Tower Research Capital LLC TRC Has $504,000 Stock Position in Barnes Group Inc. (NYSE:B)

Tower Research Capital LLC TRC grew its stake in shares of Barnes Group Inc. (NYSE:B) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,666 shares of the industrial products company’s stock after purchasing an additional 1,136 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Barnes Group were worth $504,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Barclays PLC increased its holdings in shares of Barnes Group by 9.3% during the 3rd quarter. Barclays PLC now owns 132,462 shares of the industrial products company’s stock worth $5,353,000 after acquiring an additional 11,279 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Barnes Group by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,185 shares of the industrial products company’s stock worth $3,725,000 after acquiring an additional 12,156 shares during the last quarter. KBC Group NV increased its holdings in shares of Barnes Group by 52.4% during the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 752 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Barnes Group by 2.1% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock worth $26,455,000 after acquiring an additional 11,684 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Barnes Group by 4,626.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock worth $18,179,000 after acquiring an additional 376,510 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

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

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $47.48 on Tuesday. 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 firm has a 50-day moving average of $47.48 and a 200-day moving average of $47.21. Barnes Group Inc. has a 52-week low of $33.76 and a 52-week high of $47.50. The stock has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

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.