Barnes Group, Inc. (NYSE:B) declared a quarterly dividend on Friday, October 20th, RTT News reports. Shareholders of record on Wednesday, November 22nd will be given a dividend of 0.14 per share by the industrial products company on Friday, December 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.78%.

Barnes Group has raised its dividend payment by an average of 6.7% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Barnes Group has a payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Barnes Group to earn $3.08 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 18.2%.

Barnes Group (B) opened at 71.40 on Friday. Barnes Group has a 52 week low of $37.95 and a 52 week high of $73.84. The stock has a market cap of $3.84 billion, a P/E ratio of 24.97 and a beta of 1.45. The stock has a 50 day moving average price of $68.25 and a 200-day moving average price of $59.95.

Barnes Group (NYSE:B) last posted its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. The firm had revenue of $364.49 million for the quarter, compared to analysts’ expectations of $337.69 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, equities analysts anticipate that Barnes Group will post $2.90 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of Barnes Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Oppenheimer Holdings, Inc. increased their price target on shares of Barnes Group from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “hold” rating and set a $60.00 price target on shares of Barnes Group in a report on Thursday, October 12th. Finally, Deutsche Bank AG increased their price target on shares of Barnes Group from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 8th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $65.75.

In related news, VP Marian Acker sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total value of $362,280.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas O. Barnes sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was 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. In the last quarter, insiders have sold 8,755 shares of company stock worth $528,361. Corporate insiders own 8.50% of the company’s stock.

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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.

Dividend History for Barnes Group (NYSE:B)

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