Barnes Group Inc. (NYSE:B) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of Barnes Group Inc. (NYSE:B - Free Report) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,065,164 shares of the industrial products company's stock after selling 36,633 shares during the period. Geode Capital Management LLC owned approximately 2.09% of Barnes Group worth $43,052,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in B. GAMMA Investing LLC raised its holdings in shares of Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company's stock worth $66,000 after buying an additional 238 shares during the period. SG Americas Securities LLC purchased a new stake in Barnes Group in the third quarter worth $178,000. Centiva Capital LP bought a new stake in shares of Barnes Group during the third quarter worth $212,000. Captrust Financial Advisors bought a new stake in shares of Barnes Group during the third quarter worth $224,000. Finally, Needham Investment Management LLC purchased a new stake in shares of Barnes Group during the third quarter valued at $242,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Analysts Set New Price Targets

B has been the topic of several research analyst reports. DA Davidson reissued a "neutral" rating and issued a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. StockNews.com initiated coverage on Barnes Group in a research note on Friday. They set a "sell" rating on the stock. Finally, Truist Financial lifted their price objective on Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a report on Tuesday, October 8th.

Barnes Group Stock Performance

B stock traded up $0.04 during midday trading on Tuesday, reaching $47.18. The stock had a trading volume of 238,229 shares, compared to its average volume of 449,826. The firm has a fifty day simple moving average of $46.84 and a two-hundred day simple moving average of $42.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The stock has a market cap of $2.40 billion, a PE ratio of -61.27 and a beta of 1.34. Barnes Group Inc. has a 52-week low of $29.67 and a 52-week high of $47.40.

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.