Fruth Investment Management reduced its position in Barnes Group, Inc. (NYSE:B) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the industrial products company’s stock after selling 500 shares during the period. Fruth Investment Management’s holdings in Barnes Group were worth $204,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in B. BlackRock Inc. increased its stake in Barnes Group by 40,783.4% in the first quarter. BlackRock Inc. now owns 6,069,547 shares of the industrial products company’s stock worth $311,610,000 after buying an additional 6,054,701 shares during the period. Bank of America Corp DE increased its stake in Barnes Group by 0.4% in the first quarter. Bank of America Corp DE now owns 5,487,280 shares of the industrial products company’s stock worth $281,717,000 after buying an additional 23,017 shares during the period. Vanguard Group Inc. increased its stake in Barnes Group by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,532,470 shares of the industrial products company’s stock worth $232,698,000 after buying an additional 235,065 shares during the period. Dimensional Fund Advisors LP increased its stake in Barnes Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,526,503 shares of the industrial products company’s stock worth $181,050,000 after buying an additional 19,233 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Barnes Group by 0.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,750,602 shares of the industrial products company’s stock worth $83,014,000 after buying an additional 9,047 shares during the period. Institutional investors own 85.71% of the company’s stock.

Shares of Barnes Group, Inc. (NYSE B) traded down 0.2292% during midday trading on Friday, hitting $61.7382. 43,697 shares of the stock were exchanged. The firm’s 50-day moving average is $59.01 and its 200-day moving average is $52.85. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 23.2974 and a beta of 1.43. Barnes Group, Inc. has a 12 month low of $35.96 and a 12 month high of $62.37.

Barnes Group (NYSE:B) last issued its earnings results on Friday, April 28th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. Barnes Group had a net margin of 11.30% and a return on equity of 12.49%. The firm had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $314.81 million. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. Equities research analysts predict that Barnes Group, Inc. will post $2.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 24th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.90%. Barnes Group’s dividend payout ratio (DPR) is presently 21.13%.

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A number of equities research analysts have commented on B shares. Zacks Investment Research downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. Jefferies Group LLC reissued a “buy” rating and set a $66.00 price objective on shares of Barnes Group in a research report on Thursday, June 8th. Sidoti downgraded shares of Barnes Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 24th. Finally, ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $56.00.

In related news, SVP Christopher J. Stephens sold 13,600 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $54.88, for a total transaction of $746,368.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mylle H. Mangum sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $53.91, for a total transaction of $161,730.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,250 shares of company stock valued at $1,552,653. 8.50% of the stock is currently owned by corporate insiders.

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.

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

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