Media stories about Barnes Group (NYSE:B) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barnes Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 44.8030728251223 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Barnes & Noble’s troubles aren’t just Amazon (marketwatch.com)
- Barnes’ Singapore expansion won’t affect Windsor plant (journalinquirer.com)
- Barnes Group (B) to Report Q4 Earnings: What to Expect? (finance.yahoo.com)
- Snap-on (SNA) vs. Barnes Group (B) Critical Comparison (americanbankingnews.com)
- Barnes Group Inc. (B) Declares Quarterly Dividend of $0.14 (americanbankingnews.com)
Several equities analysts have issued reports on B shares. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, January 10th. SunTrust Banks reissued a “hold” rating and issued a $67.00 price target on shares of Barnes Group in a research note on Tuesday, January 9th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $65.00 target price on shares of Barnes Group in a research note on Sunday, October 29th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.17.
The firm 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, February 22nd. Barnes Group’s dividend payout ratio (DPR) is currently 19.72%.
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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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