Barnes Group, Inc. (B) SVP Sells C$997,421.00 in Stock

Barnes Group, Inc. (NYSE:B) SVP Christopher J. Stephens sold 15,700 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of C$63.53, for a total transaction of C$997,421.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Barnes Group, Inc. (NYSE:B) opened at C$62.53 on Friday. Barnes Group, Inc. has a 12 month low of C$42.41 and a 12 month high of C$72.87. The firm has a market cap of $3,352.30, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.37. 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 announced its earnings results on Friday, October 27th. The company reported C$0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.69 by C($0.03). Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The company had revenue of C$357.16 million during the quarter, compared to the consensus estimate of C$351.01 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. sell-side analysts anticipate that Barnes Group, Inc. will post 2.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, November 21st. Barnes Group’s dividend payout ratio is presently 19.72%.

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A number of research firms have commented on B. BidaskClub upgraded shares of Barnes Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. ValuEngine lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. boosted their price target on shares of Barnes Group from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Robert W. Baird restated a “hold” rating and issued a $65.00 price target on shares of Barnes Group in a research report on Sunday, October 29th. Finally, Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Barnes Group presently has a consensus rating of “Buy” and a consensus target price of C$65.60.

Several hedge funds and other institutional investors have recently made changes to their positions in B. Pacad Investment Ltd. raised its stake in shares of Barnes Group by 5.9% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the company’s stock worth $105,000 after acquiring an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Barnes Group during the second quarter worth approximately $109,000. YorkBridge Wealth Partners LLC raised its stake in shares of Barnes Group by 4,461.8% during the third quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the company’s stock worth $109,000 after buying an additional 1,517 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Barnes Group by 4.6% during the second quarter. LS Investment Advisors LLC now owns 1,942 shares of the company’s stock worth $114,000 after buying an additional 85 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Barnes Group by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the company’s stock worth $122,000 after buying an additional 188 shares during the last quarter. 86.98% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Barnes Group (NYSE:B)

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