LPL Financial LLC Raises Holdings in Barnes Group Inc. (NYSE:B)

LPL Financial LLC boosted its stake in shares of Barnes Group Inc. (NYSE:B) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 5,591 shares of the industrial products company’s stock after buying an additional 285 shares during the quarter. LPL Financial LLC’s holdings in Barnes Group were worth $264,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Barnes Group by 117.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after buying an additional 336 shares during the period. KBC Group NV lifted its holdings in Barnes Group by 52.4% in the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after buying an additional 752 shares during the period. Swiss National Bank lifted its holdings in Barnes Group by 1.0% in the 4th quarter. Swiss National Bank now owns 95,000 shares of the industrial products company’s stock worth $4,490,000 after buying an additional 900 shares during the period. Vestcor Inc purchased a new stake in Barnes Group in the 4th quarter worth approximately $56,000. Finally, Atria Investments Inc purchased a new stake in Barnes Group in the 4th quarter worth approximately $203,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barnes Group Price Performance

Shares of NYSE:B opened at $47.48 on Tuesday. Barnes Group Inc. has a 52-week low of $33.76 and a 52-week high of $47.50. The firm has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The stock has a 50 day moving average price of $47.48 and a 200-day moving average price of $47.21. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Barnes Group in a research report on Sunday. They issued a “sell” rating for the company.

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.