Barnes Group (NYSE:B) had its price objective hoisted by Oppenheimer from $75.00 to $82.00 in a report released on Tuesday morning, The Fly reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

Several other research firms also recently commented on B. SunTrust Banks reissued a hold rating and set a $63.00 price objective on shares of Barnes Group in a report on Friday, July 27th. Robert W. Baird increased their price objective on shares of Barnes Group from $58.00 to $68.00 and gave the company a neutral rating in a report on Friday, July 27th. UBS Group initiated coverage on shares of Barnes Group in a report on Wednesday, August 15th. They set a buy rating and a $80.00 price objective for the company. ValuEngine raised shares of Barnes Group from a hold rating to a buy rating in a report on Saturday, July 28th. Finally, Zacks Investment Research downgraded shares of Barnes Group from a hold rating to a sell rating in a report on Wednesday, June 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $72.33.

B opened at $71.88 on Tuesday. Barnes Group has a 52 week low of $52.42 and a 52 week high of $72.87. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 5.48 and a beta of 1.35. The company has a quick ratio of 1.55, a current ratio of 2.25 and a debt-to-equity ratio of 0.47.

Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, July 27th. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.75 by $0.15. Barnes Group had a net margin of 4.39% and a return on equity of 12.69%. The business had revenue of $375.32 million during the quarter, compared to the consensus estimate of $383.00 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue was up 3.0% on a year-over-year basis. sell-side analysts forecast that Barnes Group will post 3.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Tuesday, August 28th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, August 27th. Barnes Group’s dividend payout ratio is 22.22%.

Several hedge funds and other institutional investors have recently made changes to their positions in B. Wells Fargo & Company MN raised its position in shares of Barnes Group by 3.0% during the 1st quarter. Wells Fargo & Company MN now owns 154,710 shares of the industrial products company’s stock valued at $9,265,000 after buying an additional 4,504 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Barnes Group by 47.0% during the 1st quarter. SG Americas Securities LLC now owns 7,527 shares of the industrial products company’s stock valued at $451,000 after buying an additional 2,406 shares in the last quarter. Swiss National Bank raised its position in shares of Barnes Group by 2.2% during the 1st quarter. Swiss National Bank now owns 89,000 shares of the industrial products company’s stock valued at $5,330,000 after buying an additional 1,900 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Barnes Group by 9.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 346,279 shares of the industrial products company’s stock worth $20,739,000 after purchasing an additional 28,885 shares during the period. Finally, BlackRock Inc. raised its position in Barnes Group by 2.0% in the 1st quarter. BlackRock Inc. now owns 6,420,198 shares of the industrial products company’s stock worth $384,506,000 after purchasing an additional 128,092 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

About Barnes Group

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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Analyst Recommendations for Barnes Group (NYSE:B)

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