Schwab Charles Investment Management Inc. grew its holdings in Barnes Group Inc. (NYSE:B) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 305,164 shares of the industrial products company’s stock after buying an additional 6,089 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.57% of Barnes Group worth $21,496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors Inc. raised its position in shares of Barnes Group by 112.1% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,282,296 shares of the industrial products company’s stock worth $90,325,000 after acquiring an additional 677,686 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Barnes Group in the 2nd quarter worth approximately $350,000. Macquarie Group Ltd. raised its position in shares of Barnes Group by 7.4% in the 3rd quarter. Macquarie Group Ltd. now owns 1,795,260 shares of the industrial products company’s stock worth $126,458,000 after acquiring an additional 124,314 shares in the last quarter. Northern Trust Corp raised its position in shares of Barnes Group by 6.3% in the 2nd quarter. Northern Trust Corp now owns 1,664,281 shares of the industrial products company’s stock worth $97,410,000 after acquiring an additional 98,189 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Barnes Group by 110.3% in the 2nd quarter. American Century Companies Inc. now owns 173,029 shares of the industrial products company’s stock worth $10,127,000 after acquiring an additional 90,742 shares in the last quarter. Institutional investors and hedge funds own 86.35% of the company’s stock.

In related news, SVP Christopher J. Stephens sold 15,700 shares of Barnes Group stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $63.53, for a total transaction of $997,421.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas O. Barnes sold 1,500 shares of Barnes Group stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $66.36, for a total value of $99,540.00. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Several research analysts have recently issued reports on the company. BidaskClub raised Barnes Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. ValuEngine lowered Barnes Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reissued a “hold” rating and issued a $65.00 target price on shares of Barnes Group in a research report on Sunday, October 29th. Deutsche Bank increased their target price on Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Finally, SunTrust Banks reissued a “hold” rating and issued a $60.00 target price on shares of Barnes Group in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.60.

Shares of Barnes Group Inc. (NYSE:B) opened at $63.35 on Friday. The company has a market capitalization of $3,396.52, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. Barnes Group Inc. has a fifty-two week low of $45.47 and a fifty-two week high of $72.87. The company has a quick ratio of 1.45, a current ratio of 2.20 and a debt-to-equity ratio of 0.37.

Barnes Group (NYSE:B) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). The business had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. Barnes Group had a return on equity of 12.44% and a net margin of 11.20%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. sell-side analysts expect that Barnes Group Inc. will post 2.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 22nd were paid a $0.14 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. Barnes Group’s dividend payout ratio (DPR) is currently 19.72%.

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Barnes Group 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.

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

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