Eagle Boston Investment Management Inc. lowered its position in shares of Barnes Group, Inc. (NYSE:B) by 32.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,130 shares of the industrial products company’s stock after selling 90,424 shares during the period. Barnes Group comprises approximately 1.2% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 27th largest position. Eagle Boston Investment Management Inc. owned approximately 0.35% of Barnes Group worth $10,952,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of B. Alps Advisors Inc. increased its position in shares of Barnes Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,638 shares of the industrial products company’s stock worth $564,000 after buying an additional 25 shares during the period. Miles Capital Inc. boosted its stake in shares of Barnes Group by 1.7% in the first quarter. Miles Capital Inc. now owns 4,389 shares of the industrial products company’s stock worth $225,000 after buying an additional 74 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Barnes Group by 1.0% in the second quarter. Bank of Montreal Can now owns 8,204 shares of the industrial products company’s stock worth $480,000 after buying an additional 81 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Barnes Group by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock worth $114,000 after buying an additional 85 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Barnes Group by 0.5% in the second quarter. Jennison Associates LLC now owns 19,427 shares of the industrial products company’s stock worth $1,137,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

Barnes Group, Inc. (NYSE B) traded up 0.40% during midday trading on Thursday, reaching $62.01. The company had a trading volume of 40,379 shares. The stock’s 50 day moving average is $60.11 and its 200 day moving average is $55.11. Barnes Group, Inc. has a one year low of $37.88 and a one year high of $62.37. The company has a market capitalization of $3.34 billion, a PE ratio of 21.68 and a beta of 1.43.

Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. The firm had revenue of $364.49 million for the quarter, compared to analysts’ expectations of $337.69 million. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. The business’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. Equities research analysts forecast that Barnes Group, Inc. will post $2.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 24th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Tuesday, August 22nd. Barnes Group’s dividend payout ratio is currently 19.58%.

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A number of analysts have weighed in on B shares. Oppenheimer Holdings, Inc. boosted their price target on Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. BidaskClub upgraded Barnes Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Jefferies Group LLC restated a “buy” rating and set a $66.00 price target on shares of Barnes Group in a research note on Thursday, June 8th. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Finally, ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Barnes Group currently has a consensus rating of “Buy” and an average target price of $58.20.

In related news, VP Marian Acker sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total transaction of $362,280.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas O. Barnes sold 2,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $59.93, for a total transaction of $119,860.00. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

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.

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

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