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Barnes Group Inc. (B) Is At $61.60 Formed Wedge; Nuveen Ohio Quality Income Municipal Fund (NUO) Sentiment Is 1.67

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Barnes Group Inc. (B) formed wedge down with $58.52 target or 5.00% below today’s $61.60 share price. Barnes Group Inc. (B) has $3.27 billion valuation. The stock decreased 0.87% or $0.54 during the last trading session, reaching $61.6. About 64,324 shares traded. Barnes Group Inc. (NYSE:B) has risen 19.73% since April 23, 2017 and is uptrending. It has outperformed by 8.18% the S&P500.

Nuveen Ohio Quality Income Municipal Fund (NUO) investors sentiment increased to 1.67 in Q4 2017. It’s up 0.59, from 1.08 in 2017Q3. The ratio is more positive, as 15 funds increased or started new positions, while 9 cut down and sold stakes in Nuveen Ohio Quality Income Municipal Fund. The funds in our database reported: 1.79 million shares, up from 1.63 million shares in 2017Q3. Also, the number of funds holding Nuveen Ohio Quality Income Municipal Fund in top ten positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 7 Increased: 11 New Position: 4.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on April, 27 before the open. They expect $0.67 EPS, down 5.63% or $0.04 from last year’s $0.71 per share. B’s profit will be $35.57 million for 22.99 P/E if the $0.67 EPS becomes a reality. After $0.71 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts -5.63% negative EPS growth.

Among 8 analysts covering Barnes Group (NYSE:B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Barnes Group has $70 highest and $36 lowest target. $57’s average target is -7.47% below currents $61.6 stock price. Barnes Group had 24 analyst reports since July 28, 2015 according to SRatingsIntel. Oppenheimer upgraded the stock to “Outperform” rating in Friday, August 7 report. Robert W. Baird maintained the stock with “Hold” rating in Friday, February 16 report. The firm earned “Buy” rating on Thursday, April 7 by Deutsche Bank. The stock of Barnes Group Inc. (NYSE:B) earned “Buy” rating by Deutsche Bank on Friday, September 8. Sidoti upgraded the shares of B in report on Tuesday, January 12 to “Buy” rating. The firm has “Buy” rating by Oppenheimer given on Friday, July 28. On Friday, October 27 the stock rating was maintained by Robert W. Baird with “Hold”. The stock of Barnes Group Inc. (NYSE:B) has “Outperform” rating given on Friday, February 12 by Oppenheimer. The company was initiated on Thursday, January 19 by SunTrust. SunTrust maintained Barnes Group Inc. (NYSE:B) on Monday, January 8 with “Hold” rating.

Since February 21, 2018, it had 3 insider purchases, and 4 insider sales for $743,077 activity. Another trade for 1,700 shares valued at $107,712 was made by BARNES THOMAS O on Friday, February 23. MANGUM MYLLE H sold 1,000 shares worth $63,500. 29 Barnes Group Inc. (NYSE:B) shares with value of $1,809 were bought by BENANAV GARY G. 7,860 shares were sold by ACKER MARIAN, worth $496,161 on Wednesday, February 21. Shares for $80,678 were bought by Hipple Richard J.

Investors sentiment increased to 1.31 in Q4 2017. Its up 0.06, from 1.25 in 2017Q3. It is positive, as 23 investors sold Barnes Group Inc. shares while 64 reduced holdings. 35 funds opened positions while 79 raised stakes. 45.52 million shares or 0.42% less from 45.71 million shares in 2017Q3 were reported. Fifth Third Commercial Bank holds 0% or 269 shares. Bb&T Ltd Llc holds 0% of its portfolio in Barnes Group Inc. (NYSE:B) for 4,479 shares. Wellington Mngmt Grp Llp holds 0% or 34,799 shares in its portfolio. Alps Advisors reported 7,319 shares or 0% of all its holdings. Teachers Retirement System Of The State Of Kentucky holds 0.01% or 15,800 shares. Pinebridge Ltd Partnership has invested 0.07% in Barnes Group Inc. (NYSE:B). Adams Diversified Equity Fund Inc holds 14,600 shares or 0.05% of its portfolio. Geode Cap Limited invested in 414,112 shares or 0.01% of the stock. Citigroup Inc reported 0% in Barnes Group Inc. (NYSE:B). Jefferies Gp Ltd Liability Corp invested in 6,941 shares or 0% of the stock. Proshare Advisors Ltd Liability Co invested in 0% or 9,319 shares. Legal General Public Limited Liability Com reported 0% stake. Moreover, Tiverton Asset Management Ltd has 0.24% invested in Barnes Group Inc. (NYSE:B). Comerica Natl Bank stated it has 0.02% in Barnes Group Inc. (NYSE:B). Argyle Capital Mngmt has invested 0.31% in Barnes Group Inc. (NYSE:B).

The stock decreased 0.33% or $0.05 during the last trading session, reaching $13.61. About 13,397 shares traded. Nuveen Ohio Quality Municipal I (NUO) has declined 7.06% since April 23, 2017 and is downtrending. It has underperformed by 18.61% the S&P500.

Karpus Management Inc. holds 0.39% of its portfolio in Nuveen Ohio Quality Municipal I for 580,851 shares. Investors Asset Management Of Georgia Inc Ga Adv owns 13,300 shares or 0.14% of their US portfolio. Moreover, Bartlett & Co. Llc has 0.05% invested in the company for 93,189 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.05% in the stock. Advisory Services Network Llc, a Georgia-based fund reported 4,894 shares.

Barnes Group Inc. (NYSE:B) Institutional Positions Chart

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