Barnes Group (NYSE:B) announced its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03, Bloomberg Earnings reports. The business had revenue of $373.00 million for the quarter, compared to analyst estimates of $357.77 million. Barnes Group had a net margin of 4.15% and a return on equity of 12.36%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Barnes Group updated its FY18 guidance to $2.98-3.13 EPS.

Barnes Group (NYSE B) traded down $0.19 during mid-day trading on Monday, hitting $59.77. 16,043 shares of the company traded hands, compared to its average volume of 210,793. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.67. Barnes Group has a fifty-two week low of $48.21 and a fifty-two week high of $72.87. The firm has a market capitalization of $3,191.94, a P/E ratio of 56.04, a PEG ratio of 1.96 and a beta of 1.36.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.14 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.56 annualized dividend and a dividend yield of 0.94%. Barnes Group’s dividend payout ratio (DPR) is presently 52.34%.

B has been the topic of several research reports. ValuEngine upgraded shares of Barnes Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Barnes Group from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Wednesday, January 10th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $67.00 price objective on shares of Barnes Group in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $68.17.

In other news, Director Richard J. Hipple acquired 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $62.06 per share, with a total value of $80,678.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas O. Barnes sold 1,700 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.36, for a total transaction of $107,712.00. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of B. PNC Financial Services Group Inc. increased its stake in shares of Barnes Group by 143.6% in the second quarter. PNC Financial Services Group Inc. now owns 5,027 shares of the industrial products company’s stock valued at $294,000 after buying an additional 2,963 shares during the period. Fisher Asset Management LLC acquired a new position in shares of Barnes Group in the third quarter valued at approximately $6,274,000. Public Employees Retirement System of Ohio increased its stake in shares of Barnes Group by 65.9% in the third quarter. Public Employees Retirement System of Ohio now owns 51,147 shares of the industrial products company’s stock valued at $3,603,000 after buying an additional 20,313 shares during the period. Stifel Financial Corp increased its stake in shares of Barnes Group by 7.9% in the third quarter. Stifel Financial Corp now owns 277,675 shares of the industrial products company’s stock valued at $19,558,000 after buying an additional 20,403 shares during the period. Finally, BB&T Securities LLC acquired a new position in shares of Barnes Group in the third quarter valued at approximately $306,000. 86.34% of the stock is owned by hedge funds and other institutional investors.

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About Barnes Group

Barnes Group Inc is an industrial and aerospace manufacturer 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.

Earnings History for Barnes Group (NYSE:B)

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