Gamco Investors INC. ET AL lessened its stake in Barnes Group Inc. (NYSE:B) by 5.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,000 shares of the industrial products company’s stock after selling 500 shares during the period. Gamco Investors INC. ET AL’s holdings in Barnes Group were worth $464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Barnes Group by 1.7% in the second quarter. BlackRock Inc. now owns 7,047,330 shares of the industrial products company’s stock worth $397,045,000 after purchasing an additional 114,410 shares in the last quarter. Northern Trust Corp raised its position in Barnes Group by 1.3% in the second quarter. Northern Trust Corp now owns 923,394 shares of the industrial products company’s stock worth $52,024,000 after purchasing an additional 11,999 shares in the last quarter. Bank of New York Mellon Corp raised its position in Barnes Group by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 665,301 shares of the industrial products company’s stock worth $37,483,000 after purchasing an additional 6,030 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Barnes Group by 0.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 493,552 shares of the industrial products company’s stock worth $25,438,000 after purchasing an additional 1,929 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in Barnes Group by 11.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 443,183 shares of the industrial products company’s stock worth $24,969,000 after purchasing an additional 46,995 shares in the last quarter. Institutional investors and hedge funds own 85.83% of the company’s stock.

In other Barnes Group news, VP Marian Acker sold 2,274 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $45.43, for a total value of $103,307.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas O. Barnes sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $61.05, for a total transaction of $152,625.00. The disclosure for this sale can be found here. Insiders have sold 91,965 shares of company stock worth $5,477,510 over the last three months. 8.35% of the stock is owned by insiders.

Several research firms recently issued reports on B. ValuEngine raised shares of Barnes Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. UBS Group increased their price target on shares of Barnes Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Oppenheimer set a $65.00 price target on shares of Barnes Group and gave the stock a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research lowered shares of Barnes Group from a “hold” rating to a “sell” rating and set a $55.00 price target for the company. in a research report on Thursday, August 1st. Finally, SunTrust Banks reissued a “sell” rating and issued a $49.00 price target on shares of Barnes Group in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.67.

Shares of NYSE B traded down $0.55 during mid-day trading on Tuesday, hitting $59.90. 4,560 shares of the stock were exchanged, compared to its average volume of 270,473. The company has a market cap of $3.07 billion, a P/E ratio of 18.56, a PEG ratio of 1.90 and a beta of 1.43. The stock’s fifty day simple moving average is $54.35 and its two-hundred day simple moving average is $52.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 2.23. Barnes Group Inc. has a twelve month low of $42.39 and a twelve month high of $62.19.

Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, October 25th. The industrial products company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The company had revenue of $372.60 million during the quarter, compared to analyst estimates of $377.42 million. Barnes Group had a net margin of 10.38% and a return on equity of 13.61%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. As a group, equities research analysts predict that Barnes Group Inc. will post 3.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, November 25th. This represents a $0.64 annualized dividend and a dividend yield of 1.07%. Barnes Group’s dividend payout ratio (DPR) is currently 19.88%.

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, automation, personal care, packaging, electronics, and medical devices.

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Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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