Carl P. Sherr & Co. LLC Has $403,000 Stake in Brunswick Co. (NYSE:BC)

Carl P. Sherr & Co. LLC decreased its position in Brunswick Co. (NYSE:BC) by 7.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,803 shares of the company’s stock after selling 408 shares during the period. Carl P. Sherr & Co. LLC’s holdings in Brunswick were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. De Lisle Partners LLP acquired a new stake in Brunswick during the third quarter worth approximately $3,428,000. BNP Paribas Financial Markets lifted its stake in Brunswick by 134.5% during the third quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company’s stock worth $563,000 after purchasing an additional 3,850 shares during the last quarter. Quantbot Technologies LP lifted its stake in Brunswick by 6.6% during the third quarter. Quantbot Technologies LP now owns 36,934 shares of the company’s stock worth $3,096,000 after purchasing an additional 2,296 shares during the last quarter. Bank of Montreal Can lifted its stake in Brunswick by 8.5% during the third quarter. Bank of Montreal Can now owns 43,592 shares of the company’s stock worth $3,685,000 after purchasing an additional 3,399 shares during the last quarter. Finally, Garner Asset Management Corp lifted its stake in Brunswick by 4.1% during the third quarter. Garner Asset Management Corp now owns 63,163 shares of the company’s stock worth $5,294,000 after purchasing an additional 2,501 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In related news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value 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 approximately $20,142,760.68. The trade was a 8.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on BC shares. Citigroup increased their price objective on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $88.00 in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.54.

Brunswick Trading Down 0.1 %

NYSE:BC opened at $80.62 on Friday. 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 market capitalization of $5.32 billion, a PE ratio of 20.05 and a beta of 1.51. The firm’s 50 day moving average is $81.87 and its 200 day moving average is $78.77. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.08%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

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.