November 29, 2016 - By Ruchi Gupta
The director of Barnes Group Inc, Thomas Barnes recently cashed-in precisely $10,349 U.S. Dollars for 222 shares in the Barnes Group Inc corporation at an approx. $46.6 for every share. He also sold 3,000 shares worth $124,350 USD in the last month. Details about the deal dated 29-11-2016, could be found ready for use in a legal document on the SEC website here. At present, Thomas Barnes owns 2.30 million shares which make up around 4.31% of Barnes Group Inc’s total market capitalization.
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 -14.94% below today’s ($46.32) stock price. Barnes Group has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Oppenheimer with “Outperform” on Friday, February 12. The stock of Barnes Group Inc. (NYSE:B) earned “Outperform” rating by Oppenheimer on Friday, August 7. The firm earned “Buy” rating on Tuesday, January 12 by Sidoti. The company was maintained on Monday, October 26 by Oppenheimer. The company was initiated on Friday, December 11 by DA Davidson. The firm has “Buy” rating by Deutsche Bank given on Thursday, April 7. The rating was initiated by Buckingham Research with “Neutral” on Monday, October 19.
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.64, from 0.92 in 2016Q1. The ratio is positive, 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.
Moreover, First Tru Advsrs Limited Partnership has 0.01% invested in Barnes Group Inc. (NYSE:B) for 142,782 shares. Paloma Partners Mngmt has 0% invested in the company for 6,531 shares. Wcm Investment Mgmt Ca has 266,042 shares for 0.14% of their US portfolio. Art Lc holds 0.03% of its portfolio in Barnes Group Inc. (NYSE:B) for 18,147 shares. Comerica Bank & Trust, a Michigan-based fund reported 50,411 shares. Envestnet Asset Incorporated holds 0% of its portfolio in Barnes Group Inc. (NYSE:B) for 12,082 shares. King Luther Capital Mgmt last reported 0.19% of its portfolio in the stock. Metropolitan Life Ins Ny, a New York-based fund reported 38,205 shares. Winslow Evans & Crocker holds 0% or 110 shares in its portfolio. Blackrock Institutional Tru Company Na reported 1.24M shares or 0.01% of all its holdings. Millennium Management Limited Com holds 0.01% of its portfolio in Barnes Group Inc. (NYSE:B) for 155,165 shares. Deutsche National Bank & Trust Ag last reported 73,122 shares in the company. Gemmer Asset Mngmt Limited Liability Corporation owns 374 shares or 0.01% of their US portfolio. The Pennsylvania-based Nationwide Fund has invested 0.04% in Barnes Group Inc. (NYSE:B). Tiaa Cref Inv Management Ltd Liability Com last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 8 insider sales for $4.68 million net activity. $124,350 worth of Barnes Group Inc. (NYSE:B) was sold by BARNES THOMAS O. $462,198 worth of shares were sold by STEPHENS CHRISTOPHER J on Tuesday, November 22. Another trade for 4,700 shares valued at $189,131 was made by EDWARDS DAWN N on Wednesday, August 10. The insider BENANAV GARY G sold 9,901 shares worth $411,037. $2.34 million worth of Barnes Group Inc. (NYSE:B) was sold by Dempsey Patrick.
The stock decreased 0.64% or $0.3 during the last trading session, hitting $46.32. About 131,483 shares traded hands. Barnes Group Inc. (NYSE:B) has risen 42.15% since April 26, 2016 and is uptrending. It has outperformed by 36.89% 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 $2.47 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 20.56 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 $34.13 million for 18.09 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. Equitiesfocus.com‘s news article titled: “Barnes Group, Inc. (NYSE:B) Fixes Dividend Payout At $0.13” with publication date: November 29, 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 Ruchi Gupta