Barnes Group Inc. (NYSE:B) Stock Holdings Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in Barnes Group Inc. (NYSE:B) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,206 shares of the industrial products company’s stock after selling 383 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Barnes Group were worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in B. GAMMA Investing LLC lifted its stake in Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 238 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Barnes Group in the third quarter valued at approximately $178,000. QRG Capital Management Inc. lifted its stake in Barnes Group by 4.1% in the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 240 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Barnes Group in the third quarter worth $248,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Barnes Group in the second quarter worth $277,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barnes Group Trading Up 0.1 %

Shares of Barnes Group stock opened at $47.04 on Thursday. The firm has a market capitalization of $2.40 billion, a PE ratio of -61.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. The company’s fifty day moving average price is $46.58 and its two-hundred day moving average price is $41.86. Barnes Group Inc. has a 52-week low of $28.39 and a 52-week high of $47.40.

Analyst Upgrades and Downgrades

B has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Barnes Group in a research note on Thursday. They issued a “sell” rating for the company. Truist Financial boosted their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.

Barnes Group Company Profile

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.