Barnes Group, Inc. (NYSE:B) announced a quarterly dividend on Friday, October 20th, RTT News reports. Stockholders of record on Wednesday, November 22nd will be paid a dividend of 0.14 per share by the industrial products company on Friday, December 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, November 21st.

Barnes Group has raised its dividend payment by an average of 6.7% annually over the last three years and has raised its dividend every year for the last 4 years. Barnes Group has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Barnes Group to earn $3.03 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 18.5%.

Shares of Barnes Group (B) opened at $63.39 on Monday. Barnes Group has a fifty-two week low of $43.97 and a fifty-two week high of $72.87. The firm has a market capitalization of $3,398.37, a P/E ratio of 22.24, a PEG ratio of 2.22 and a beta of 1.37. 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 (NYSE:B) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03). Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The firm had revenue of $357.16 million for the quarter, compared to analyst estimates of $351.01 million. During the same period in the previous year, the business posted $0.71 EPS. Barnes Group’s revenue for the quarter was up 14.6% compared to the same quarter last year. research analysts expect that Barnes Group will post 2.85 earnings per share for the current fiscal year.

B has been the subject of several analyst reports. Deutsche Bank AG raised their target price on Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded Barnes Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $65.00 price objective on shares of Barnes Group in a research report on Sunday, October 29th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Barnes Group has a consensus rating of “Buy” and a consensus target price of $65.60.

In other news, Director Thomas O. Barnes sold 1,500 shares of Barnes Group stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $66.36, for a total value of $99,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher J. Stephens sold 15,700 shares of Barnes Group stock in a transaction 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. In the last quarter, insiders sold 17,955 shares of company stock valued at $1,143,182. Corporate insiders own 8.50% 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.

Dividend History for Barnes Group (NYSE:B)

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