JBT Marel Corporation $JBTM Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in JBT Marel Corporation (NYSE:JBTM) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,407 shares of the company’s stock after purchasing an additional 5,219 shares during the period. Principal Financial Group Inc. owned about 0.49% of JBT Marel worth $32,531,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of JBT Marel during the fourth quarter worth approximately $25,000. Group One Trading LLC boosted its stake in shares of JBT Marel by 49.3% during the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 72 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel during the 2nd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of JBT Marel during the 2nd quarter valued at $29,000. Finally, UMB Bank n.a. grew its holdings in shares of JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock valued at $38,000 after acquiring an additional 65 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Trading Up 0.2%

Shares of NYSE:JBTM opened at $134.29 on Monday. The stock has a market capitalization of $6.99 billion, a PE ratio of 41.97, a P/E/G ratio of 1.41 and a beta of 0.94. JBT Marel Corporation has a 1 year low of $113.67 and a 1 year high of $170.19. The firm has a fifty day moving average price of $132.81 and a 200 day moving average price of $140.97. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The company had revenue of $936.00 million for the quarter. During the same quarter last year, the business earned $0.97 earnings per share. JBT Marel’s quarterly revenue 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 expect that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is currently 12.50%.

Analysts Set New Price Targets

Several analysts recently issued reports on JBTM shares. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Seaport Research Partners set a $165.00 target price on JBT Marel in a research report on Thursday, May 21st. Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Oppenheimer initiated coverage on JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

JBT Marel Company Profile

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.