Raymond James Financial Inc. Buys New Holdings in Barnes Group Inc. (NYSE:B)

Raymond James Financial Inc. purchased a new position in shares of Barnes Group Inc. (NYSE:B) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 57,513 shares of the industrial products company’s stock, valued at approximately $2,718,000. Raymond James Financial Inc. owned about 0.11% of Barnes Group at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Natixis Advisors LLC grew its position in shares of Barnes Group by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after buying an additional 323 shares during the last quarter. Intech Investment Management LLC grew its position in Barnes Group by 153.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,964 shares of the industrial products company’s stock valued at $686,000 after purchasing an additional 10,279 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Barnes Group during the third quarter valued at approximately $1,511,000. BNP Paribas Financial Markets lifted its holdings in shares of Barnes Group by 3.1% during the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 348 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Barnes Group by 25.6% in the third quarter. Glenmede Trust Co. NA now owns 7,430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 1,515 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barnes Group Price Performance

B opened at $47.48 on Friday. Barnes Group Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $47.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The firm’s fifty day moving average is $47.47 and its 200 day moving average is $46.05.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Barnes Group in a report on Wednesday. They issued a “sell” rating on the stock.

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.