Brunswick Co. (NYSE:BC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in shares of Brunswick Co. (NYSE:BC) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,835 shares of the company’s stock after selling 144 shares during the period. Farther Finance Advisors LLC’s holdings in Brunswick were worth $321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. lifted its position in Brunswick by 88.0% in the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after purchasing an additional 1,137,568 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Brunswick in the first quarter valued at $38,655,000. New York State Common Retirement Fund boosted its stake in Brunswick by 447.5% during the third quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock valued at $22,772,000 after buying an additional 222,062 shares in the last quarter. Swedbank AB acquired a new position in Brunswick during the first quarter worth about $19,304,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Brunswick in the third quarter worth about $15,907,000. 99.34% of the stock is currently owned by institutional investors.

Brunswick Trading Up 0.4 %

Shares of NYSE BC opened at $83.87 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a one year low of $69.05 and a one year high of $99.68. The business has a 50-day moving average price of $81.01 and a two-hundred day moving average price of $78.90. The firm has a market capitalization of $5.53 billion, a PE ratio of 20.86 and a beta of 1.51.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s payout ratio is presently 41.79%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BC. JPMorgan Chase & Co. reduced their price objective on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Jefferies Financial Group restated a “hold” rating and set a $70.00 target price (down from $115.00) on shares of Brunswick in a report on Friday, July 26th. Stifel Nicolaus dropped their price target on Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Citigroup raised their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

Insider Buying and Selling at Brunswick

In related news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is currently owned by company insiders.

Brunswick Company Profile

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.