Marian Acker Sells 7,860 Shares of Barnes Group Inc. (B) Stock

Barnes Group Inc. (NYSE:B) VP Marian Acker sold 7,860 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Barnes Group Inc. (B) traded down $0.45 on Friday, reaching $63.69. The company had a trading volume of 206,699 shares, compared to its average volume of 214,382. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.67. The firm has a market capitalization of $3,390.00, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. Barnes Group Inc. has a 52-week low of $48.21 and a 52-week high of $72.87.

Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $373.00 million during the quarter, compared to the consensus estimate of $357.77 million. Barnes Group had a return on equity of 12.36% and a net margin of 4.15%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. equities research analysts predict that Barnes Group Inc. will post 3.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, February 22nd. Barnes Group’s dividend payout ratio (DPR) is 19.51%.

B has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Wednesday, January 10th. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird restated a “hold” rating and set a $65.00 target price on shares of Barnes Group in a research note on Sunday, October 29th. Finally, SunTrust Banks restated a “hold” rating and set a $67.00 target price on shares of Barnes Group in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Barnes Group has an average rating of “Buy” and an average price target of $68.17.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC acquired a new position in Barnes Group in the third quarter valued at approximately $6,274,000. Public Employees Retirement System of Ohio boosted its holdings in Barnes Group by 65.9% in the third quarter. Public Employees Retirement System of Ohio now owns 51,147 shares of the industrial products company’s stock valued at $3,603,000 after purchasing an additional 20,313 shares in the last quarter. Stifel Financial Corp boosted its holdings in Barnes Group by 7.9% in the third quarter. Stifel Financial Corp now owns 277,675 shares of the industrial products company’s stock valued at $19,558,000 after purchasing an additional 20,403 shares in the last quarter. BB&T Securities LLC acquired a new position in Barnes Group in the third quarter valued at approximately $306,000. Finally, Wells Fargo & Company MN boosted its holdings in Barnes Group by 8.8% in the third quarter. Wells Fargo & Company MN now owns 157,425 shares of the industrial products company’s stock valued at $11,089,000 after purchasing an additional 12,705 shares in the last quarter. 85.99% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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