We Are One Seven LLC bought a new position in shares of Barnes Group Inc. (NYSE:B) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,221 shares of the industrial products company’s stock, valued at approximately $330,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in Barnes Group by 156.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,202 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 1,342 shares during the last quarter. Visionary Asset Management Inc. acquired a new stake in Barnes Group in the third quarter valued at $216,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Barnes Group by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,095 shares of the industrial products company’s stock valued at $196,000 after acquiring an additional 1,003 shares during the last quarter. Bessemer Group Inc. lifted its stake in Barnes Group by 2,284.0% in the fourth quarter. Bessemer Group Inc. now owns 3,123 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 2,992 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Barnes Group in the third quarter valued at $225,000. Institutional investors and hedge funds own 87.82% of the company’s stock.
In related news, Director Thomas O. Barnes sold 1,700 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.36, for a total transaction of $107,712.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Marian Acker sold 7,860 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $63.12, for a total transaction of $496,123.20. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on the stock. SunTrust Banks reissued a “hold” rating and issued a $67.00 price objective on shares of Barnes Group in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of Barnes Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Tuesday. Finally, ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Barnes Group has an average rating of “Buy” and an average price target of $67.50.
B stock opened at $59.25 on Friday. The firm has a market cap of $3,195.13, a PE ratio of 55.37, a PEG ratio of 1.96 and a beta of 1.36. Barnes Group Inc. has a 1 year low of $48.21 and a 1 year high of $72.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.67.
Barnes Group (NYSE:B) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The company had revenue of $373.00 million for the quarter, compared to analyst estimates of $357.77 million. Barnes Group had a net margin of 4.15% and a return on equity of 12.36%. The company’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. sell-side analysts predict that Barnes Group Inc. will post 3.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, February 22nd. Barnes Group’s payout ratio is presently 52.34%.
Barnes Group Company Profile
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.
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