Macquarie Group Ltd. raised its stake in shares of Barnes Group Inc. (NYSE:B) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,857,577 shares of the industrial products company’s stock after purchasing an additional 62,317 shares during the period. Macquarie Group Ltd. owned 3.46% of Barnes Group worth $117,529,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of B. Public Employees Retirement System of Ohio increased its position in shares of 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 worth $3,603,000 after acquiring an additional 20,313 shares in the last quarter. Stifel Financial Corp increased its position in shares of Barnes Group by 7.9% in the third quarter. Stifel Financial Corp now owns 277,675 shares of the industrial products company’s stock worth $19,558,000 after acquiring an additional 20,403 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of Barnes Group in the third quarter worth $306,000. Wells Fargo & Company MN increased its position in shares of 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 worth $11,089,000 after acquiring an additional 12,705 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its position in shares of Barnes Group by 112.1% in the third quarter. Wasatch Advisors Inc. now owns 1,282,296 shares of the industrial products company’s stock worth $90,325,000 after acquiring an additional 677,686 shares in the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on B shares. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, SunTrust Banks restated a “hold” rating and issued 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 given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $68.17.
Barnes Group Inc. (NYSE B) opened at $61.24 on Friday. Barnes Group Inc. has a 52 week low of $48.21 and a 52 week high of $72.87. The company has a quick ratio of 1.67, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3,256.88, a price-to-earnings ratio of 21.17, a PEG ratio of 2.00 and a beta of 1.36.
Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.71 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $357.77 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. analysts anticipate that Barnes Group Inc. will post 3.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.91%. Barnes Group’s dividend payout ratio (DPR) is 52.34%.
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Barnes Group Company 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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