Mairs & Power Inc. Sells 19,829 Shares of JBT Marel Corporation $JBTM

Mairs & Power Inc. decreased its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 22.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,035 shares of the company’s stock after selling 19,829 shares during the quarter. Mairs & Power Inc.’s holdings in JBT Marel were worth $9,836,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBTM. Salomon & Ludwin LLC acquired a new stake in JBT Marel during the 3rd quarter worth approximately $25,000. First Horizon Corp acquired a new position in JBT Marel in the 3rd quarter valued at $27,000. UMB Bank n.a. acquired a new position in JBT Marel in the 3rd quarter valued at $27,000. Steward Partners Investment Advisory LLC bought a new position in JBT Marel during the 2nd quarter worth $28,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel during the second quarter worth $28,000. 98.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Brian A. Deck sold 8,634 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total value of $1,299,503.34. Following the transaction, the chief executive officer directly owned 127,667 shares of the company’s stock, valued at $19,215,160.17. The trade was a 6.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

JBTM has been the subject of several analyst reports. Zacks Research upgraded shares of JBT Marel from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a report on Thursday, January 22nd. Finally, Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $174.50.

JBT Marel Stock Down 0.4%

Shares of NYSE JBTM opened at $129.12 on Tuesday. The company has a market cap of $6.71 billion, a price-to-earnings ratio of -127.84, a PEG ratio of 1.37 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $170.19. The stock has a 50-day moving average price of $156.61 and a two-hundred day moving average price of $146.45.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, February 23rd. The company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The company had revenue of $1.01 billion during the quarter. During the same quarter in the previous year, the company posted $1.70 earnings per share. The firm’s revenue was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio is -39.60%.

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.