JPMorgan Chase & Co. Has $3.73 Million Stock Holdings in Barnes Group Inc. (NYSE:B)

JPMorgan Chase & Co. grew its position in Barnes Group Inc. (NYSE:B) by 15.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,185 shares of the industrial products company’s stock after buying an additional 12,156 shares during the period. JPMorgan Chase & Co. owned approximately 0.18% of Barnes Group worth $3,725,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in B. Dimensional Fund Advisors LP lifted its stake in Barnes Group by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company’s stock valued at $148,565,000 after buying an additional 60,152 shares in the last quarter. Mason Capital Management LLC lifted its position in Barnes Group by 32.9% in the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company’s stock valued at $43,484,000 after acquiring an additional 259,957 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Barnes Group in the 2nd quarter worth $32,576,000. Simcoe Capital Management LLC bought a new position in Barnes Group during the 3rd quarter worth about $24,469,000. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Barnes Group by 9.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock valued at $22,148,000 after purchasing an additional 47,821 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Trading Up 0.0 %

Shares of B stock opened at $47.32 on Friday. The stock has a market cap of $2.41 billion, a P/E ratio of -61.45 and a beta of 1.32. Barnes Group Inc. has a 1 year low of $30.18 and a 1 year high of $47.43. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $47.04 and a 200 day simple moving average of $43.38.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on B shares. Truist Financial lifted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a report on Tuesday, October 8th. DA Davidson reiterated a “neutral” rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, StockNews.com initiated coverage on shares of Barnes Group in a research note on Monday, January 13th. They set a “sell” rating for the company.

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.