Pettyjohn Wood & White Inc. Has $533,000 Stock Holdings in Barnes Group Inc. (NYSE:B)

Pettyjohn Wood & White Inc. trimmed its position in Barnes Group Inc. (NYSE:B – Get Rating) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,434 shares of the industrial products company’s stock after selling 1,000 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Barnes Group were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of B. Advisor Partners LLC bought a new stake in shares of Barnes Group during the 4th quarter valued at $246,000. Advisor Group Holdings Inc. lifted its position in shares of Barnes Group by 27.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,645 shares of the industrial products company’s stock valued at $170,000 after acquiring an additional 785 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Barnes Group during the 4th quarter valued at $618,000. FDx Advisors Inc. bought a new stake in shares of Barnes Group during the 4th quarter valued at $291,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Barnes Group by 60.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,678 shares of the industrial products company’s stock valued at $358,000 after acquiring an additional 2,880 shares during the period. 84.81% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP James C. Pelletier sold 1,619 shares of the stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $46.50, for a total value of $75,283.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

A number of research firms have recently weighed in on B. Alembic Global Advisors downgraded Barnes Group from an “overweight” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Monday, April 11th. Zacks Investment Research raised Barnes Group from a “sell” rating to a “hold” rating and set a $49.00 target price for the company in a report on Tuesday, February 15th. Truist Financial lowered their target price on Barnes Group from $48.00 to $41.00 and set a “hold” rating for the company in a report on Tuesday. Finally, StockNews.com assumed coverage on Barnes Group in a report on Thursday, March 31st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.50.

Shares of B stock traded up $1.10 on Tuesday, hitting $36.76. The company had a trading volume of 1,040 shares, compared to its average volume of 199,741. The firm has a market cap of $1.86 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.55 and a beta of 1.12. The stock’s 50-day moving average is $42.20 and its two-hundred day moving average is $43.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.42 and a current ratio of 2.19. Barnes Group Inc. has a twelve month low of $35.46 and a twelve month high of $56.98.

Barnes Group (NYSE:B – Get Rating) last issued its quarterly earnings results on Friday, February 18th. The industrial products company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.09. The company had revenue of $311.00 million during the quarter, compared to analysts’ expectations of $313.23 million. Barnes Group had a return on equity of 7.07% and a net margin of 7.93%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities research analysts predict that Barnes Group Inc. will post 2.31 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Thursday, February 24th were paid a $0.16 dividend. The ex-dividend date was Wednesday, February 23rd. This represents a $0.64 annualized dividend and a dividend yield of 1.74%. Barnes Group’s payout ratio is 32.65%.

About Barnes Group (Get Rating)

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in 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.

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