Fisher Asset Management LLC Sells 6,961 Shares of Barnes Group Inc. (NYSE:B)

Fisher Asset Management LLC lowered its position in Barnes Group Inc. (NYSE:B) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369,348 shares of the industrial products company’s stock after selling 6,961 shares during the quarter. Fisher Asset Management LLC owned approximately 0.73% of Barnes Group worth $12,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank boosted its position in Barnes Group by 1.1% during the 3rd quarter. Swiss National Bank now owns 105,700 shares of the industrial products company’s stock valued at $3,591,000 after acquiring an additional 1,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Barnes Group by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 708,734 shares of the industrial products company’s stock valued at $24,076,000 after acquiring an additional 1,982 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Barnes Group by 5.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 64,491 shares of the industrial products company’s stock valued at $2,191,000 after acquiring an additional 3,606 shares in the last quarter. Invesco Ltd. boosted its position in Barnes Group by 29.6% during the 3rd quarter. Invesco Ltd. now owns 383,403 shares of the industrial products company’s stock valued at $13,024,000 after acquiring an additional 87,472 shares in the last quarter. Finally, Dark Forest Capital Management LP boosted its position in Barnes Group by 40.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 39,963 shares of the industrial products company’s stock valued at $1,358,000 after acquiring an additional 11,491 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer increased their target price on Barnes Group from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. DA Davidson increased their price objective on Barnes Group from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, June 13th.

Barnes Group Stock Performance

Shares of B opened at $39.56 on Thursday. Barnes Group Inc. has a 12 month low of $18.79 and a 12 month high of $43.65. The stock has a fifty day moving average price of $37.83 and a 200-day moving average price of $35.10. The company has a current ratio of 2.41, a quick ratio of 1.53 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2.01 billion, a PE ratio of 439.56, a P/E/G ratio of 2.31 and a beta of 1.40.

Barnes Group (NYSE:B) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $430.64 million during the quarter, compared to analyst estimates of $425.32 million. Barnes Group had a return on equity of 5.92% and a net margin of 0.31%. Equities research analysts predict that Barnes Group Inc. will post 1.73 earnings per share for the current fiscal year.

Barnes Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 29th were paid a $0.16 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.62%. Barnes Group’s dividend payout ratio (DPR) is 711.11%.

Barnes Group 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.