Advisor Group Inc. Has $238,000 Position in Barnes Group, Inc. (B)
Advisor Group Inc. lifted its holdings in Barnes Group, Inc. (NYSE:B) by 162.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,383 shares of the industrial products company’s stock after purchasing an additional 2,096 shares during the period. Advisor Group Inc.’s holdings in Barnes Group were worth $238,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its stake in shares of Barnes Group by 4,461.8% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 1,517 shares during the last quarter. Pacad Investment Ltd. lifted its stake in shares of 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 last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Barnes Group in the 2nd quarter valued at $109,000. LS Investment Advisors LLC lifted its stake in shares of Barnes Group by 4.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 85 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 last quarter. 85.97% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on B shares. SunTrust Banks reissued a “hold” rating and set a $60.00 target price on shares of Barnes Group in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Deutsche Bank boosted their target price on shares of Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. 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, ValuEngine raised shares of Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $65.60.
In related news, SVP Christopher J. Stephens sold 15,700 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total value of $997,421.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas O. Barnes sold 1,500 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $66.36, for a total transaction of $99,540.00. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.
Barnes Group, Inc. (NYSE:B) opened at $65.74 on Wednesday. Barnes Group, Inc. has a twelve month low of $45.47 and a twelve month high of $72.87. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3,466.46, a PE ratio of 22.69, a PEG ratio of 2.26 and a beta of 1.37.
Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $357.16 million for the quarter, compared to the consensus estimate of $351.01 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. equities research analysts forecast that Barnes Group, Inc. will post 2.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.56 annualized dividend and a dividend yield of 0.85%. Barnes Group’s payout ratio is 19.72%.
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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.
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