Barnes Group Inc. (NYSE:B) has received a consensus rating of “Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $67.00.

Several analysts recently commented on B shares. Zacks Investment Research cut shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $65.00 price target on shares of Barnes Group in a report on Sunday, October 29th. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, SunTrust Banks restated a “hold” rating and set a $67.00 price target on shares of Barnes Group in a report on Tuesday, January 9th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC lifted its stake in shares of Barnes Group by 4,461.8% in the third quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock worth $109,000 after buying an additional 1,517 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Barnes Group by 156.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,202 shares of the industrial products company’s stock worth $156,000 after buying an additional 1,342 shares during the last quarter. Visionary Asset Management Inc. acquired a new stake in shares of Barnes Group in the third quarter worth $216,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Barnes Group by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,095 shares of the industrial products company’s stock worth $196,000 after buying an additional 1,003 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Barnes Group by 2,284.0% in the fourth quarter. Bessemer Group Inc. now owns 3,123 shares of the industrial products company’s stock worth $198,000 after buying an additional 2,992 shares during the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

Shares of Barnes Group (NYSE B) opened at $59.80 on Friday. 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 company has a market cap of $3,282.57, a P/E ratio of 21.06, a P/E/G ratio of 2.02 and a beta of 1.32. Barnes Group has a fifty-two week low of $47.86 and a fifty-two week high of $72.87.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.94%. Barnes Group’s dividend payout ratio is currently 19.72%.

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About Barnes Group

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.

Analyst Recommendations for Barnes Group (NYSE:B)

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