Wooster Corthell Wealth Management Inc. Trims Stake in Barnes Group Inc. (NYSE:B)

Wooster Corthell Wealth Management Inc. trimmed its position in shares of Barnes Group Inc. (NYSE:B - Free Report) by 42.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,342 shares of the industrial products company's stock after selling 31,592 shares during the quarter. Barnes Group comprises about 0.4% of Wooster Corthell Wealth Management Inc.'s holdings, making the stock its 27th biggest holding. Wooster Corthell Wealth Management Inc. owned 0.08% of Barnes Group worth $2,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Barnes Group by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company's stock worth $148,565,000 after purchasing an additional 60,152 shares during the last quarter. Mason Capital Management LLC increased its holdings in Barnes Group by 32.9% in the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company's stock worth $43,484,000 after buying an additional 259,957 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in Barnes Group in the 2nd quarter worth about $32,576,000. Simcoe Capital Management LLC bought a new position in Barnes Group during the 3rd quarter valued at about $24,469,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Barnes Group by 9.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company's stock valued at $22,148,000 after acquiring an additional 47,821 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on B. DA Davidson reiterated a "neutral" rating and set a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. StockNews.com initiated coverage on shares of Barnes Group in a research report on Monday, January 13th. They set a "sell" rating for the company. Finally, Truist Financial raised their price objective on shares of Barnes Group from $38.00 to $47.50 and gave the stock a "hold" rating in a report on Tuesday, October 8th.

Barnes Group Price Performance

Shares of B traded up $0.01 during mid-day trading on Monday, hitting $47.32. 1,000,402 shares of the stock were exchanged, compared to its average volume of 633,307. The firm has a 50-day moving average of $47.05 and a two-hundred day moving average of $43.45. Barnes Group Inc. has a 52-week low of $30.18 and a 52-week high of $47.43. 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 company has a market cap of $2.41 billion, a PE ratio of -61.45 and a beta of 1.32.

Barnes Group 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.