Barnes Group Inc (B): Thomas O Barnes , director of Barnes Group Inc sold 3,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $33.00 per share for a total value of $99,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 1, 2016, Thomas O Barnes (director) sold 1,655 shares at $34.70 per share price.On Nov 30, 2015, Marian Acker (VP, Controller) sold 2,621 shares at $38.39 per share price.Also, On Nov 23, 2015, William S Jr Bristow (director) sold 7,500 shares at $38.46 per share price.On Aug 26, 2015, Hassell H Mcclellan (director) purchased 450 shares at $38.04 per share price.
Barnes Group: On Friday, May 20, 2016 heightened volatility was witnessed in Barnes Group which led to swings in the share price. The shares opened for trading at $32.65 and hit $33.1 on the upside , eventually ending the session at $32.75, with a gain of 0.40% or 0.13 points. The heightened volatility saw the trading volume jump to 2,45,329 shares. The 52-week high of the share price is $41.78 and the company has a market cap of $1,758 M . The 52-week low of the share price is at $30.065.
On May 6, 2016, Barnes Group announced a cash dividend of $0.1300. The company’s management has announced May 24, 2016 as the ex-dividend date and fixed the record date on May 26, 2016. The payable date has been fixed on Jun 10, 2016.
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 Companys 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.