Barnes Group Inc (B) Files Form 4 Insider Selling : Thomas O Barnes Sells 350 Shares

Barnes Group Inc (B): Thomas O Barnes , director of Barnes Group Inc sold 350 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $33.15 per share for a total value of $11,603.48 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Hassell H Mcclellan (director) sold 4,400 shares at $32.98 per share price.On May 23, 2016, Thomas O Barnes (director) sold 3,000 shares at $33.00 per share price.Also, On Nov 30, 2015, Marian Acker (VP, Controller) sold 2,621 shares at $38.39 per share price.On Nov 23, 2015, William S Jr Bristow (director) sold 7,500 shares at $38.46 per share price.

Shares of Barnes Group (B) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.03% at $33.18 with 2,48,171 shares getting traded. Post opening the session at $33.22, the shares hit an intraday low of $32.97 and an intraday high of $33.49 and the price vacillated in this range throughout the day. The company has a market cap of $1,781 M and the number of outstanding shares has been calculated to be 5,36,88,144 shares. The 52-week high of Barnes Group is $41.78 and the 52-week low is $30.065.

Barnes Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Barnes Group is Upgraded by Deutsche Bank to Buy and the brokerage firm has set the Price Target at $42. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 7, 2016.Barnes Group is Initiated by Alembic Global Advisors to Neutral and the brokerage firm has set the Price Target at $37. The Rating was issued on Apr 7, 2016.

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 delivered are used in applications that provide transportation manufacturing healthcare products and technology to the world. The Company operates in segments: Industrial and Aerospace. The Industrial segment is a manufacturer of engineered precision parts products and systems for critical applications. It is a manufacturer and supplier of precision mechanical products including mechanical springs and nitrogen gas products. The Aerospace segment is a provider of precision-machined and fabricated components and assemblies for OEM turbine engine airframe and industrial gas turbine builders and the military. Aerospace provides jet engine component overhaul and repair services for turbine engine manufacturers commercial airlines and the military.

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