Comerica Bank reduced its stake in Barnes Group Inc. (NYSE:B) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,130 shares of the industrial products company’s stock after selling 1,656 shares during the period. Comerica Bank’s holdings in Barnes Group were worth $3,442,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its holdings in Barnes Group by 4,461.8% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock valued at $109,000 after buying an additional 1,517 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Barnes Group by 156.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,202 shares of the industrial products company’s stock valued at $156,000 after buying an additional 1,342 shares during the last quarter. Visionary Asset Management Inc. bought a new position in Barnes Group in the 3rd quarter valued at approximately $216,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Barnes Group by 47.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,095 shares of the industrial products company’s stock valued at $196,000 after buying an additional 1,003 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Barnes Group by 2,284.0% in the 4th quarter. Bessemer Group Inc. now owns 3,123 shares of the industrial products company’s stock valued at $198,000 after buying an additional 2,992 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.
Barnes Group Inc. (B) opened at $63.95 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.67 and a debt-to-equity ratio of 0.42. Barnes Group Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $72.87. The stock has a market cap of $3,428.40, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.
Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. Barnes Group had a net margin of 4.15% and a return on equity of 12.36%. The firm had revenue of $373.00 million during the quarter, compared to analyst estimates of $357.77 million. During the same quarter last year, the business earned $0.67 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. sell-side analysts forecast that Barnes Group Inc. will post 3.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders 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 yield of 0.88%. Barnes Group’s payout ratio is 52.34%.
B has been the subject of a number of research reports. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday, January 10th. SunTrust Banks reiterated a “hold” rating and issued a $67.00 price objective on shares of Barnes Group in a report on Tuesday, January 9th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $65.00 price objective on shares of Barnes Group in a report on Sunday, October 29th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Barnes Group has a consensus rating of “Buy” and a consensus price target of $68.17.
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Barnes Group 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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