Quantinno Capital Management LP Has $2.45 Million Stock Holdings in Brunswick Co. (NYSE:BC)

Quantinno Capital Management LP boosted its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 224.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,256 shares of the company's stock after buying an additional 20,230 shares during the period. Quantinno Capital Management LP's holdings in Brunswick were worth $2,452,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BC. V Square Quantitative Management LLC purchased a new position in shares of Brunswick in the 3rd quarter valued at about $26,000. Avior Wealth Management LLC increased its position in Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock worth $56,000 after purchasing an additional 612 shares in the last quarter. Covestor Ltd lifted its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after purchasing an additional 843 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock worth $97,000 after purchasing an additional 555 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of 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 buying an additional 483 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Buying and Selling

In other Brunswick news, 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 value of $29,349.54. Following the sale, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 19,218 shares of the company's stock, valued at $1,540,130.52. This represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 in the last three months. 0.81% of the stock is currently owned by insiders.

Brunswick Price Performance

BC stock traded down $0.30 on Wednesday, hitting $76.24. 186,541 shares of the company's stock traded hands, compared to its average volume of 688,602. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 19.03 and a beta of 1.50. Brunswick Co. has a 1-year low of $69.05 and a 1-year 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 stock has a fifty day moving average of $81.10 and a 200-day moving average of $78.57.

Brunswick Dividend Announcement

The business also recently disclosed 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 2.20%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick's dividend payout ratio is presently 41.79%.

Analyst Ratings Changes

A number of research analysts have recently commented on BC shares. Citigroup upped 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 reaffirmed a "buy" rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Finally, B. Riley cut shares of Brunswick from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.54.

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.