Wooster Corthell Wealth Management Lowers stake in Barnes Group (B)

Barnes Group (B) : Wooster Corthell Wealth Management reduced its stake in Barnes Group by 0.12% during the most recent quarter end. The investment management company now holds a total of 96,778 shares of Barnes Group which is valued at $3,765,632 after selling 113 shares in Barnes Group , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Barnes Group makes up approximately 2.54% of Wooster Corthell Wealth Management’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha boosted its stake in B in the latest quarter, The investment management firm added 2,645 additional shares and now holds a total of 23,995 shares of Barnes Group which is valued at $938,924. Barnes Group makes up approx 0.07% of First National Bank Of Omaha’s portfolio.Eagle Asset Management Inc boosted its stake in B in the latest quarter, The investment management firm added 26,802 additional shares and now holds a total of 454,318 shares of Barnes Group which is valued at $17,777,463. Barnes Group makes up approx 0.12% of Eagle Asset Management Inc’s portfolio.Eagle Boston Investment Management Inc boosted its stake in B in the latest quarter, The investment management firm added 2,082 additional shares and now holds a total of 263,236 shares of Barnes Group which is valued at $10,300,425. Barnes Group makes up approx 1.34% of Eagle Boston Investment Management Inc’s portfolio. Washington Trust Bank added B to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $2,013.

Barnes Group opened for trading at $38.82 and hit $39.41 on the upside on Friday, eventually ending the session at $38.91, with a gain of 0.70% or 0.27 points. The heightened volatility saw the trading volume jump to 1,33,776 shares. Company has a market cap of $2,095 M.

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.

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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