Invictus RG Grows Position in Barnes Group, Inc. (B)

Invictus RG boosted its holdings in shares of Barnes Group, Inc. (NYSE:B) by 90.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,963 shares of the industrial products company’s stock after purchasing an additional 5,667 shares during the quarter. Barnes Group comprises about 0.8% of Invictus RG’s investment portfolio, making the stock its 6th largest position. Invictus RG’s holdings in Barnes Group were worth $843,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Pacad Investment Ltd. raised its stake in shares of Barnes Group by 5.9% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 100 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Barnes Group in the second quarter valued at $109,000. YorkBridge Wealth Partners LLC raised its stake in shares of Barnes Group by 4,461.8% in the third quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 1,517 shares during the period. LS Investment Advisors LLC raised its stake in shares of Barnes Group by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 85 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Barnes Group by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the industrial products company’s stock valued at $122,000 after acquiring an additional 188 shares during the period. 86.16% of the stock is currently owned by institutional investors.

In other news, Director Thomas O. Barnes sold 1,500 shares of Barnes Group stock in a transaction that occurred on Friday, November 3rd. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher J. Stephens sold 15,700 shares of Barnes Group stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $63.53, for a total transaction of $997,421.00. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

Shares of Barnes Group, Inc. (B) opened at $64.92 on Monday. Barnes Group, Inc. has a 1-year low of $45.47 and a 1-year high of $72.87. The firm has a market cap of $3,480.40, a PE ratio of 22.78, a PEG ratio of 2.27 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.20 and a quick ratio of 1.45.

Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The firm had revenue of $357.16 million during the quarter, compared to the consensus estimate of $351.01 million. Barnes Group had a net margin of 11.20% and a return on equity of 12.44%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. sell-side analysts predict that Barnes Group, Inc. will post 2.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Tuesday, November 21st. Barnes Group’s dividend payout ratio (DPR) is presently 19.72%.

Several research analysts recently commented on the stock. ValuEngine downgraded shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $60.00 price target on shares of Barnes Group in a research note on Thursday, October 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $65.00 price target on shares of Barnes Group in a research note on Sunday, October 29th. Zacks Investment Research cut shares of Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Deutsche Bank increased their target price on shares of Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $65.60.

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

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