Barnes Group Inc. (NYSE:B) Shares Acquired by Diversified Trust Co

Share on StockTwits

Diversified Trust Co lifted its position in shares of Barnes Group Inc. (NYSE:B) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,400 shares of the industrial products company’s stock after acquiring an additional 425 shares during the quarter. Diversified Trust Co’s holdings in Barnes Group were worth $330,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Barnes Group by 1.7% during the second quarter. BlackRock Inc. now owns 7,047,330 shares of the industrial products company’s stock worth $397,045,000 after acquiring an additional 114,410 shares during the period. Champlain Investment Partners LLC boosted its holdings in Barnes Group by 50.4% during the first quarter. Champlain Investment Partners LLC now owns 1,276,260 shares of the industrial products company’s stock worth $65,613,000 after buying an additional 427,895 shares in the last quarter. Northern Trust Corp boosted its holdings in Barnes Group by 1.3% during the second quarter. Northern Trust Corp now owns 923,394 shares of the industrial products company’s stock worth $52,024,000 after buying an additional 11,999 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Barnes Group by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 665,301 shares of the industrial products company’s stock worth $37,483,000 after buying an additional 6,030 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Barnes Group by 8.8% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 491,623 shares of the industrial products company’s stock worth $27,583,000 after buying an additional 39,914 shares in the last quarter. Institutional investors and hedge funds own 85.83% of the company’s stock.

Shares of NYSE B opened at $49.51 on Friday. Barnes Group Inc. has a 12-month low of $42.39 and a 12-month high of $64.14. The company has a market capitalization of $2.45 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 2.20 and a beta of 1.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.13 and a quick ratio of 1.43. The firm’s 50-day moving average is $49.19 and its two-hundred day moving average is $52.05.

Barnes Group (NYSE:B) last announced its quarterly earnings results on Friday, July 26th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.03). Barnes Group had a net margin of 9.95% and a return on equity of 13.20%. The business had revenue of $371.70 million during the quarter, compared to analysts’ expectations of $387.29 million. During the same period last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts forecast that Barnes Group Inc. will post 3.14 EPS for the current fiscal year.

B has been the topic of a number of research analyst reports. ValuEngine raised shares of Barnes Group from a “sell” rating to a “hold” rating in a report on Saturday, September 14th. SunTrust Banks downgraded shares of Barnes Group from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $53.00 to $48.00 in a report on Friday, June 14th. Zacks Investment Research downgraded shares of Barnes Group from a “hold” rating to a “sell” rating and set a $55.00 price objective on the stock. in a report on Thursday, August 1st. Finally, UBS Group decreased their price objective on shares of Barnes Group from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.40.

In related news, Director Mylle H. Mangum sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $51.89, for a total transaction of $51,890.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Marian Acker sold 2,274 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $45.43, for a total transaction of $103,307.82. The disclosure for this sale can be found here. Insiders sold 8,757 shares of company stock worth $445,632 in the last ninety days. Insiders own 8.35% of the company’s stock.

Barnes Group Profile

Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

Further Reading: How Do Investors Open a Backdoor Roth IRA?

Want to see what other hedge funds are holding B? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes Group Inc. (NYSE:B).

Institutional Ownership by Quarter for Barnes Group (NYSE:B)

Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Continental  Given a €133.00 Price Target by Jefferies Financial Group Analysts
Continental Given a €133.00 Price Target by Jefferies Financial Group Analysts
BK IRELAND GRP/ADR   Shares Down 3.1%
BK IRELAND GRP/ADR Shares Down 3.1%
iShares Global Green Bond ETF  Stock Price Up 0.3%
iShares Global Green Bond ETF Stock Price Up 0.3%
REVERE BK LAURE/SH SH   Shares Down 0.7%
REVERE BK LAURE/SH SH Shares Down 0.7%
Hartford Schroders Tax-Aware Bond ETF  Trading 0.1% Higher
Hartford Schroders Tax-Aware Bond ETF Trading 0.1% Higher
BIONDVAX PHARMA/S  Sees Large Drop in Short Interest
BIONDVAX PHARMA/S Sees Large Drop in Short Interest


© 2006-2019 Ticker Report