Pathstone Holdings LLC Buys 2,030 Shares of Brunswick Co. (NYSE:BC)

Pathstone Holdings LLC grew its position in shares of Brunswick Co. (NYSE:BC) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & 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 reporting period.

Several other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in Brunswick during the third quarter valued at $26,000. Covestor Ltd lifted its holdings in shares of Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after acquiring an additional 843 shares during the last quarter. GAMMA Investing LLC grew its position in Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after acquiring an additional 555 shares in the last quarter. Fifth Third Bancorp increased its stake in Brunswick by 47.0% during the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after acquiring an additional 483 shares during the last quarter. Finally, CWM LLC raised its position in Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares during the period. 99.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup boosted their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Finally, Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $89.23.

Brunswick Stock Up 4.2 %

Shares of NYSE BC 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 firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 21.35 and a beta of 1.51. The stock has a 50 day moving average price of $81.92 and a 200 day moving average price of $78.78. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

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 given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is 41.79%.

Insider Activity

In other news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now 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. Over the last 90 days, insiders have sold 28,940 shares of company stock worth $2,321,176. Company insiders own 0.81% of the company’s stock.

Brunswick 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.