Northern Trust Corp Has $24.84 Million Holdings in Barnes Group Inc. (NYSE:B)

Northern Trust Corp cut its holdings in Barnes Group Inc. (NYSE:B) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 525,590 shares of the industrial products company’s stock after selling 49,122 shares during the quarter. Northern Trust Corp’s holdings in Barnes Group were worth $24,839,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 336 shares during the period. Vestcor Inc bought a new stake in Barnes Group during the fourth quarter worth about $56,000. Sterling Capital Management LLC lifted its position in Barnes Group by 820.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 1,304 shares during the period. KBC Group NV lifted its position in Barnes Group by 52.4% during the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 752 shares during the period. Finally, Atria Investments Inc bought a new stake in Barnes Group during the fourth quarter worth about $203,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Barnes Group in a research report on Monday, May 5th. They set a “sell” rating for the company.

Barnes Group Stock Down 59.0%

B stock opened at $19.46 on Monday. The stock has a market capitalization of $991.29 million, a P/E ratio of -25.27 and a beta of 1.32. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a 12 month low of $18.88 and a 12 month high of $47.50. The firm has a 50-day moving average price of $46.92 and a 200-day moving average price of $47.07.

Barnes Group (NYSE:B) last posted its earnings results on Friday, May 9th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Barnes Group had a positive return on equity of 4.84% and a negative net margin of 2.46%. Barnes Group’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, equities research analysts anticipate that Barnes Group Inc. will post 1.39 EPS for the current fiscal year.

About Barnes Group

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.