Flinton Capital Management LLC lowered its position in shares of Barnes Group Inc. (NYSE:B) by 28.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,072 shares of the industrial products company’s stock after selling 8,988 shares during the quarter. Flinton Capital Management LLC’s holdings in Barnes Group were worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Barnes Group by 1.0% during the 4th quarter. BlackRock Inc. now owns 6,292,106 shares of the industrial products company’s stock worth $398,101,000 after purchasing an additional 64,858 shares during the last quarter. Wasatch Advisors Inc. increased its stake in shares of 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 worth $130,545,000 after purchasing an additional 781,002 shares during the last quarter. Macquarie Group Ltd. increased 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 purchasing an additional 124,314 shares during the last quarter. Congress Asset Management Co. MA increased its stake in shares of Barnes Group by 3.5% during the 4th quarter. Congress Asset Management Co. MA now owns 1,216,387 shares of the industrial products company’s stock worth $76,961,000 after purchasing an additional 41,104 shares during the last quarter. Finally, Rothschild Asset Management Inc. increased its stake in shares of Barnes Group by 4.6% during the 3rd quarter. Rothschild Asset Management Inc. now owns 694,348 shares of the industrial products company’s stock worth $48,910,000 after purchasing an additional 30,567 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
Barnes Group Inc. (B) opened at $61.99 on Friday. Barnes Group Inc. has a one year low of $48.21 and a one year high of $72.87. The firm has a market cap of $3,260.07, a P/E ratio of 21.19, a P/E/G ratio of 2.00 and a beta of 1.36. The company has a quick ratio of 1.67, a current ratio of 2.43 and a debt-to-equity ratio of 0.42.
Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. Barnes Group had a net margin of 4.15% and a return on equity of 12.36%. The business had revenue of $373.00 million during the quarter, compared to analyst estimates of $357.77 million. During the same period in the previous year, the business earned $0.67 EPS. Barnes Group’s revenue was up 15.1% compared to the same quarter last year. equities analysts predict that Barnes Group Inc. will post 3.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, February 22nd. Barnes Group’s payout ratio is 52.34%.
In other news, Director Richard J. Hipple purchased 1,300 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was purchased at an average cost of $62.06 per share, with a total value of $80,678.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Marian Acker sold 7,860 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were 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 owned by company insiders.
A number of research analysts recently weighed in on B shares. SunTrust Banks reiterated a “hold” rating and issued a $67.00 price objective on shares of Barnes Group in a research note on Tuesday, January 9th. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average 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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