Federated Hermes increased its stake in Brunswick Co., while earnings per share missed estimates.

Federated Hermes Inc. raised its stake in Brunswick Co. by 1.7%, owning 838,996 shares valued at $61.05 million. Other institutional investors also increased their holdings. Brunswick reported a net margin of 5.92% and a return on equity of 23.46%, but earnings per share of $1.80 fell short of estimates. The company declared a quarterly dividend of $0.42, yielding 2.12%. Brunswick's stock has a "Moderate Buy" rating with a target price of $88.21.