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Barnes Group (NYSE:B) CFO Christopher J. Stephens sold 10,074 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $34.78, for a total transaction of $350,373.72. Following the transaction, the chief financial officer now directly owns 125,577 shares in the company, valued at approximately $4,367,568. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on B. Analysts at Deutsche Bank downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. They now have a $40.00 price target on the stock, down previously from $46.00. Analysts at Jefferies Group cut their price target on shares of Barnes Group from $45.00 to $43.00 in a research note on Monday, July 28th.

Barnes Group (NYSE:B) traded down 0.20% on Thursday, hitting $34.72. 91,236 shares of the company’s stock traded hands. Barnes Group has a 52 week low of $31.22 and a 52 week high of $40.92. The stock’s 50-day moving average is $36.17 and its 200-day moving average is $37.57. The company has a market cap of $1.887 billion and a price-to-earnings ratio of 19.19.

Barnes Group (NYSE:B) last released its earnings data on Friday, July 25th. The company reported $0.59 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.59. The company had revenue of $322.00 million for the quarter, compared to the consensus estimate of $315.70 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. Analysts expect that Barnes Group will post $2.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, August 26th.

Barnes Group Inc (NYSE:B) is an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers.

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