US Bancorp DE raised its position in shares of Barnes Group Inc. (NYSE:B) by 13.4% during the 4th quarter, Holdings Channel reports. The firm owned 59,712 shares of the industrial products company’s stock after buying an additional 7,033 shares during the quarter. US Bancorp DE’s holdings in Barnes Group were worth $3,778,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. YorkBridge Wealth Partners LLC boosted its stake in shares of Barnes Group by 4,461.8% in the third quarter. YorkBridge Wealth Partners LLC now owns 1,551 shares of the industrial products company’s stock worth $109,000 after buying an additional 1,517 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Barnes Group by 156.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,202 shares of the industrial products company’s stock worth $156,000 after buying an additional 1,342 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Barnes Group by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,095 shares of the industrial products company’s stock worth $196,000 after buying an additional 1,003 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Barnes Group by 2,284.0% in the fourth quarter. Bessemer Group Inc. now owns 3,123 shares of the industrial products company’s stock worth $198,000 after buying an additional 2,992 shares during the last quarter. Finally, Visionary Asset Management Inc. purchased a new stake in shares of Barnes Group in the third quarter worth about $216,000. Institutional investors and hedge funds own 86.19% of the company’s stock.

B has been the topic of a number of recent research reports. Zacks Investment Research downgraded Barnes Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and issued a $65.00 target price on shares of Barnes Group in a research note on Sunday, October 29th. ValuEngine upgraded Barnes Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, SunTrust Banks restated a “hold” rating and issued a $67.00 target price on shares of Barnes Group in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.17.

Barnes Group Inc. (NYSE:B) opened at $60.33 on Tuesday. The stock has a market capitalization of $3,205.91, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Barnes Group Inc. has a 1 year low of $47.86 and a 1 year high of $72.87.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%. Barnes Group’s dividend payout ratio is currently 19.72%.

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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.

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Institutional Ownership by Quarter for Barnes Group (NYSE:B)

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