D.A. Davidson & CO. lifted its holdings in Barnes Group Inc. (NYSE:B) by 40.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,197 shares of the industrial products company’s stock after purchasing an additional 1,199 shares during the quarter. D.A. Davidson & CO.’s holdings in Barnes Group were worth $266,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of B. State Street Corp boosted its stake in shares of Barnes Group by 3.8% in the second quarter. State Street Corp now owns 1,288,147 shares of the industrial products company’s stock valued at $75,394,000 after buying an additional 47,590 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Barnes Group in the third quarter valued at approximately $2,888,000. Strs Ohio boosted its stake in shares of Barnes Group by 28.0% in the third quarter. Strs Ohio now owns 6,400 shares of the industrial products company’s stock valued at $450,000 after buying an additional 1,400 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Barnes Group by 4.4% in the third quarter. Nationwide Fund Advisors now owns 313,220 shares of the industrial products company’s stock valued at $22,063,000 after buying an additional 13,308 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Barnes Group by 8.5% in the third quarter. Aperio Group LLC now owns 24,822 shares of the industrial products company’s stock valued at $1,748,000 after buying an additional 1,942 shares in the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.
In related news, Director Richard J. Hipple purchased 1,300 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was bought at an average cost of $62.06 per share, with a total value of $80,678.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Marian Acker sold 7,860 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $63.12, for a total value of $496,123.20. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.
Barnes Group Inc. (NYSE B) opened at $63.69 on Monday. The stock has a market capitalization of $3,390.50, a price-to-earnings ratio of 22.04, a P/E/G ratio of 2.08 and a beta of 1.32. Barnes Group Inc. has a 1-year low of $48.21 and a 1-year high of $72.87. The company has a current ratio of 2.43, a quick ratio of 1.67 and a debt-to-equity ratio of 0.42.
Barnes Group (NYSE:B) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. The firm had revenue of $373.00 million during the quarter, compared to analysts’ expectations of $357.77 million. Barnes Group had a return on equity of 12.36% and a net margin of 4.15%. Barnes Group’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. analysts predict that Barnes Group Inc. will post 3.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. Barnes Group’s dividend payout ratio (DPR) is 52.34%.
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Barnes Group 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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