel Corporation $JBTM

Brown Wealth Management LLC cut its holdings in JBT Marel Corporation (NYSE:JBTM) by 24.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,523 shares of the company’s stock after selling 3,999 shares during the period. Brown Wealth Management LLC’s holdings in JBT Marel were worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Park Avenue Securities LLC boosted its holdings in JBT Marel by 1.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,576 shares of the company’s stock worth $991,000 after buying an additional 66 shares during the period. Group One Trading LLC boosted its holdings in JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the period. CI Investments Inc. boosted its holdings in JBT Marel by 69.2% in the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the period. Smartleaf Asset Management LLC boosted its holdings in JBT Marel by 15.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 741 shares of the company’s stock worth $102,000 after buying an additional 99 shares during the period. Finally, US Bancorp DE boosted its holdings in JBT Marel by 1.8% in the 3rd quarter. US Bancorp DE now owns 5,993 shares of the company’s stock worth $842,000 after buying an additional 104 shares during the period. 98.92% of the stock is owned by institutional investors.

JBT Marel Stock Down 1.2%

Shares of NYSE:JBTM opened at $125.31 on Wednesday. The firm has a fifty day moving average price of $130.09 and a two-hundred day moving average price of $143.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. JBT Marel Corporation has a one year low of $111.07 and a one year high of $170.19. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.34 and a beta of 0.92.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The firm had revenue of $936.00 million during the quarter. During the same period in the previous year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Analysts anticipate that JBT Marel Corporation will post 8.24 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, JBT Marel presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.50.

Insider Buying and Selling at JBT Marel

In other news, CEO Brian A. Deck sold 8,634 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $150.51, for a total transaction of $1,299,503.34. Following the sale, the chief executive officer owned 127,667 shares in the company, valued at approximately $19,215,160.17. This trade represents a 6.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.