Skandinaviska Enskilda Banken AB publ Purchases Shares of 25,000 Barnes Group Inc. (NYSE:B)

Skandinaviska Enskilda Banken AB publ acquired a new position in Barnes Group Inc. (NYSE:B) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the industrial products company’s stock, valued at approximately $1,182,000.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC increased its holdings in Barnes Group by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 323 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Barnes Group by 117.9% during 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 in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of 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 worth $469,000 after purchasing an additional 348 shares during the last quarter. KBC Group NV lifted its position in shares of Barnes Group by 52.4% in the fourth quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after buying an additional 752 shares in the last quarter. Finally, Swiss National Bank boosted its stake in 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 buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Barnes Group in a report on Tuesday. They set a “sell” rating on the stock.

Barnes Group Stock Performance

Barnes Group stock opened at $47.48 on Tuesday. The company’s 50-day moving average price is $47.44 and its 200-day moving average price is $45.57. 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. Barnes Group Inc. has a twelve month low of $32.65 and a twelve month high of $47.50.

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.