Sei Investments Co. Acquires 9,609 Shares of Barnes Group Inc. (NYSE:B)

Sei Investments Co. raised its stake in shares of Barnes Group Inc. (NYSE:B) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,984 shares of the industrial products company’s stock after buying an additional 9,609 shares during the period. Sei Investments Co. owned 0.65% of Barnes Group worth $13,582,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in Barnes Group by 418.3% in the 4th quarter. Parallel Advisors LLC now owns 1,218 shares of the industrial products company’s stock valued at $40,000 after buying an additional 983 shares during the period. EntryPoint Capital LLC bought a new position in Barnes Group during the 1st quarter valued at about $107,000. TFO Wealth Partners LLC raised its stake in shares of Barnes Group by 57,362.5% in the fourth quarter. TFO Wealth Partners LLC now owns 4,597 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 4,589 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Barnes Group in the 1st quarter worth approximately $208,000. Finally, QRG Capital Management Inc. bought a new stake in Barnes Group during the 1st quarter worth approximately $217,000. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on B shares. Truist Financial boosted their price objective on Barnes Group from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. DA Davidson raised their price objective on shares of Barnes Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Oppenheimer upped their target price on shares of Barnes Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th.

Barnes Group Price Performance

Barnes Group stock opened at $39.84 on Friday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 442.67, a P/E/G ratio of 2.43 and a beta of 1.39. Barnes Group Inc. has a 12-month low of $18.79 and a 12-month high of $45.24. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.90. The business’s 50-day simple moving average is $38.78 and its 200 day simple moving average is $38.46.

Barnes Group (NYSE:B) last issued its quarterly earnings results on Friday, July 26th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Barnes Group had a positive return on equity of 5.21% and a negative net margin of 3.74%. The business had revenue of $382.23 million for the quarter, compared to analyst estimates of $398.80 million. As a group, research analysts anticipate that Barnes Group Inc. will post 1.62 earnings per share for the current year.

Barnes Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. Barnes Group’s dividend payout ratio (DPR) is presently 711.11%.

About Barnes Group

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.