Barnes Group (NYSE:B)‘s stock had its “hold” rating reaffirmed by research analysts at SunTrust Banks in a research report issued to clients and investors on Tuesday. They currently have a $67.00 target price on the industrial products company’s stock. SunTrust Banks’ price target would suggest a potential upside of 2.18% from the stock’s previous close. SunTrust Banks also issued estimates for Barnes Group’s FY2018 earnings at $3.30 EPS and FY2019 earnings at $3.71 EPS.

A number of other analysts also recently weighed in on B. ValuEngine downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reissued a “hold” rating and set a $65.00 target price on shares of Barnes Group in a research report on Sunday, October 29th. Finally, Zacks Investment Research downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $68.17.

Shares of Barnes Group (B) opened at $65.57 on Tuesday. The firm has a market cap of $3,540.00, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35. 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 has a 52-week low of $45.47 and a 52-week high of $72.87.

Barnes Group (NYSE:B) last released its earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The firm had revenue of $357.16 million for the quarter, compared to analyst estimates of $351.01 million. Barnes Group had a net margin of 11.20% and a return on equity of 12.44%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. equities research analysts forecast that Barnes Group will post 2.85 earnings per share for the current fiscal year.

In other news, Director Thomas O. Barnes sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $66.36, for a total transaction of $99,540.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher J. Stephens sold 15,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $63.53, for a total transaction of $997,421.00. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of B. Schwab Charles Investment Management Inc. grew its position in Barnes Group by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 299,075 shares of the industrial products company’s stock valued at $17,505,000 after purchasing an additional 1,514 shares during the period. Prudential Financial Inc. grew its position in Barnes Group by 9.8% in the 2nd quarter. Prudential Financial Inc. now owns 110,963 shares of the industrial products company’s stock valued at $6,495,000 after purchasing an additional 9,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Barnes Group by 9.9% in 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 period. Pacad Investment Ltd. grew its position in Barnes Group by 5.9% in 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 period. Finally, Swiss National Bank grew its position in Barnes Group by 1.8% in the 2nd quarter. Swiss National Bank now owns 85,600 shares of the industrial products company’s stock valued at $5,010,000 after purchasing an additional 1,500 shares during the period. 86.29% of the stock is owned by institutional investors and hedge funds.

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About Barnes Group

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.

Analyst Recommendations for Barnes Group (NYSE:B)

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