Brunswick Co. (NYSE:BC) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC raised its holdings in shares of Brunswick Co. (NYSE:BC) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,984 shares of the company’s stock after purchasing an additional 2,030 shares during the period. Pathstone Holdings LLC’s holdings in Brunswick were worth $2,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&G Plc grew its position in Brunswick by 15.1% during the 2nd quarter. M&G Plc now owns 55,218 shares of the company’s stock worth $4,031,000 after purchasing an additional 7,261 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Brunswick by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company’s stock valued at $671,000 after acquiring an additional 6,874 shares during the period. Swedbank AB purchased a new position in Brunswick in the 1st quarter worth $19,304,000. Sei Investments Co. lifted its position in Brunswick by 7.6% during the 2nd quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock worth $16,087,000 after acquiring an additional 15,602 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in Brunswick during the 2nd quarter valued at about $8,289,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Trading Up 4.2 %

BC stock opened at $85.82 on Tuesday. Brunswick Co. has a 52-week low of $69.05 and a 52-week high of $99.68. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The firm has a market cap of $5.66 billion, a P/E ratio of 21.35 and a beta of 1.51. The company’s 50-day simple moving average is $81.92 and its 200-day simple moving average is $78.78.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.96%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is currently 41.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, July 29th. Citigroup upped their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Benchmark reissued a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.23.

Insider Activity

In related news, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the transaction, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 8.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock worth $2,321,176 over the last three months. 0.81% of the stock is currently owned by corporate insiders.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.