Barnes Group Inc. (NYSE:B) Shares Bought by Swiss National Bank

Swiss National Bank raised its stake in shares of Barnes Group Inc. (NYSE:B) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,000 shares of the industrial products company’s stock after purchasing an additional 900 shares during the period. Swiss National Bank’s holdings in Barnes Group were worth $4,490,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC boosted its stake in shares of Barnes Group by 2.8% in the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 323 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Barnes Group by 117.9% during the 4th 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 last quarter. BNP Paribas Financial Markets grew its holdings in shares of Barnes Group by 3.1% during the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after buying an additional 348 shares in the last quarter. KBC Group NV lifted its stake in shares of Barnes Group by 52.4% in the fourth 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 in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Barnes Group by 25.6% in the third quarter. Glenmede Trust Co. NA now owns 7,430 shares of the industrial products company’s stock worth $300,000 after buying an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Price Performance

Shares of NYSE:B opened at $47.48 on Wednesday. Barnes Group Inc. has a 52-week low of $32.65 and a 52-week high of $47.50. The stock has a market cap of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.32. The business has a fifty day moving average of $47.46 and a two-hundred day moving average of $45.95. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Barnes Group in a report on Wednesday. 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.