Barnes Group Inc. (NYSE:B) declared a quarterly dividend on Friday, February 9th, RTT News reports. Investors of record on Friday, February 23rd will be paid a dividend of 0.14 per share by the industrial products company on Friday, March 9th. This represents a $0.56 annualized dividend and a yield of 0.94%.

Barnes Group has raised its dividend by an average of 6.9% annually over the last three years and has increased its dividend every year for the last 5 years. Barnes Group has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Barnes Group to earn $3.03 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 18.5%.

Barnes Group (B) opened at $59.80 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3,178.03, a P/E ratio of 20.80, a P/E/G ratio of 1.96 and a beta of 1.32. Barnes Group has a 12-month low of $47.86 and a 12-month high of $72.87.

Several research analysts recently weighed in on B shares. Robert W. Baird reiterated a “hold” rating and set a $65.00 price target on shares of Barnes Group in a research report on Sunday, October 29th. Zacks Investment Research lowered Barnes Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine raised Barnes Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, SunTrust Banks reissued a “hold” rating and issued a $67.00 price objective on shares of Barnes Group in a report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $68.17.

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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.

Dividend History for Barnes Group (NYSE:B)

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