Barnes Group Inc Has Bullish Trade, Bank Of America Corp Bought Stake!

February 14, 2018 - By Vivian Park

 Barnes Group Inc Has Bullish Trade, Bank Of America Corp  Bought Stake!

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.13, from 1.12 in 2017Q2. It increased, as 13 investors sold Barnes Group Inc. shares while 74 reduced holdings. 42 funds opened positions while 67 raised stakes. 45.71 million shares or 1.16% more from 45.18 million shares in 2017Q2 were reported.

Everence Cap Mngmt holds 0.06% of its portfolio in Barnes Group Inc. (NYSE:B) for 3,690 shares. Sei invested 0.04% of its portfolio in Barnes Group Inc. (NYSE:B). Sawgrass Asset Mgmt Ltd Liability Com owns 15,730 shares. The Tennessee-based State Of Tennessee Treasury Department has invested 0.02% in Barnes Group Inc. (NYSE:B). Laurion Cap Mngmt Ltd Partnership invested in 0.01% or 29,968 shares. Moors And Cabot holds 4,132 shares. 1,330 were reported by Meeder Asset Mgmt. Missouri-based Amer Century Incorporated has invested 0.02% in Barnes Group Inc. (NYSE:B). Boyd Watterson Asset Mngmt Lc Oh holds 0.37% of its portfolio in Barnes Group Inc. (NYSE:B) for 10,560 shares. Seizert Capital Prtnrs Ltd Liability Co stated it has 21,097 shares or 0.05% of all its holdings. 305,164 were reported by Schwab Charles Investment Mngmt Incorporated. Goldman Sachs Grp owns 104,111 shares or 0% of their US portfolio. Bb&T Secs Limited Liability Co accumulated 4,354 shares. Columbia Wanger Asset Mgmt Llc reported 0.33% of its portfolio in Barnes Group Inc. (NYSE:B). Piedmont Inv Advsrs Ltd reported 30,519 shares.

Since August 22, 2017, it had 0 buys, and 1 sale for $46,221 activity.

The New Bank Of America Corp Holding in Barnes Group Inc

Bank Of America Corp reported SC 13G/A form with the SEC for Barnes Group Inc. Access it here: 000114036118007077. As reported by Bank Of America Corp , the filler owns 9.22% or 4,944,591 shares of the Industrials–company.

Barnes Group Inc stake is new for [reportingPerson]. Date of activity: December29,2017. This shows Bank Of America Corp ’s positive view for Barnes Group Inc.

Barnes Group Inc Institutional Sentiment

Filings show 175 investors own Barnes Group Inc. The ownership in Q3 2015 is high, at 104.36 % of the outstanding shares. This is increased by 9292289. 55948388 were owned by these investors. 17 funds opened new Barnes Group Inc stakes, 71 increased positions. There were 27 that closed positions and 65 reduced them.

2 investors had the stock in their top 10. Some are: Tributary Capital Management Llc, Ironwood Investment Management Llc, Wooster Corthell Wealth Management Inc…

Elk Creek Partners Llc is an investor bullish on Barnes Group Inc, owning 392784 shares as of Q3 2015 for 1.14% of its portfolio. Fiduciary Management Associates Llc owns 653252 shares or 1.53% of its portfolio. CT Wooster Corthell Wealth Management Inc have 3.25% of its portfolio for 120241 shares. Further, Tributary Capital Management Llc reported stake worth 1.29% of its portfolio. The FL Dreman Value Management Llc owns 374010 shares. Barnes Group Inc is 1.36% of its portfolio.

Business Profile

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. Its segments include Industrial and Aerospace. The Industrial segment is engaged in the manufacturing of precision parts, products and systems for applications serving a customer base in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices and energy. The Industrial segment includes the Molding Solutions, Nitrogen Gas Products and Engineered Components business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, which includes maintenance repair and overhaul services and the manufacture and delivery of aerospace aftermarket spare parts.

SEC Form 13G.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on February, 16 before the open. They expect $0.68 earnings per share, up 1.49 % or $0.01 from last year’s $0.67 per share. B’s profit will be $36.46 million for 22.12 P/E if the $0.68 EPS becomes a reality. After $0.66 actual earnings per share reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 3.03 % EPS growth.

The stock decreased 0.27% or $0.16 during the last trading session, reaching $60.17. About 162,153 shares traded. Barnes Group Inc. (NYSE:B) has risen 67.01% since February 14, 2017 and is uptrending. It has outperformed by 50.31% the S&P500.

Barnes Group Inc. operates as an industrial and aerospace maker and service provider, serving a range of end markets and customers. The company has market cap of $3.23 billion. The firm operates in two divisions, Industrial and Aerospace. It has a 21.19 P/E ratio. The Industrial segment offers precision parts, products, and systems for applications serving various clients in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy.

Barnes Group Inc. (NYSE:B) Ratings Coverage

Among 8 analysts covering Barnes Group (NYSE:B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Barnes Group has $70 highest and $36 lowest target. $57.17’s average target is -4.99% below currents $60.17 stock price. Barnes Group had 23 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Barnes Group Inc. (NYSE:B) has “Buy” rating given on Thursday, April 7 by Deutsche Bank. The firm earned “Hold” rating on Thursday, January 19 by Suntrust Robinson. SunTrust maintained Barnes Group Inc. (NYSE:B) on Monday, January 8 with “Hold” rating. The firm has “Buy” rating given on Monday, December 5 by Deutsche Bank. Oppenheimer maintained the stock with “Buy” rating in Friday, July 28 report. The rating was maintained by Robert W. Baird on Friday, October 27 with “Hold”. The firm has “Outperform” rating by Oppenheimer given on Monday, October 26. Oppenheimer upgraded the stock to “Outperform” rating in Friday, August 7 report. Oppenheimer maintained it with “Outperform” rating and $36 target in Friday, February 12 report. The firm has “Neutral” rating given on Friday, December 11 by DA Davidson.

More news for Barnes Group Inc. (NYSE:B) were recently published by: Seekingalpha.com, which released: “Barnes: The Market Is Not Just About Big Companies” on February 05, 2018. Businesswire.com‘s article titled: “Barnes Aerospace to Expand Manufacturing Capabilities in Singapore” and published on February 05, 2018 is yet another important article.

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