Barnes Group Inc. (NYSE:B) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Stockholders of record on Monday, August 26th will be paid a dividend of 0.16 per share by the industrial products company on Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.21%.

Barnes Group has raised its dividend payment by an average of 8.9% annually over the last three years and has increased its dividend every year for the last 6 years. Barnes Group has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Barnes Group to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 18.1%.

Shares of B opened at $52.79 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 2.35 and a beta of 1.44. The business’s 50 day simple moving average is $54.33. Barnes Group has a 12-month low of $49.06 and a 12-month high of $72.70.

Barnes Group (NYSE:B) last announced its earnings results on Friday, April 26th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $376.69 million for the quarter, compared to analyst estimates of $374.04 million. Barnes Group had a net margin of 10.72% and a return on equity of 14.01%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. As a group, analysts expect that Barnes Group will post 3.22 earnings per share for the current fiscal year.

In other Barnes Group news, Director Gary G. Benanav sold 12,500 shares of Barnes Group stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $55.86, for a total value of $698,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dawn N. Edwards sold 1,750 shares of Barnes Group stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $55.44, for a total value of $97,020.00. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock valued at $906,230 in the last three months. 8.35% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. SunTrust Banks decreased their target price on shares of Broadcom to $307.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. DA Davidson decreased their target price on shares of Barnes Group to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Finally, Alembic Global Advisors assumed coverage on shares of Barnes Group in a research report on Friday, May 17th. They set an “overweight” rating and a $67.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.14.

Barnes Group Company 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, automation, personal care, packaging, electronics, and medical devices.

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Dividend History for Barnes Group (NYSE:B)

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