B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Barnes Group Inc. (NYSE:B) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,908 shares of the industrial products company’s stock, valued at approximately $2,057,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.08% of Barnes Group at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Barnes Group by 6.6% in the fourth quarter. BlackRock Inc. now owns 7,210,512 shares of the industrial products company’s stock valued at $365,501,000 after buying an additional 446,909 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Barnes Group by 20.7% in the fourth quarter. Victory Capital Management Inc. now owns 758,042 shares of the industrial products company’s stock valued at $38,425,000 after buying an additional 130,172 shares in the last quarter. Norges Bank bought a new position in shares of Barnes Group in the fourth quarter valued at $36,277,000. Bank of New York Mellon Corp increased its holdings in shares of Barnes Group by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 646,341 shares of the industrial products company’s stock valued at $32,763,000 after buying an additional 39,176 shares in the last quarter. Finally, Aristotle Capital Boston LLC increased its holdings in shares of Barnes Group by 28.7% in the fourth quarter. Aristotle Capital Boston LLC now owns 631,330 shares of the industrial products company’s stock valued at $32,002,000 after buying an additional 140,782 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Barnes Group stock opened at $50.28 on Thursday. Barnes Group Inc. has a 1 year low of $30.71 and a 1 year high of $57.64. The stock has a 50-day moving average price of $52.61 and a 200 day moving average price of $47.70. The company has a current ratio of 2.05, a quick ratio of 1.27 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.55 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.77 and a beta of 1.28.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Thursday, February 25th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, February 24th. Barnes Group’s dividend payout ratio (DPR) is presently 19.94%.
A number of analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Barnes Group from $9.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, January 27th. TheStreet raised Barnes Group from a “c+” rating to a “b-” rating in a research note on Tuesday, March 16th. Finally, DA Davidson increased their price objective on Barnes Group from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, February 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $42.00.
About Barnes Group
Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
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