Brunswick Co. (NYSE:BC) Shares Acquired by Copeland Capital Management LLC

Copeland Capital Management LLC increased its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 949,094 shares of the company's stock after buying an additional 101,123 shares during the period. Brunswick comprises approximately 1.4% of Copeland Capital Management LLC's holdings, making the stock its 17th largest holding. Copeland Capital Management LLC owned about 1.40% of Brunswick worth $79,553,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Inspire Investing LLC boosted its holdings in shares of 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 buying an additional 153 shares in the last quarter. Inspire Advisors LLC grew its stake in Brunswick by 7.9% during the 1st quarter. Inspire Advisors LLC now owns 2,268 shares of the company's stock worth $219,000 after buying an additional 166 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased 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 valued at $280,000 after buying an additional 197 shares in the last quarter. Comerica Bank increased its position in Brunswick by 0.6% during the 1st quarter. Comerica Bank now owns 35,548 shares of the company's stock valued at $3,431,000 after buying an additional 205 shares in the last quarter. Finally, CWM LLC boosted its holdings in Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company's stock worth $111,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Roth Mkm restated a "buy" rating and set a $94.00 price objective on shares of Brunswick in a report on Thursday, July 25th. Benchmark reaffirmed a "buy" rating and issued a $100.00 price target on shares of Brunswick in a report on Friday, July 26th. Citigroup boosted 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. B. Riley cut their target price on Brunswick from $108.00 to $97.00 and set a "buy" rating on the stock in a research report on Wednesday, July 10th. Finally, Northcoast Research upgraded Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.23.

Brunswick Stock Performance

Shares of BC traded down $2.73 during trading hours on Tuesday, hitting $78.82. The stock had a trading volume of 923,758 shares, compared to its average volume of 713,243. The firm has a 50-day moving average price of $80.03 and a 200 day moving average price of $79.39. Brunswick Co. has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 15.16 and a beta of 1.51. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the company earned $2.35 earnings per share. The company's revenue was down 15.2% compared to the same quarter last year. As a group, research analysts anticipate that Brunswick Co. will post 5.26 EPS for the current year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick's payout ratio is 31.23%.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $81.34, for a total transaction of $29,119.72. Following the transaction, the director now directly owns 23,877 shares of the company's stock, valued at $1,942,155.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

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.