Barnes Group Inc. (B) Shares Sold by Strs Ohio

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Strs Ohio lessened its position in shares of Barnes Group Inc. (NYSE:B) by 30.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the industrial products company’s stock after selling 1,300 shares during the period. Strs Ohio’s holdings in Barnes Group were worth $176,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Barnes Group by 3.0% in the 1st quarter. Wells Fargo & Company MN now owns 154,710 shares of the industrial products company’s stock valued at $9,265,000 after purchasing an additional 4,504 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Barnes Group by 47.0% in the 1st quarter. SG Americas Securities LLC now owns 7,527 shares of the industrial products company’s stock valued at $451,000 after purchasing an additional 2,406 shares in the last quarter. Swiss National Bank boosted its stake in shares of Barnes Group by 2.2% in the 1st quarter. Swiss National Bank now owns 89,000 shares of the industrial products company’s stock valued at $5,330,000 after purchasing an additional 1,900 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Barnes Group by 9.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 346,279 shares of the industrial products company’s stock valued at $20,739,000 after purchasing an additional 28,885 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Barnes Group in the 1st quarter valued at $1,473,000. 84.97% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Zacks Investment Research cut shares of Barnes Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. UBS Group assumed coverage on shares of Barnes Group in a research note on Wednesday, August 15th. They issued a “buy” rating and a $80.00 price objective for the company. DA Davidson set a $67.00 price objective on shares of Barnes Group and gave the company a “hold” rating in a research note on Tuesday, July 31st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $63.00 price objective on shares of Barnes Group in a research note on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Barnes Group has an average rating of “Buy” and an average target price of $70.40.

Shares of B opened at $69.80 on Friday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 5.24 and a beta of 1.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.25 and a quick ratio of 1.55. Barnes Group Inc. has a twelve month low of $52.42 and a twelve month high of $72.87.

Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, July 27th. The industrial products company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.15. The business had revenue of $375.32 million during the quarter, compared to analysts’ expectations of $383.00 million. Barnes Group had a net margin of 4.39% and a return on equity of 12.69%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 EPS. equities research analysts forecast that Barnes Group Inc. will post 3.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Tuesday, August 28th were given a dividend of $0.16 per share. The ex-dividend date was Monday, August 27th. This represents a $0.64 annualized dividend and a yield of 0.92%. Barnes Group’s payout ratio is currently 22.22%.

Barnes Group Profile

Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.

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

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