19,680 Shares in Barnes Group, Inc. (B) Acquired by Chicago Equity Partners LLC
Chicago Equity Partners LLC purchased a new stake in shares of Barnes Group, Inc. (NYSE:B) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,680 shares of the industrial products company’s stock, valued at approximately $1,386,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. increased its position in shares of Barnes Group by 5.9% during the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Barnes Group during the 2nd quarter valued at about $109,000. YorkBridge Wealth Partners LLC increased its position in shares of Barnes Group by 4,461.8% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 1,517 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Barnes Group by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 85 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Barnes Group by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 188 shares during the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Thomas O. Barnes sold 755 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $61.22, for a total transaction of $46,221.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher J. Stephens sold 15,700 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total value of $997,421.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,955 shares of company stock valued at $1,143,182. Insiders own 8.50% of the company’s stock.
Several research firms recently issued reports on B. Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub lowered shares of Barnes Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Robert W. Baird reissued a “hold” rating and issued a $65.00 target price on shares of Barnes Group in a report on Sunday, October 29th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $60.00 target price on shares of Barnes Group in a report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $65.60.
Shares of Barnes Group, Inc. (B) opened at $61.90 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Barnes Group, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $72.87. The stock has a market cap of $3,319.57, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.17 and a beta of 1.37.
Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). Barnes Group had a net margin of 11.20% and a return on equity of 12.44%. The company had revenue of $357.16 million for the quarter, compared to analysts’ expectations of $351.01 million. During the same period last year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. equities research analysts anticipate that Barnes Group, Inc. will post 2.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, November 21st. Barnes Group’s dividend payout ratio (DPR) is currently 19.72%.
Barnes Group 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.
Receive News & Stock Ratings for Barnes Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group Inc. and related stocks with our FREE daily email newsletter.