Dean Investment Associates adds Barnes Group (B) to its portfolio

Barnes Group (B) : Dean Investment Associates added new position in Barnes Group during the most recent quarter end. The investment management firm now holds 158,960 shares of Barnes Group which is valued at $6,267,793 , the company said in a statement filed on Aug 3, 2016 with the SEC.Barnes Group makes up approximately 1.19% of Dean Investment Associates’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in B in the latest quarter, The investment management firm added 60,873 additional shares and now holds a total of 66,817 shares of Barnes Group which is valued at $2,634,594. Barnes Group makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio. Tocqueville Asset Management added B to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $379,300. Simplex Trading added B to its portfolio by purchasing 653 company shares during the most recent quarter which is valued at $23,815.

Barnes Group closed down -0.12 points or -0.30% at $39.93 with 1,95,065 shares getting traded on Monday. Post opening the session at $40.06, the shares hit an intraday low of $39.91 and an intraday high of $40.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Barnes Group reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.60. The company had revenue of $306.69 million for the quarter, compared to analysts expectations of $307.72 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.

Investors should note that on Jul 14, 2016, Barnes Group announced a cash dividend of $0.1300. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 9, 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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