Texas Permanent School Fund reduced its holdings in Barnes Group Inc. (NYSE:B) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,340 shares of the industrial products company’s stock after selling 2,820 shares during the quarter. Texas Permanent School Fund owned 0.06% of Barnes Group worth $2,109,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of B. Wasatch Advisors Inc. boosted its stake in Barnes Group by 60.9% during the 4th quarter. Wasatch Advisors Inc. now owns 2,063,298 shares of the industrial products company’s stock valued at $130,545,000 after purchasing an additional 781,002 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Barnes Group during the 2nd quarter worth $350,000. Macquarie Group Ltd. boosted its stake in shares of Barnes Group by 7.4% during the 3rd quarter. Macquarie Group Ltd. now owns 1,795,260 shares of the industrial products company’s stock worth $126,458,000 after acquiring an additional 124,314 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Barnes Group in the third quarter worth $6,274,000. Finally, American Century Companies Inc. boosted its position in shares of Barnes Group by 34.8% in the third quarter. American Century Companies Inc. now owns 233,185 shares of the industrial products company’s stock worth $16,426,000 after buying an additional 60,156 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.
Shares of Barnes Group Inc. (NYSE:B) traded up $0.35 during trading hours on Wednesday, hitting $60.52. The company had a trading volume of 37,677 shares, compared to its average volume of 201,453. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Barnes Group Inc. has a twelve month low of $47.86 and a twelve month high of $72.87. The stock has a market capitalization of $3,234.33, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.93%. Barnes Group’s dividend payout ratio is 19.72%.
Several analysts have recently commented on B shares. Zacks Investment Research raised 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, January 10th. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $65.00 target price on shares of Barnes Group in a research report on Sunday, October 29th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $67.00 target price on shares of Barnes Group in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target 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.
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