JBT Marel Corporation to Issue Quarterly Dividend of $0.10 (NYSE:JBTM)

JBT Marel Corporation (NYSE:JBTM) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 17th will be given a dividend of 0.10 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 17th.

JBT Marel Trading Up 0.1%

Shares of NYSE JBTM opened at $122.08 on Friday. The business’s 50 day moving average is $134.44 and its two-hundred day moving average is $139.04. The stock has a market capitalization of $6.36 billion, a P/E ratio of 33.26, a PEG ratio of 1.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.61. JBT Marel has a 1-year low of $113.67 and a 1-year high of $170.19.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share 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. As a group, research analysts expect that JBT Marel will post 8.14 EPS for the current year.

Institutional Investors Weigh In On JBT Marel

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TimesSquare Capital Management LLC purchased a new stake in shares of JBT Marel during the second quarter worth $39,821,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in JBT Marel in the 2nd quarter worth $1,243,000. RW Investment Management LLC bought a new stake in shares of JBT Marel in the 2nd quarter worth approximately $684,000. Bank of New York Mellon Corp acquired a new stake in JBT Marel during the second quarter worth $51,597,000. Finally, State of Wyoming bought a new stake in JBT Marel in the second quarter valued at about $75,000. 98.92% of the stock is owned by institutional investors and hedge funds.

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.