John Bean Technologies Corp (JBT) to Issue Quarterly Dividend of $0.10 on December 30th

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John Bean Technologies Corp (NYSE:JBT) announced a quarterly dividend on Friday, December 6th, Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.10 per share by the industrial products company on Monday, December 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, December 13th.

Shares of John Bean Technologies stock opened at $108.76 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.53 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $107.76 and a 200 day simple moving average of $108.82. John Bean Technologies has a fifty-two week low of $66.28 and a fifty-two week high of $127.97. The firm has a market cap of $3.51 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.43 and a beta of 1.47.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Monday, October 28th. The industrial products company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.20. The firm had revenue of $489.40 million for the quarter, compared to analyst estimates of $508.28 million. John Bean Technologies had a return on equity of 33.52% and a net margin of 6.70%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. On average, sell-side analysts expect that John Bean Technologies will post 4.86 EPS for the current year.

JBT has been the topic of several research reports. ValuEngine lowered John Bean Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on John Bean Technologies from $90.00 to $96.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $109.00.

In other John Bean Technologies news, Director Caroline Maury Devine sold 300 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $109.19, for a total value of $32,757.00. Following the sale, the director now directly owns 49,946 shares in the company, valued at $5,453,603.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP James L. Marvin sold 1,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $100.12, for a total transaction of $150,180.00. Following the completion of the sale, the executive vice president now owns 18,313 shares in the company, valued at $1,833,497.56. The disclosure for this sale can be found here. Corporate insiders own 2.23% of the company’s stock.

John Bean Technologies Company Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

Further Reading: Leveraged Buyout (LBO) Explained

Dividend History for John Bean Technologies (NYSE:JBT)

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