Voya Investment Management LLC Has $11.85 Million Stock Holdings in Barnes Group Inc. (NYSE:B)

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Voya Investment Management LLC trimmed its position in Barnes Group Inc. (NYSE:B) by 34.5% during the third quarter, HoldingsChannel.com reports. The fund owned 230,018 shares of the industrial products company’s stock after selling 120,963 shares during the quarter. Voya Investment Management LLC’s holdings in Barnes Group were worth $11,854,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in B. Nuveen Asset Management LLC bought a new stake in Barnes Group during the second quarter worth $20,308,000. Invesco Ltd. lifted its position in shares of Barnes Group by 328.6% during the 2nd quarter. Invesco Ltd. now owns 333,945 shares of the industrial products company’s stock worth $18,814,000 after buying an additional 256,029 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Barnes Group by 108.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 228,520 shares of the industrial products company’s stock valued at $12,874,000 after buying an additional 118,657 shares in the last quarter. BlackRock Inc. boosted its stake in Barnes Group by 1.7% in the second quarter. BlackRock Inc. now owns 7,047,330 shares of the industrial products company’s stock valued at $397,045,000 after buying an additional 114,410 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Barnes Group by 43.8% in the second quarter. Morgan Stanley now owns 310,484 shares of the industrial products company’s stock valued at $17,492,000 after buying an additional 94,620 shares in the last quarter. 86.72% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Thomas O. Barnes sold 2,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $61.05, for a total value of $152,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hassell H. Mcclellan sold 1,500 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.15, for a total value of $90,225.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,256 shares of company stock worth $6,863,018. Company insiders own 8.35% of the company’s stock.

B has been the subject of several research analyst reports. Oppenheimer set a $65.00 target price on Barnes Group and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine upgraded shares of Barnes Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, SunTrust Banks reaffirmed a “sell” rating and set a $49.00 price target on shares of Barnes Group in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $58.00.

Shares of B opened at $58.89 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 2.23. Barnes Group Inc. has a 52 week low of $42.39 and a 52 week high of $62.19. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.86 and a beta of 1.43. The stock has a fifty day moving average of $58.16 and a 200-day moving average of $53.02.

Barnes Group (NYSE:B) last issued its earnings results on Friday, October 25th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.11. The business had revenue of $372.60 million during the quarter, compared to analysts’ expectations of $377.42 million. Barnes Group had a return on equity of 13.61% and a net margin of 10.38%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, equities analysts forecast that Barnes Group Inc. will post 3.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, November 25th. Barnes Group’s payout ratio is 19.88%.

Barnes Group Profile

Barnes Group Inc operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.

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Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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