Barnes Group, Inc. (NYSE:B) Director Thomas O. Barnes sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $59.93, for a total value of $119,860.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Thomas O. Barnes also recently made the following trade(s):

  • On Thursday, May 25th, Thomas O. Barnes sold 1,000 shares of Barnes Group stock. The shares were sold at an average price of $56.06, for a total value of $56,060.00.

Shares of Barnes Group, Inc. (NYSE B) traded up 2.39% during midday trading on Monday, hitting $60.08. The company’s stock had a trading volume of 192,339 shares. Barnes Group, Inc. has a 52-week low of $37.88 and a 52-week high of $62.37. The firm has a market cap of $3.23 billion, a P/E ratio of 21.01 and a beta of 1.43. The stock’s 50 day moving average is $59.69 and its 200-day moving average is $54.25.

Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $364.49 million during the quarter, compared to analyst estimates of $337.69 million. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. Equities analysts predict that Barnes Group, Inc. will post $2.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.95%. Barnes Group’s dividend payout ratio (DPR) is currently 19.58%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Tyers Asset Management LLC raised its position in shares of Barnes Group by 0.7% in the first quarter. Tyers Asset Management LLC now owns 33,066 shares of the industrial products company’s stock valued at $1,697,000 after buying an additional 220 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Barnes Group by 6.2% in the first quarter. Great West Life Assurance Co. Can now owns 70,811 shares of the industrial products company’s stock valued at $3,632,000 after buying an additional 4,158 shares during the period. Jennison Associates LLC raised its position in shares of Barnes Group by 0.5% in the first quarter. Jennison Associates LLC now owns 19,338 shares of the industrial products company’s stock valued at $993,000 after buying an additional 99 shares during the period. Wells Fargo & Company MN raised its position in shares of Barnes Group by 20.9% in the first quarter. Wells Fargo & Company MN now owns 156,307 shares of the industrial products company’s stock valued at $8,025,000 after buying an additional 26,992 shares during the period. Finally, Dubuque Bank & Trust Co. bought a new position in shares of Barnes Group during the first quarter valued at about $216,000. Institutional investors own 83.53% of the company’s stock.

Several analysts have issued reports on B shares. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 target price on shares of Barnes Group in a research note on Tuesday, May 2nd. Sidoti lowered Barnes Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. increased their target price on Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $58.20.

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.

Insider Buying and Selling by Quarter for Barnes Group (NYSE:B)

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