Baillie Gifford & Co. Lowers Stock Position in Brunswick Co. (NYSE:BC)

Baillie Gifford & Co. decreased its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,367,140 shares of the company's stock after selling 63,843 shares during the quarter. Baillie Gifford & Co. owned approximately 3.59% of Brunswick worth $198,414,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. M&G Plc boosted its holdings in Brunswick by 15.1% in the second quarter. M&G Plc now owns 55,218 shares of the company's stock valued at $4,031,000 after purchasing an additional 7,261 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Brunswick by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company's stock valued at $7,942,000 after acquiring an additional 8,456 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock worth $701,331,000 after purchasing an additional 160,531 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Brunswick by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company's stock worth $671,000 after purchasing an additional 6,874 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Brunswick in the 1st quarter valued at about $19,304,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Buying and Selling at Brunswick

In related news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction dated Friday, October 25th. The shares were 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 in the company, valued at $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock valued at $2,321,176 over the last quarter. Corporate insiders own 0.81% of the company's stock.

Analyst Ratings Changes

BC has been the topic of several research analyst reports. Roth Mkm reaffirmed a "buy" rating and set a $94.00 price target on shares of Brunswick in a research report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, July 24th. Citigroup lifted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Benchmark reissued a "buy" rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.23.

Brunswick Price Performance

Shares of BC stock traded down $2.33 during mid-day trading on Tuesday, reaching $80.98. The stock had a trading volume of 172,752 shares, compared to its average volume of 706,285. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The business has a 50-day simple moving average of $81.09 and a 200 day simple moving average of $78.82. The company has a market cap of $5.34 billion, a P/E ratio of 20.71 and a beta of 1.51.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 2.07%. The ex-dividend date is Wednesday, November 20th. Brunswick's payout ratio is currently 41.79%.

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.