November 23, 2016 - By Nellie Frank
An insider of the company Barnes Group Inc, Patrick Dempsey also its President and CEO, disclosed his insider trading activities with the SEC on 23/11/2016. As discovered in the document, Patrick had sold 50,621 shares of the company. The total insider deal was worth $2,338,812 U.S Dollars. At the time of the trade the price of a share was $46.2. This sizable stocks unloading will probably draw attention, as Patrick Dempsey presently possess 0.42% of the total market capitalization of the company.
Out of 6 analysts covering Barnes Group (NYSE:B), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $50 is the highest target while $36 is the lowest. The $39.40 average target is -15.70% below today’s ($46.74) stock price. Barnes Group has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Thursday, April 7. Oppenheimer maintained Barnes Group Inc. (NYSE:B) rating on Monday, October 26. Oppenheimer has “Outperform” rating and $43 price target. The stock of Barnes Group Inc. (NYSE:B) earned “Neutral” rating by DA Davidson on Friday, December 11. The firm has “Neutral” rating given on Monday, October 19 by Buckingham Research. The rating was upgraded by Oppenheimer on Friday, August 7 to “Outperform”. The stock of Barnes Group Inc. (NYSE:B) earned “Outperform” rating by Oppenheimer on Friday, February 12. As per Tuesday, January 12, the company rating was upgraded by Sidoti.
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.64, from 0.92 in 2016Q1. The ratio increased, as 14 funds sold all Barnes Group Inc. shares owned while 69 reduced positions. 21 funds bought stakes while 55 increased positions. They now own 44.00 million shares or 2.38% more from 42.98 million shares in 2016Q1.
Rhumbline Advisers last reported 0.01% of its portfolio in the stock. Qs Invsts Lc holds 0% of its portfolio in Barnes Group Inc. (NYSE:B) for 15 shares. Northern Tru Corporation last reported 1.49M shares in the company. Amalgamated Financial Bank last reported 5,984 shares in the company. Mufg Americas Hldgs accumulated 0% or 672 shares. State Street Corporation holds 0% or 1.08 million shares in its portfolio. Ironbridge Cap Mngmt Ltd Partnership, a Illinois-based fund reported 115,110 shares. California State Teachers Retirement Sys has invested 0.01% of its portfolio in Barnes Group Inc. (NYSE:B). Gsa Prns Limited Liability Partnership has 0.07% invested in the company for 39,027 shares. Teacher Retirement System Of Texas has 0% invested in the company for 7,181 shares. Barclays Public Ltd Co holds 222 shares or 0% of its portfolio. Moreover, Aqr Cap Mgmt Llc has 0% invested in Barnes Group Inc. (NYSE:B) for 26,942 shares. Cortina Asset Mgmt Ltd Liability Corp, a Wisconsin-based fund reported 123,050 shares. Hartford Mgmt Incorporated holds 0.02% or 1,200 shares in its portfolio. Inc, a New York-based fund reported 37,442 shares.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 6 sales for $1.88 million net activity. $124,350 worth of Barnes Group Inc. (NYSE:B) shares were sold by BARNES THOMAS O. On Wednesday, August 10 EDWARDS DAWN N sold $229,385 worth of the stock or 5,700 shares. STEPHENS CHRISTOPHER J also sold $893,022 worth of Barnes Group Inc. (NYSE:B) shares. $411,037 worth of shares were sold by BENANAV GARY G on Friday, August 19.
About 71,909 shares traded hands. Barnes Group Inc. (NYSE:B) has risen 24.40% since April 21, 2016 and is uptrending. It has outperformed by 19.07% the S&P500.
Barnes Group Inc. is an industrial and aerospace maker and service provider, serving a range of end-markets and customers. The company has a market cap of $2.55 billion. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. It has a 20.74 P/E ratio. The Company’s divisions include Industrial and Aerospace.
According to Zacks Investment Research, “Barnes Group Inc. is an international manufacturer of precision metal parts and distributor of industrial supplies, serving a wide range of markets and customers.”
Analysts await Barnes Group Inc. (NYSE:B) to report earnings on February, 17. They expect $0.64 earnings per share, up 6.67% or $0.04 from last year’s $0.6 per share. B’s profit will be $34.92M for 18.26 P/E if the $0.64 EPS becomes a reality. After $0.71 actual earnings per share reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts -9.86% negative EPS growth.
More recent Barnes Group Inc. (NYSE:B) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Forward Air, Equifax and Barnes Group” on November 17, 2016. Also Nasdaq.com published the news titled: “Barnes Group, Inc. (B) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016. Businesswire.com‘s news article titled: “Barnes Group Inc. Elects Hans-Peter MÃ¤nner to Board of Directors” with publication date: October 19, 2016 was also an interesting one.
Barnes Group Inc., incorporated on January 30, 1925, is an industrial and aerospace maker 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. The Company’s divisions include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment maker (OEM) business and the aftermarket business, whichcomprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts.
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By Nellie Frank