Dimensional Fund Advisors LP Increases Stock Position in Barnes Group Inc. (NYSE:B)

Dimensional Fund Advisors LP lifted its holdings in shares of Barnes Group Inc. (NYSE:B) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,587,611 shares of the industrial products company’s stock after buying an additional 60,152 shares during the quarter. Dimensional Fund Advisors LP owned about 7.08% of Barnes Group worth $148,565,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in Barnes Group by 418.3% during the 4th quarter. Parallel Advisors LLC now owns 1,218 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 983 shares during the period. EntryPoint Capital LLC bought a new stake in Barnes Group during the 1st quarter worth approximately $107,000. TFO Wealth Partners LLC increased its holdings in Barnes Group by 57,362.5% during the 4th quarter. TFO Wealth Partners LLC now owns 4,597 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 4,589 shares during the period. SG Americas Securities LLC bought a new stake in Barnes Group during the 1st quarter worth approximately $208,000. Finally, QRG Capital Management Inc. bought a new stake in Barnes Group during the 1st quarter worth approximately $217,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Barnes Group from $34.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, July 29th. DA Davidson increased their price target on shares of Barnes Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Oppenheimer increased their price target on shares of Barnes Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, June 14th.

Barnes Group Price Performance

Shares of Barnes Group stock opened at $39.45 on Friday. Barnes Group Inc. has a 52-week low of $18.79 and a 52-week high of $45.24. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 438.33, a price-to-earnings-growth ratio of 2.14 and a beta of 1.39. The company has a fifty day moving average of $39.14 and a 200-day moving average of $38.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.33 and a current ratio of 2.24.

Barnes Group (NYSE:B) last announced its quarterly earnings data on Friday, July 26th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Barnes Group had a negative net margin of 3.74% and a positive return on equity of 5.21%. The business had revenue of $382.23 million during the quarter, compared to analysts’ expectations of $398.80 million. Equities research analysts expect that Barnes Group Inc. will post 1.62 EPS for the current year.

Barnes Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd were paid a $0.16 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.62%. Barnes Group’s dividend payout ratio (DPR) is 711.11%.

About Barnes Group

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.