Barnes Group Inc. (NYSE:B) – Analysts at SunTrust Banks upped their FY2018 earnings estimates for Barnes Group in a research report issued on Monday. SunTrust Banks analyst M. Ciarmoli now anticipates that the industrial products company will post earnings of $3.30 per share for the year, up from their prior estimate of $3.01. SunTrust Banks currently has a “Hold” rating and a $67.00 target price on the stock. SunTrust Banks also issued estimates for Barnes Group’s FY2019 earnings at $3.71 EPS.

Barnes Group (NYSE:B) last posted its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). Barnes Group had a net margin of 11.20% and a return on equity of 12.44%. The business had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 14.6% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on B. Zacks Investment Research cut Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Robert W. Baird reissued a “hold” rating and set a $65.00 price objective on shares of Barnes Group in a report on Sunday, October 29th. Finally, ValuEngine lowered Barnes Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $67.00.

Shares of Barnes Group (NYSE B) traded up $0.63 during mid-day trading on Wednesday, reaching $66.07. The company had a trading volume of 177,500 shares, compared to its average volume of 239,250. The company has a market capitalization of $3,540.00, a PE ratio of 23.26, a P/E/G ratio of 2.14 and a beta of 1.35. Barnes Group has a 52-week low of $45.47 and a 52-week high of $72.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 2.20.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Barnes Group by 1.3% during the 2nd quarter. BlackRock Inc. now owns 6,147,376 shares of the industrial products company’s stock valued at $359,804,000 after acquiring an additional 77,829 shares during the period. Vanguard Group Inc. lifted its position in shares of Barnes Group by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,588,211 shares of the industrial products company’s stock valued at $268,548,000 after acquiring an additional 55,741 shares during the period. Macquarie Group Ltd. lifted its position in shares of Barnes Group by 7.4% during the 3rd quarter. Macquarie Group Ltd. now owns 1,795,260 shares of the industrial products company’s stock worth $126,458,000 after buying an additional 124,314 shares during the last quarter. Northern Trust Corp lifted its position in shares of Barnes Group by 6.3% during the 2nd quarter. Northern Trust Corp now owns 1,664,281 shares of the industrial products company’s stock worth $97,410,000 after buying an additional 98,189 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Barnes Group by 3.8% during the 2nd quarter. State Street Corp now owns 1,288,147 shares of the industrial products company’s stock worth $75,394,000 after buying an additional 47,590 shares during the last quarter. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

In other Barnes Group news, Director Thomas O. Barnes sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $66.36, for a total transaction of $99,540.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Christopher J. Stephens sold 15,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $63.53, for a total value of $997,421.00. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

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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.

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