Principal Financial Group Inc. Has $14.90 Million Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Principal Financial Group Inc. lessened its holdings in John Bean Technologies Co. (NYSE:JBT - Free Report) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 151,243 shares of the industrial products company's stock after selling 7,091 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of John Bean Technologies worth $14,899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of John Bean Technologies by 57.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company's stock valued at $121,507,000 after buying an additional 466,846 shares in the last quarter. Royce & Associates LP grew its stake in John Bean Technologies by 7.2% in the third quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company's stock valued at $84,573,000 after acquiring an additional 57,371 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of John Bean Technologies by 170.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company's stock worth $82,964,000 after acquiring an additional 531,298 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of John Bean Technologies by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company's stock worth $73,908,000 after purchasing an additional 19,549 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of John Bean Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 729,853 shares of the industrial products company's stock valued at $71,912,000 after purchasing an additional 3,440 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JBT shares. Jefferies Financial Group started coverage on shares of John Bean Technologies in a research report on Thursday, December 12th. They set a "hold" rating and a $130.00 price objective for the company. CJS Securities initiated coverage on John Bean Technologies in a report on Thursday, December 12th. They set an "outperform" rating and a $150.00 target price for the company.

John Bean Technologies Stock Down 2.5 %

Shares of NYSE JBT traded down $3.28 during midday trading on Friday, reaching $128.38. The company's stock had a trading volume of 2,802,112 shares, compared to its average volume of 361,822. The stock has a 50 day simple moving average of $120.20 and a 200-day simple moving average of $103.09. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.71 and a beta of 1.24. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $132.69.

John Bean Technologies (NYSE:JBT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm had revenue of $453.80 million for the quarter, compared to analyst estimates of $442.20 million. During the same period in the previous year, the business earned $1.11 EPS. The company's revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that John Bean Technologies Co. will post 5.21 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. John Bean Technologies's dividend payout ratio is 7.42%.

John Bean Technologies 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.