Northern Trust Corp Sells 49,122 Shares of Barnes Group Inc. (NYSE:B)

Northern Trust Corp cut its holdings in Barnes Group Inc. (NYSE:B - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 525,590 shares of the industrial products company's stock after selling 49,122 shares during the period. Northern Trust Corp owned about 1.03% of Barnes Group worth $24,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FIL Ltd raised its holdings in shares of Barnes Group by 322.6% in the fourth quarter. FIL Ltd now owns 2,039,135 shares of the industrial products company's stock valued at $96,370,000 after purchasing an additional 1,556,619 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Barnes Group by 18.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,536 shares of the industrial products company's stock worth $46,057,000 after buying an additional 153,612 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Barnes Group by 2.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company's stock worth $26,455,000 after buying an additional 11,684 shares during the last quarter. Invesco Ltd. increased its holdings in Barnes Group by 6.3% during the fourth quarter. Invesco Ltd. now owns 441,925 shares of the industrial products company's stock worth $20,885,000 after buying an additional 26,127 shares during the last quarter. Finally, Alpine Associates Management Inc. acquired a new position in Barnes Group during the fourth quarter worth $19,491,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Barnes Group in a report on Monday, May 5th. They set a "sell" rating on the stock.

Barnes Group Price Performance

Shares of B opened at $19.46 on Monday. Barnes Group Inc. has a 1-year low of $18.88 and a 1-year high of $47.50. The company has a market cap of $991.29 million, a price-to-earnings ratio of -25.27 and a beta of 1.32. The company's fifty day simple moving average is $46.92 and its 200 day simple moving average is $47.07. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87.

Barnes Group (NYSE:B - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Barnes Group had a negative net margin of 2.46% and a positive return on equity of 4.84%. During the same quarter last year, the company earned $0.19 earnings per share. The firm's revenue was up 13.9% compared to the same quarter last year. On average, research analysts forecast that Barnes Group Inc. will post 1.39 earnings per share for the current fiscal year.

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.

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