Shares of JBT Marel Corporation (NYSE:JBTM – Get Free Report) have earned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $168.50.
A number of brokerages have recently commented on JBTM. Wall Street Zen lowered shares of JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Oppenheimer started coverage on shares of JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. KeyCorp assumed coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research note on Thursday, May 21st.
Check Out Our Latest Stock Analysis on JBTM
JBT Marel Stock Down 0.2%
JBT Marel (NYSE:JBTM – Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.07). The firm had revenue of $981.00 million during the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, sell-side analysts expect that JBT Marel will post 8.04 EPS for the current fiscal year.
JBT Marel Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 17th. JBT Marel’s dividend payout ratio is presently 10.90%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC purchased a new position in shares of JBT Marel during the 2nd quarter valued at $3,953,000. Bank of America Corp DE increased its holdings in JBT Marel by 2.3% in the 1st quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock worth $59,682,000 after acquiring an additional 10,714 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in JBT Marel by 9,103.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock valued at $3,522,000 after acquiring an additional 23,122 shares during the period. Bessemer Group Inc. lifted its holdings in JBT Marel by 127.3% during the fourth quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock valued at $58,275,000 after purchasing an additional 216,602 shares during the last quarter. Finally, Gildi lifeyrissjodur purchased a new stake in JBT Marel during the fourth quarter valued at about $170,862,000. 98.92% of the stock is currently owned by institutional investors.
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.
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