Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Barnes Group Inc. (NYSE:B – Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,544 shares of the industrial products company’s stock after selling 576 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.11% of Barnes Group worth $2,157,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of B. Advisor Group Holdings Inc. boosted its stake in shares of Barnes Group by 15.0% in the first quarter. Advisor Group Holdings Inc. now owns 4,191 shares of the industrial products company’s stock worth $168,000 after acquiring an additional 546 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Barnes Group by 51.3% in the first quarter. JPMorgan Chase & Co. now owns 178,508 shares of the industrial products company’s stock worth $7,174,000 after acquiring an additional 60,512 shares during the period. Raymond James & Associates boosted its stake in shares of Barnes Group by 17.3% in the first quarter. Raymond James & Associates now owns 83,915 shares of the industrial products company’s stock worth $3,373,000 after acquiring an additional 12,391 shares during the period. US Bancorp DE boosted its stake in shares of Barnes Group by 10.4% in the first quarter. US Bancorp DE now owns 10,617 shares of the industrial products company’s stock worth $427,000 after acquiring an additional 1,001 shares during the period. Finally, Citigroup Inc. boosted its stake in Barnes Group by 11.0% during the first quarter. Citigroup Inc. now owns 40,453 shares of the industrial products company’s stock valued at $1,626,000 after buying an additional 4,021 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.
Barnes Group Price Performance
Shares of Barnes Group stock opened at $38.15 on Friday. The stock has a 50 day moving average of $40.69 and a 200 day moving average of $40.96. Barnes Group Inc. has a 12 month low of $27.93 and a 12 month high of $47.36. The firm has a market cap of $1.93 billion, a PE ratio of 31.02, a PEG ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.29, a quick ratio of 1.41 and a debt-to-equity ratio of 0.41.
Barnes Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.68%. Barnes Group’s dividend payout ratio (DPR) is presently 52.03%.
Analyst Ratings Changes
B has been the subject of a number of research reports. Truist Financial increased their price target on Barnes Group from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, July 21st. StockNews.com initiated coverage on Barnes Group in a research note on Thursday. They set a “buy” rating for the company.
Check Out Our Latest Research Report on Barnes Group
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 mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.
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