Kimelman & Baird LLC Makes New $85,000 Investment in John Bean Technologies Co. (NYSE:JBT)

Kimelman & Baird LLC bought a new stake in John Bean Technologies Co. (NYSE:JBT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 900 shares of the industrial products company’s stock, valued at approximately $85,000.

A number of other institutional investors have also modified their holdings of the stock. UMB Bank n.a. increased its stake in John Bean Technologies by 162.1% in the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after buying an additional 154 shares during the period. CWM LLC boosted its holdings in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 172 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of John Bean Technologies during the first quarter worth about $61,000. Innealta Capital LLC purchased a new position in John Bean Technologies during the second quarter worth about $73,000. Finally, Benjamin Edwards Inc. acquired a new stake in John Bean Technologies in the second quarter valued at about $188,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

NYSE JBT opened at $98.43 on Tuesday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 5.25, a PEG ratio of 1.29 and a beta of 1.24. The business’s 50 day moving average is $91.47 and its two-hundred day moving average is $93.97. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $109.91. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. During the same period in the prior year, the company earned $0.97 EPS. The company’s revenue was down 5.9% on a year-over-year basis. Research analysts expect that John Bean Technologies Co. will post 5.18 EPS for the current year.

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s dividend payout ratio (DPR) is 2.13%.

John Bean Technologies Company Profile

John Bean Technologies 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.