Barnes Group Inc. (NYSE:B) insider Patrick Dempsey sold 50,621 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $46.20, for a total transaction of $2,338,690.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Barnes Group Inc. (NYSE:B) traded up 1.25% during mid-day trading on Thursday, hitting $46.82. 160,318 shares of the stock traded hands. The stock has a 50 day moving average price of $40.87 and a 200-day moving average price of $37.88. The company has a market cap of $2.52 billion, a P/E ratio of 20.74 and a beta of 1.37. Barnes Group Inc. has a one year low of $30.07 and a one year high of $46.93.

Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Barnes Group had a return on equity of 12.10% and a net margin of 10.33%. The business earned $312 million during the quarter, compared to analysts’ expectations of $315.22 million. During the same quarter last year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Barnes Group Inc. will post $2.52 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Barnes Group (NYSE:B)

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 23rd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, November 21st. Barnes Group’s dividend payout ratio is currently 23.11%.

Several research analysts have recently weighed in on B shares. Jefferies Group boosted their price target on shares of Barnes Group from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of Barnes Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, September 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Barnes Group presently has an average rating of “Buy” and a consensus price target of $40.17.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tocqueville Asset Management L.P. bought a new stake in Barnes Group during the second quarter worth approximately $331,000. Henderson Group PLC boosted its stake in Barnes Group by 57.6% in the second quarter. Henderson Group PLC now owns 581,073 shares of the company’s stock worth $19,245,000 after buying an additional 212,385 shares in the last quarter. Bank of Montreal Can bought a new stake in Barnes Group during the second quarter worth approximately $4,196,000. Eagle Boston Investment Management Inc. boosted its stake in Barnes Group by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 261,154 shares of the company’s stock worth $8,649,000 after buying an additional 6,744 shares in the last quarter. Finally, First National Bank of Omaha boosted its stake in Barnes Group by 26.3% in the second quarter. First National Bank of Omaha now owns 21,350 shares of the company’s stock worth $707,000 after buying an additional 4,450 shares in the last quarter. Institutional investors and hedge funds own 85.15% of the company’s stock.

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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.

5 Day Chart for NYSE:B

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