UBS Group assumed coverage on shares of Barnes Group (NYSE:B) in a research note released on Wednesday, www.benzinga.com reports. The brokerage issued a buy rating and a $80.00 price objective on the industrial products company’s stock.

A number of other equities analysts have also commented on B. Zacks Investment Research lowered Barnes Group from a buy rating to a hold rating in a research note on Wednesday, April 18th. ValuEngine lowered Barnes Group from a buy rating to a hold rating in a research note on Friday, April 27th. DA Davidson initiated coverage on Barnes Group in a research note on Friday, May 18th. They set a neutral rating and a $63.00 price objective on the stock. SunTrust Banks restated a hold rating and set a $63.00 price objective on shares of Barnes Group in a research note on Friday, July 27th. Finally, Robert W. Baird raised their price objective on Barnes Group from $58.00 to $68.00 and gave the stock a neutral rating in a research note on Friday, July 27th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Barnes Group has an average rating of Buy and a consensus price target of $70.33.

NYSE:B opened at $67.58 on Wednesday. The company has a market cap of $3.39 billion, a P/E ratio of 23.47, a PEG ratio of 5.07 and a beta of 1.37. 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 has a 1-year low of $52.42 and a 1-year high of $72.87.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Tuesday, August 28th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, August 27th. This represents a $0.64 dividend on an annualized basis and a yield of 0.95%. Barnes Group’s dividend payout ratio (DPR) is presently 22.22%.

A number of institutional investors have recently bought and sold shares of B. Guggenheim Capital LLC bought a new position in shares of Barnes Group in the 4th quarter valued at $1,077,000. Millennium Management LLC increased its stake in shares of Barnes Group by 283.0% in the 4th quarter. Millennium Management LLC now owns 31,607 shares of the industrial products company’s stock valued at $2,000,000 after purchasing an additional 23,354 shares during the last quarter. Wasatch Advisors Inc. increased its stake in shares of Barnes Group by 5.3% in the 1st quarter. Wasatch Advisors Inc. now owns 2,173,091 shares of the industrial products company’s stock valued at $130,146,000 after purchasing an additional 109,793 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Barnes Group by 3.0% in 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 purchasing an additional 4,504 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Barnes Group by 1.7% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 406,220 shares of the industrial products company’s stock valued at $24,329,000 after purchasing an additional 6,714 shares during the last quarter. Hedge funds and other institutional investors own 89.91% 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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