Washington Trust Bank Acquires New Position in Barnes Group Inc. (NYSE:B)

Washington Trust Bank acquired a new stake in shares of Barnes Group Inc. (NYSE:B) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 176,449 shares of the industrial products company’s stock, valued at approximately $8,339,000. Washington Trust Bank owned approximately 0.35% of Barnes Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC lifted its position in Barnes Group by 2.8% in the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 323 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Barnes Group by 117.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 336 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Barnes Group by 3.1% in the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 348 shares during the last quarter. KBC Group NV raised its holdings in shares of Barnes Group by 52.4% during the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 752 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Barnes Group by 1.0% during the fourth quarter. Swiss National Bank now owns 95,000 shares of the industrial products company’s stock valued at $4,490,000 after acquiring an additional 900 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors.

Barnes Group Price Performance

Shares of Barnes Group stock opened at $47.48 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The company has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. The business has a 50 day moving average of $47.46 and a 200 day moving average of $45.70. Barnes Group Inc. has a 52 week low of $32.65 and a 52 week high of $47.50.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Barnes Group in a report on Tuesday. They set 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.