Barnes Group Inc. (NYSE:B) Stock Holdings Reduced by Wooster Corthell Wealth Management Inc.

Wooster Corthell Wealth Management Inc. lessened its stake in shares of Barnes Group Inc. (NYSE:B) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,342 shares of the industrial products company’s stock after selling 31,592 shares during the quarter. Barnes Group comprises approximately 0.4% of Wooster Corthell Wealth Management Inc.’s holdings, making the stock its 27th largest position. Wooster Corthell Wealth Management Inc.’s holdings in Barnes Group were worth $2,001,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in B. GAMMA Investing LLC lifted its position in shares of Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Barnes Group during the 3rd quarter worth about $178,000. Centiva Capital LP acquired a new position in shares of Barnes Group during the 3rd quarter worth about $212,000. Captrust Financial Advisors acquired a new position in shares of Barnes Group during the 3rd quarter worth about $224,000. Finally, Needham Investment Management LLC acquired a new position in shares of Barnes Group during the 3rd quarter worth about $242,000. Institutional investors own 90.82% of the company’s stock.

Barnes Group Trading Up 0.0 %

Shares of B opened at $47.32 on Monday. Barnes Group Inc. has a 1 year low of $30.18 and a 1 year high of $47.43. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $47.04 and a 200-day simple moving average of $43.40. The stock has a market cap of $2.41 billion, a PE ratio of -61.45 and a beta of 1.32.

Analyst Upgrades and Downgrades

B has been the subject of several recent research reports. StockNews.com initiated coverage on Barnes Group in a report on Monday, January 13th. They issued a “sell” rating for the company. Truist Financial upped their price target on Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th.

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.