Barnes Group, Inc. (NYSE:B) had its target price upped by Deutsche Bank AG from $65.00 to $70.00 in a research report sent to investors on Friday morning. The firm currently has a buy rating on the industrial products company’s stock.

A number of other research firms also recently issued reports on B. ValuEngine upgraded Barnes Group from a hold rating to a buy rating in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. boosted their price target on Barnes Group from $58.00 to $67.00 and gave the company an outperform rating in a research note on Monday, July 31st. BidaskClub upgraded Barnes Group from a buy rating to a strong-buy rating in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a buy rating and set a $66.00 price objective on shares of Barnes Group in a research note on Thursday, June 8th. Finally, Zacks Investment Research upgraded Barnes Group from a hold rating to a buy rating and set a $61.00 price objective for the company in a research note on Monday, May 22nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $62.60.

Barnes Group (NYSE B) traded up 2.66% during trading on Friday, reaching $64.95. 552,956 shares of the company traded hands. Barnes Group has a 52 week low of $37.88 and a 52 week high of $65.20. The company’s 50-day moving average price is $60.64 and its 200 day moving average price is $55.99. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 22.71 and a beta of 1.43.

Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. The business had revenue of $364.49 million during the quarter, compared to the consensus estimate of $337.69 million. Barnes Group had a return on equity of 13.02% and a net margin of 11.69%. The business’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 EPS. On average, equities research analysts expect that Barnes Group will post $2.89 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/09/barnes-group-inc-b-price-target-increased-to-70-00-by-analysts-at-deutsche-bank-ag.html.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 24th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.86%. Barnes Group’s dividend payout ratio is presently 19.58%.

In related news, Director Thomas O. Barnes sold 755 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $61.22, for a total transaction of $46,221.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Marian Acker sold 6,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $60.38, for a total value of $362,280.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,755 shares of company stock worth $528,361. 8.50% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. raised its holdings in Barnes Group by 5.9% during the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the industrial products company’s stock valued at $105,000 after buying an additional 100 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Barnes Group during the 2nd quarter valued at $109,000. LS Investment Advisors LLC raised its holdings in Barnes Group by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,942 shares of the industrial products company’s stock valued at $114,000 after buying an additional 85 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Barnes Group by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,092 shares of the industrial products company’s stock valued at $122,000 after buying an additional 188 shares during the period. Finally, Acrospire Investment Management LLC raised its holdings in Barnes Group by 16.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,178 shares of the industrial products company’s stock valued at $127,000 after buying an additional 300 shares during the period. Institutional investors own 85.27% of the company’s stock.

About Barnes Group

Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.

Analyst Recommendations for Barnes Group (NYSE:B)

Receive News & Ratings for Barnes Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.