Public Employees Retirement System of Ohio Increases Stake in Barnes Group Inc. (B)

Public Employees Retirement System of Ohio raised its stake in shares of Barnes Group Inc. (NYSE:B) by 65.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,147 shares of the industrial products company’s stock after buying an additional 20,313 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.10% of Barnes Group worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in B. Pacad Investment Ltd. grew its holdings in Barnes Group by 5.9% during the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the industrial products company’s stock valued at $105,000 after buying an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Barnes Group during the 2nd quarter valued at approximately $109,000. YorkBridge Wealth Partners LLC boosted its position in shares of Barnes Group by 4,461.8% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 1,517 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Barnes Group by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the industrial products company’s stock valued at $122,000 after acquiring an additional 188 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of Barnes Group by 16.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,178 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 300 shares during the last quarter. 86.29% of the stock is owned by institutional investors and hedge funds.

Shares of Barnes Group Inc. (B) opened at $67.79 on Friday. The stock has a market capitalization of $3,540.00, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.14 and a beta of 1.35. Barnes Group Inc. has a 52-week low of $45.47 and a 52-week high of $72.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.20 and a quick ratio of 1.45.

Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The company had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. analysts anticipate that Barnes Group Inc. will post 2.85 EPS for the current year.

In other Barnes Group news, SVP Christopher J. Stephens sold 15,700 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $63.53, for a total value of $997,421.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas O. Barnes sold 1,500 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $66.36, for a total value of $99,540.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

B has been the subject of a number of research reports. SunTrust Banks reiterated a “hold” rating and set a $60.00 target price on shares of Barnes Group in a research report on Thursday, October 12th. Zacks Investment Research upgraded Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Wednesday. Robert W. Baird reiterated a “hold” rating and set a $65.00 target price on shares of Barnes Group in a research report on Sunday, October 29th. Finally, ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.17.

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About Barnes Group

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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