Principal Financial Group Inc. Purchases 5,219 Shares of JBT Marel Corporation $JBTM

Principal Financial Group Inc. lifted its position in JBT Marel Corporation (NYSE:JBTM) by 2.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 254,407 shares of the company’s stock after purchasing an additional 5,219 shares during the period. Principal Financial Group Inc.’s holdings in JBT Marel were worth $32,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of JBTM. Eurizon Capital SGR S.p.A. acquired a new position in JBT Marel in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new position in JBT Marel during the 2nd quarter worth $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in JBT Marel during the second quarter valued at about $29,000. Group One Trading LLC boosted its holdings in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 72 shares during the period. Finally, UMB Bank n.a. grew its position in shares of JBT Marel by 34.4% in the fourth quarter. UMB Bank n.a. now owns 254 shares of the company’s stock valued at $38,000 after purchasing an additional 65 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

JBT Marel Stock Performance

NYSE:JBTM opened at $134.29 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01. The firm’s 50-day moving average is $132.81 and its 200-day moving average is $140.97. JBT Marel Corporation has a 52-week low of $113.67 and a 52-week high of $170.19. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 1.41 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The business had revenue of $936.00 million for the quarter. During the same period last year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities research analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Announces Dividend

The company 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. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is presently 12.50%.

Analyst Ratings Changes

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

JBT Marel 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.