Barnes Group Inc. (B) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lessened its stake in Barnes Group Inc. (NYSE:B) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,258,681 shares of the industrial products company’s stock after selling 63,015 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Barnes Group worth $191,936,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in shares of Barnes Group during the 2nd quarter valued at $226,000. Quantbot Technologies LP raised its position in shares of Barnes Group by 234.6% during the 1st quarter. Quantbot Technologies LP now owns 4,240 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 2,973 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Barnes Group during the 1st quarter valued at $284,000. Pitcairn Co. raised its position in shares of Barnes Group by 42.1% during the 1st quarter. Pitcairn Co. now owns 4,979 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Piermont Capital Management Inc. bought a new stake in shares of Barnes Group during the 1st quarter valued at $313,000. Hedge funds and other institutional investors own 86.00% of the company’s stock.
B opened at $68.14 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.25 and a quick ratio of 1.55. Barnes Group Inc. has a 12 month low of $52.42 and a 12 month high of $72.87. The firm has a market capitalization of $3.48 billion, a P/E ratio of 23.66, a PEG ratio of 5.22 and a beta of 1.37.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Tuesday, August 28th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, August 27th. Barnes Group’s dividend payout ratio is currently 22.22%.
B has been the subject of several recent research reports. UBS Group initiated coverage on shares of Barnes Group in a research report on Wednesday, August 15th. They set a “buy” rating and a $80.00 target price for the company. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Tuesday, July 31st. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. SunTrust Banks reiterated a “hold” rating and set a $63.00 target price on shares of Barnes Group in a research report on Friday, July 27th. Finally, DA Davidson set a $67.00 target price on shares of Barnes Group and gave the company a “hold” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $70.33.
Barnes Group Profile
Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.
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