Stifel Financial Corp Has $19.56 Million Holdings in Barnes Group Inc. (B)

Stifel Financial Corp grew its position in shares of Barnes Group Inc. (NYSE:B) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,675 shares of the industrial products company’s stock after buying an additional 20,403 shares during the quarter. Stifel Financial Corp owned 0.52% of Barnes Group worth $19,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Barnes Group by 1.3% in the 2nd quarter. BlackRock Inc. now owns 6,147,376 shares of the industrial products company’s stock worth $359,804,000 after purchasing an additional 77,829 shares during the period. Vanguard Group Inc. raised its holdings in Barnes Group by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,588,211 shares of the industrial products company’s stock worth $268,548,000 after purchasing an additional 55,741 shares during the period. Macquarie Group Ltd. raised its holdings in Barnes Group by 7.4% in 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 period. Northern Trust Corp raised its holdings in Barnes Group by 6.3% in the 2nd quarter. Northern Trust Corp now owns 1,664,281 shares of the industrial products company’s stock worth $97,410,000 after purchasing an additional 98,189 shares during the period. Finally, State Street Corp raised its holdings in Barnes Group by 3.8% in the 2nd quarter. State Street Corp now owns 1,288,147 shares of the industrial products company’s stock worth $75,394,000 after purchasing an additional 47,590 shares during the period. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on B shares. Deutsche Bank increased their price target on Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and issued a $65.00 price target on shares of Barnes Group in a research report on Sunday, October 29th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $60.00 price target on shares of Barnes Group in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Barnes Group currently has a consensus rating of “Buy” and an average target price of $65.60.

In related news, SVP Christopher J. Stephens sold 15,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total value of $997,421.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas O. Barnes sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $66.36, for a total transaction of $99,540.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

Shares of Barnes Group Inc. (NYSE:B) traded down $0.41 during midday trading on Friday, reaching $63.27. 165,057 shares of the company’s stock traded hands, compared to its average volume of 200,551. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3,413.92, a P/E ratio of 22.28, a P/E/G ratio of 2.23 and a beta of 1.35. Barnes Group Inc. has a twelve month low of $45.47 and a twelve month high of $72.87.

Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). The firm had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. research analysts predict that Barnes Group Inc. will post 2.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Tuesday, November 21st. Barnes Group’s payout ratio is currently 19.72%.

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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.

Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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