Barnes Group Inc. (NYSE:B) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in Barnes Group Inc. (NYSE:B - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,473 shares of the industrial products company's stock after purchasing an additional 31,982 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.19% of Barnes Group worth $3,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Barnes Group by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 708,734 shares of the industrial products company's stock worth $24,076,000 after buying an additional 1,982 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in Barnes Group by 1.4% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 494,517 shares of the industrial products company's stock valued at $16,136,000 after purchasing an additional 7,048 shares during the last quarter. Invesco Ltd. lifted its holdings in Barnes Group by 29.6% in the 3rd quarter. Invesco Ltd. now owns 383,403 shares of the industrial products company's stock worth $13,024,000 after buying an additional 87,472 shares during the period. First Eagle Investment Management LLC grew its position in shares of Barnes Group by 49.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 314,344 shares of the industrial products company's stock worth $10,678,000 after buying an additional 104,198 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. increased its stake in shares of Barnes Group by 3.8% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 259,548 shares of the industrial products company's stock valued at $8,817,000 after buying an additional 9,472 shares during the period. 90.82% of the stock is owned by institutional investors.

Barnes Group Stock Down 4.0 %

Barnes Group stock traded down $1.44 on Friday, hitting $34.47. 343,334 shares of the stock traded hands, compared to its average volume of 255,937. The business's fifty day simple moving average is $36.06 and its 200 day simple moving average is $31.96. The firm has a market cap of $1.75 billion, a P/E ratio of 383.00, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. The company has a current ratio of 2.29, a quick ratio of 1.37 and a debt-to-equity ratio of 0.94. Barnes Group Inc. has a 1 year low of $18.79 and a 1 year high of $43.65.

Barnes Group (NYSE:B - Get Free Report) last issued its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.06. The company had revenue of $415.50 million during the quarter, compared to analysts' expectations of $420.47 million. Barnes Group had a net margin of 1.10% and a return on equity of 6.20%. Barnes Group's revenue was up 32.5% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. As a group, sell-side analysts forecast that Barnes Group Inc. will post 1.69 earnings per share for the current year.

Barnes Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 22nd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, February 21st. Barnes Group's dividend payout ratio (DPR) is presently 711.11%.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com raised Barnes Group from a "sell" rating to a "hold" rating in a research note on Monday, February 19th. DA Davidson raised shares of Barnes Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $35.00 to $45.00 in a research note on Thursday, April 18th. Oppenheimer increased their price target on shares of Barnes Group from $36.00 to $43.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Finally, Truist Financial lifted their price objective on Barnes Group from $23.00 to $34.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th.

Barnes Group Company 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.