Copeland Capital Management LLC Sells 52,219 Shares of Brunswick Corporation $BC

Copeland Capital Management LLC decreased its stake in shares of Brunswick Corporation (NYSE:BC) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 906,647 shares of the company’s stock after selling 52,219 shares during the period. Brunswick comprises about 1.5% of Copeland Capital Management LLC’s holdings, making the stock its 14th biggest position. Copeland Capital Management LLC’s holdings in Brunswick were worth $67,310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BC. American Century Companies Inc. boosted its position in shares of Brunswick by 56.4% during the third quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock worth $145,637,000 after acquiring an additional 830,451 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Brunswick by 70.1% during the third quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock worth $107,518,000 after acquiring an additional 700,447 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Brunswick by 812.7% during the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock worth $38,934,000 after acquiring an additional 628,393 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Brunswick by 62.4% during the third quarter. Marshall Wace LLP now owns 1,471,536 shares of the company’s stock worth $93,060,000 after acquiring an additional 565,459 shares during the last quarter. Finally, Interval Partners LP boosted its position in shares of Brunswick by 268.6% during the third quarter. Interval Partners LP now owns 521,401 shares of the company’s stock worth $32,973,000 after acquiring an additional 379,937 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling at Brunswick

In other news, CEO David M. Foulkes sold 38,266 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $86.56, for a total value of $3,312,304.96. Following the sale, the chief executive officer owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. This represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher F. Dekker sold 4,981 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $87.38, for a total transaction of $435,239.78. Following the completion of the sale, the vice president directly owned 39,740 shares in the company, valued at approximately $3,472,481.20. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. DA Davidson upped their target price on shares of Brunswick from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Roth Mkm restated a “buy” rating and set a $94.00 target price (up from $79.00) on shares of Brunswick in a research report on Friday, January 30th. Wolfe Research set a $90.00 target price on shares of Brunswick in a research report on Monday, January 12th. Wall Street Zen upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, Morgan Stanley set a $82.00 price objective on shares of Brunswick in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brunswick has an average rating of “Hold” and an average price target of $84.57.

Brunswick Trading Down 0.5%

Shares of BC opened at $80.02 on Friday. Brunswick Corporation has a twelve month low of $44.30 and a twelve month high of $90.25. The company has a market cap of $5.21 billion, a P/E ratio of -37.75 and a beta of 1.38. The company has a current ratio of 1.44, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $77.02 and its 200-day simple moving average is $74.81.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, analysts expect that Brunswick Corporation will post 4.26 EPS for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, February 23rd were paid a $0.44 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 23rd. Brunswick’s payout ratio is currently -83.02%.

Brunswick Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.