B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Barnes Group Inc. (NYSE:B) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 40,908 shares of the industrial products company’s stock, valued at approximately $2,057,000.
A number of other institutional investors and hedge funds have also modified their holdings of B. Aperio Group LLC raised its position in shares of Barnes Group by 1.1% during the fourth quarter. Aperio Group LLC now owns 21,134 shares of the industrial products company’s stock worth $1,071,000 after acquiring an additional 228 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Barnes Group by 4.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,744 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 280 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Barnes Group by 40.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,270 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 650 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Barnes Group during the third quarter worth $28,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Barnes Group by 3.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 27,944 shares of the industrial products company’s stock worth $1,416,000 after acquiring an additional 1,031 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.
Shares of Barnes Group stock opened at $50.28 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.05 and a debt-to-equity ratio of 0.54. Barnes Group Inc. has a 12 month low of $30.71 and a 12 month high of $57.64. The business has a fifty day simple moving average of $52.61 and a 200 day simple moving average of $47.70. The stock has a market cap of $2.55 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.77 and a beta of 1.28.
Barnes Group (NYSE:B) last posted its earnings results on Thursday, February 18th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Barnes Group had a return on equity of 8.63% and a net margin of 7.19%. The firm had revenue of $289.10 million during the quarter, compared to analysts’ expectations of $285.34 million. During the same period in the previous year, the firm earned $0.86 earnings per share. The company’s revenue was down 21.9% on a year-over-year basis. Analysts expect that Barnes Group Inc. will post 1.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Thursday, February 25th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, February 24th. This represents a $0.64 dividend on an annualized basis and a yield of 1.27%. Barnes Group’s payout ratio is 19.94%.
A number of research firms have recently weighed in on B. Wells Fargo & Company boosted their target price on Barnes Group from $9.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 27th. DA Davidson boosted their target price on Barnes Group from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, February 22nd. Finally, TheStreet upgraded Barnes Group from a “c+” rating to a “b-” rating in a research report on Tuesday, March 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Barnes Group currently has an average rating of “Hold” and a consensus price target of $42.00.
About Barnes Group
Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
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