Stifel Financial Corp Purchases 4,639 Shares of John Bean Technologies Co. (NYSE:JBT)

Stifel Financial Corp boosted its stake in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,221 shares of the industrial products company's stock after buying an additional 4,639 shares during the quarter. Stifel Financial Corp owned approximately 0.16% of John Bean Technologies worth $5,144,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its stake in John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company's stock worth $31,000 after purchasing an additional 172 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in John Bean Technologies in the 3rd quarter worth $39,000. Innealta Capital LLC purchased a new stake in shares of John Bean Technologies during the second quarter worth $73,000. Kimelman & Baird LLC purchased a new stake in shares of John Bean Technologies during the second quarter worth $85,000. Finally, KBC Group NV grew its holdings in shares of John Bean Technologies by 31.5% during the third quarter. KBC Group NV now owns 1,014 shares of the industrial products company's stock worth $100,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company's stock.

John Bean Technologies Stock Performance

JBT stock traded down $4.15 on Friday, reaching $122.87. The company's stock had a trading volume of 387,297 shares, compared to its average volume of 286,744. The company has a market capitalization of $3.91 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00. The firm has a fifty day moving average of $114.54 and a two-hundred day moving average of $100.91. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $128.23.

John Bean Technologies (NYSE:JBT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. During the same quarter last year, the company posted $1.11 earnings per share. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, analysts predict that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 0.33%. John Bean Technologies's dividend payout ratio is currently 7.42%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. CJS Securities began coverage on shares of John Bean Technologies in a report on Thursday. They issued an "outperform" rating and a $150.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of John Bean Technologies in a research note on Thursday. They issued a "hold" rating and a $130.00 price target for the company.

About John Bean Technologies

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.