First Eagle Investment Management LLC Sells 167,950 Shares of Barnes Group Inc. (NYSE:B)

First Eagle Investment Management LLC cut its stake in Barnes Group Inc. (NYSE:B) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,148 shares of the industrial products company’s stock after selling 167,950 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.40% of Barnes Group worth $9,743,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Natixis Advisors LLC increased its position in Barnes Group by 2.8% during the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 323 shares during the period. Smartleaf Asset Management LLC increased its position in Barnes Group by 117.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 336 shares during the period. BNP Paribas Financial Markets increased its position in Barnes Group by 3.1% during the third quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after acquiring an additional 348 shares during the period. KBC Group NV increased its position in Barnes Group by 52.4% during the fourth 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 period. Finally, Swiss National Bank increased its position 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 worth $4,490,000 after acquiring an additional 900 shares during the period. 90.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Barnes Group in a research report on Monday, March 10th. They set a “sell” rating on the stock.

Barnes Group Price Performance

Shares of NYSE:B opened at $47.48 on Friday. The firm has a 50 day moving average of $47.43 and a 200-day moving average of $45.45. The stock has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. Barnes Group Inc. has a 12 month low of $32.00 and a 12 month high of $47.50.

About Barnes Group

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.