Crossmark Global Holdings Inc. Raises Position in Barnes Group Inc. (B)

Crossmark Global Holdings Inc. increased its stake in shares of Barnes Group Inc. (NYSE:B) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,796 shares of the industrial products company’s stock after purchasing an additional 1,008 shares during the period. Crossmark Global Holdings Inc.’s holdings in Barnes Group were worth $683,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of B. Wasatch Advisors Inc. raised its position in shares of Barnes Group by 60.9% during the 4th quarter. Wasatch Advisors Inc. now owns 2,063,298 shares of the industrial products company’s stock worth $130,545,000 after purchasing an additional 781,002 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Barnes Group by 7.4% in the 3rd quarter. Macquarie Group Ltd. now owns 1,795,260 shares of the industrial products company’s stock valued at $126,458,000 after acquiring an additional 124,314 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Barnes Group in the 3rd quarter valued at $6,274,000. American Century Companies Inc. raised its holdings in Barnes Group by 34.8% in the 3rd quarter. American Century Companies Inc. now owns 233,185 shares of the industrial products company’s stock valued at $16,426,000 after acquiring an additional 60,156 shares during the last quarter. Finally, State Street Corp raised its holdings in Barnes Group by 3.8% in the 2nd quarter. State Street Corp now owns 1,288,147 shares of the industrial products company’s stock valued at $75,394,000 after acquiring an additional 47,590 shares during the last quarter. Hedge funds and other institutional investors own 85.99% of the company’s stock.

Several research analysts have weighed in on B shares. Zacks Investment Research upgraded Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Wednesday, January 10th. Robert W. Baird reiterated a “hold” rating and issued a $65.00 price target on shares of Barnes Group in a report on Sunday, October 29th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, SunTrust Banks reiterated a “hold” rating and issued a $67.00 price target on shares of Barnes Group in a report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $68.17.

Shares of Barnes Group Inc. (B) opened at $63.95 on Monday. The company has a market capitalization of $3,428.40, a price-to-earnings ratio of 22.13, a PEG ratio of 2.11 and a beta of 1.32. The company has a current ratio of 2.43, a quick ratio of 1.67 and a debt-to-equity ratio of 0.42. Barnes Group Inc. has a twelve month low of $48.21 and a twelve month high of $72.87.

Barnes Group (NYSE:B) last released its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $373.00 million during the quarter, compared to the consensus estimate of $357.77 million. Barnes Group had a return on equity of 12.36% and a net margin of 4.15%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. research analysts predict that Barnes Group Inc. will post 3.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. Barnes Group’s payout ratio is 52.34%.

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Barnes Group Profile

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

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

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