Parametric Portfolio Associates LLC Has $11.10 Million Position in Barnes Group, Inc. (B)

Parametric Portfolio Associates LLC decreased its position in shares of Barnes Group, Inc. (NYSE:B) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,677 shares of the industrial products company’s stock after selling 13,860 shares during the period. Parametric Portfolio Associates LLC owned 0.35% of Barnes Group worth $11,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of B. Pacad Investment Ltd. raised its holdings 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 worth $105,000 after buying an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Barnes Group in the second quarter worth $109,000. LS Investment Advisors LLC raised its holdings 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 worth $114,000 after buying an additional 85 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $122,000 after buying an additional 188 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Barnes Group by 16.0% in the second quarter. Acrospire Investment Management LLC now owns 2,178 shares of the industrial products company’s stock worth $127,000 after buying an additional 300 shares during the last quarter. 85.08% of the stock is owned by institutional investors.

In other news, VP Marian Acker sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total transaction of $362,280.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas O. Barnes sold 2,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $59.93, for a total transaction of $119,860.00. The disclosure for this sale can be found here. Insiders sold a total of 8,755 shares of company stock worth $528,361 over the last three months. 8.50% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. increased their price objective on shares of Barnes Group from $58.00 to $67.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. BidaskClub lowered shares of Barnes Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. ValuEngine lowered shares of Barnes Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Deutsche Bank AG increased their price objective on shares of Barnes Group from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Barnes Group presently has a consensus rating of “Buy” and an average target price of $63.00.

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Shares of Barnes Group, Inc. (NYSE:B) opened at 70.49 on Thursday. The company’s 50-day moving average is $66.35 and its 200 day moving average is $59.09. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 24.65 and a beta of 1.45. Barnes Group, Inc. has a 52-week low of $37.88 and a 52-week high of $72.28.

Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, July 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $364.49 million for the quarter, compared to analysts’ expectations of $337.69 million. Barnes Group had a net margin of 11.69% and a return on equity of 13.02%. Barnes Group’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. On average, analysts expect that Barnes Group, Inc. will post $2.90 earnings per share for the current fiscal year.

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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