Research analysts at StockNews.com started coverage on shares of Barnes Group (NYSE:B – Get Free Report) in a report issued on Tuesday. The brokerage set a “sell” rating on the industrial products company’s stock.
A number of other analysts have also commented on B. Truist Financial lifted their price objective on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. DA Davidson reiterated a “neutral” rating and set a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.
Read Our Latest Research Report on B
Barnes Group Stock Up 0.0 %
Institutional Investors Weigh In On Barnes Group
Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of Barnes Group by 158.2% in the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock valued at $2,095,000 after acquiring an additional 31,000 shares during the last quarter. Jane Street Group LLC increased its position in shares of Barnes Group by 22.9% during the 3rd quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company’s stock worth $6,220,000 after purchasing an additional 28,649 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Barnes Group by 9.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock worth $22,148,000 after purchasing an additional 47,821 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in shares of Barnes Group in the second quarter valued at $714,000. Finally, Barclays PLC increased its holdings in Barnes Group by 9.3% during the third quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock worth $5,353,000 after buying an additional 11,279 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.
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.
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