Brunswick Co. (NYSE:BC) Stock Holdings Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in shares of Brunswick Co. (NYSE:BC) by 7.6% in the third quarter, HoldingsChannel reports. The firm owned 10,110 shares of the company’s stock after purchasing an additional 711 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Brunswick were worth $847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in shares of Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after purchasing an additional 145 shares during the period. Inspire Investing LLC increased its position in Brunswick by 2.8% in the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after acquiring an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after acquiring an additional 174 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Brunswick by 7.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,905 shares of the company’s stock worth $280,000 after acquiring an additional 197 shares during the period. Finally, Comerica Bank grew its stake in shares of Brunswick by 0.6% in the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock worth $3,431,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Down 0.8 %

Shares of Brunswick stock opened at $80.20 on Friday. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68. The firm has a market capitalization of $5.29 billion, a PE ratio of 19.95 and a beta of 1.51. 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 stock’s fifty day moving average is $81.41 and its 200-day moving average is $78.82.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.09%. Brunswick’s dividend payout ratio is currently 41.79%.

Insider Activity at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. The trade was a 8.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the sale, the director now directly owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Jefferies Financial Group reaffirmed a “hold” rating and set a $70.00 price target (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

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.