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

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

JBT Marel Stock Performance

Shares of JBTM stock opened at $122.08 on Friday. 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 12 month low of $113.67 and a 12 month high of $170.19. The company’s fifty day moving average price is $134.44 and its two-hundred day moving average price is $139.04. The firm has a market capitalization of $6.36 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.30 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The business 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, research analysts anticipate that JBT Marel will post 8.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JBT Marel

Several institutional investors and hedge funds have recently modified their holdings of JBTM. Eurizon Capital SGR S.p.A. acquired a new position in JBT Marel in the fourth quarter worth approximately $25,000. Group One Trading LLC boosted its position in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares during the period. Parallel Advisors LLC grew its holdings in JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $29,000 after purchasing an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of JBT Marel in the second quarter valued at approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JBT Marel in the second quarter worth $29,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.