Fisher Asset Management LLC Raises Holdings in Barnes Group Inc. (NYSE:B)

Fisher Asset Management LLC raised its position in shares of Barnes Group Inc. (NYSE:B) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 448,991 shares of the industrial products company’s stock after acquiring an additional 17,643 shares during the period. Fisher Asset Management LLC owned approximately 0.88% of Barnes Group worth $18,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in B. Vanguard Group Inc. increased its position in shares of Barnes Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 5,689,535 shares of the industrial products company’s stock worth $211,366,000 after acquiring an additional 206,351 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Barnes Group by 1.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 41,904 shares of the industrial products company’s stock valued at $1,555,000 after purchasing an additional 581 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Barnes Group by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,079 shares of the industrial products company’s stock valued at $1,192,000 after purchasing an additional 1,672 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Barnes Group by 4.1% during the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 240 shares in the last quarter. Finally, S. R. Schill & Associates purchased a new stake in shares of Barnes Group in the second quarter worth about $349,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on B shares. DA Davidson reissued a “neutral” rating and set a $47.50 price target (down from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. Truist Financial upped their target price on shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, StockNews.com started coverage on shares of Barnes Group in a research report on Tuesday. They issued a “sell” rating for the company.

Barnes Group Trading Up 0.0 %

B opened at $46.86 on Thursday. Barnes Group Inc. has a 12-month low of $25.75 and a 12-month high of $47.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The stock has a market capitalization of $2.39 billion, a PE ratio of -60.86, a P/E/G ratio of 3.37 and a beta of 1.35. The firm’s fifty day moving average price is $44.93 and its 200 day moving average price is $41.38.

Barnes Group Company Profile

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.