Bank of Montreal Can Buys 496 Shares of Barnes Group Inc. (NYSE:B)

Bank of Montreal Can boosted its stake in Barnes Group Inc. (NYSE:B) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 9,826 shares of the industrial products company’s stock after acquiring an additional 496 shares during the quarter. Bank of Montreal Can’s holdings in Barnes Group were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Barnes Group by 9.3% in 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Barnes Group by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock worth $3,725,000 after purchasing an additional 12,156 shares in the last quarter. KBC Group NV raised its stake in Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 752 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in Barnes Group by 2.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock valued at $26,455,000 after purchasing an additional 11,684 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Barnes Group by 4,626.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock worth $18,179,000 after buying an additional 376,510 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barnes Group Price Performance

Shares of NYSE B opened at $47.48 on Tuesday. The stock has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a one year low of $32.65 and a one year high of $47.50. The firm’s 50 day simple moving average is $47.48 and its two-hundred day simple moving average is $47.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Barnes Group in a research report on Saturday. They issued a “sell” rating for the company.

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.