Barnes Group, Inc. (B) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. boosted its position in Barnes Group, Inc. (NYSE:B) by 30.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,800 shares of the industrial products company’s stock after acquiring an additional 7,200 shares during the quarter. TD Asset Management Inc. owned 0.06% of Barnes Group worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. YorkBridge Wealth Partners LLC lifted its stake in shares of Barnes Group by 4,461.8% during the third quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 1,517 shares in the last quarter. Pacad Investment Ltd. lifted its stake in shares of Barnes Group by 5.9% during the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Barnes Group during the second quarter worth about $109,000. LS Investment Advisors LLC increased its position in shares of Barnes Group by 4.6% during the second quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 85 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Barnes Group by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 86.16% of the company’s stock.

Shares of Barnes Group, Inc. (NYSE B) opened at $64.20 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.20 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3,441.83, a PE ratio of 22.53, a P/E/G ratio of 2.25 and a beta of 1.35. Barnes Group, Inc. has a fifty-two week low of $45.47 and a fifty-two week high of $72.87.

Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. equities analysts anticipate that Barnes Group, Inc. will post 2.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 22nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.87%. The ex-dividend date was Tuesday, November 21st. Barnes Group’s dividend payout ratio is currently 19.72%.

B has been the topic of a number of analyst reports. BidaskClub raised Barnes Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank lifted their target price on Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. SunTrust Banks reaffirmed a “hold” rating and set a $60.00 target price on shares of Barnes Group in a research report on Thursday, October 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $65.00 target price on shares of Barnes Group in a research report on Sunday, October 29th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Barnes Group currently has an average rating of “Buy” and a consensus target price of $65.60.

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

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About Barnes Group

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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