Russell Investments Group Ltd. Purchases 84,695 Shares of Barnes Group Inc. (NYSE:B)

Russell Investments Group Ltd. grew its holdings in shares of Barnes Group Inc. (NYSE:B - Free Report) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 314,262 shares of the industrial products company's stock after purchasing an additional 84,695 shares during the period. Russell Investments Group Ltd. owned approximately 0.62% of Barnes Group worth $10,254,000 at the end of the most recent reporting period.

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

Barnes Group Stock Performance

Shares of B traded up $0.76 during mid-day trading on Monday, hitting $37.30. The company's stock had a trading volume of 129,159 shares, compared to its average volume of 318,546. Barnes Group Inc. has a one year low of $18.79 and a one year high of $43.65. The stock's 50-day moving average is $35.99 and its two-hundred day moving average is $32.04. The firm has a market capitalization of $1.89 billion, a PE ratio of 414.00, a price-to-earnings-growth ratio of 2.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.53 and a current ratio of 2.41.

Barnes Group (NYSE:B - Get Free Report) last posted its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. Barnes Group had a return on equity of 5.92% and a net margin of 0.31%. The firm had revenue of $415.50 million during the quarter, compared to analysts' expectations of $420.47 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The company's revenue for the quarter was up 32.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Barnes Group Inc. will post 1.7 EPS for the current year.

Barnes Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Wednesday, May 29th. Barnes Group's payout ratio is 711.11%.

Analysts Set New Price Targets

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

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.