BorgWarner Inc. Plans Quarterly Dividend of $0.11 (NYSE:BWA)

BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Wednesday, February 5th,NASDAQ Dividends reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.11 per share by the auto parts company on Monday, March 17th. This represents a $0.44 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd.

BorgWarner has decreased its dividend payment by an average of 13.5% per year over the last three years. BorgWarner has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect BorgWarner to earn $4.56 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 9.6%.

BorgWarner Stock Performance

Shares of BWA stock traded down $0.24 on Friday, hitting $30.00. The company’s stock had a trading volume of 4,107,052 shares, compared to its average volume of 2,578,414. BorgWarner has a fifty-two week low of $29.33 and a fifty-two week high of $38.22. The company has a market capitalization of $6.56 billion, a PE ratio of 7.61, a PEG ratio of 0.66 and a beta of 1.18. The stock’s 50 day moving average is $32.42 and its 200-day moving average is $33.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.84.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. Equities research analysts expect that BorgWarner will post 4.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on BWA shares. Wells Fargo & Company boosted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Guggenheim restated a “buy” rating and set a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. The Goldman Sachs Group reduced their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus price target of $40.47.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CEO Frederic Lissalde sold 154,000 shares of BorgWarner stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the transaction, the chief executive officer now directly owns 259,957 shares of the company’s stock, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stefan Demmerle sold 21,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.79, for a total transaction of $747,985.00. Following the completion of the sale, the vice president now directly owns 227,513 shares of the company’s stock, valued at $7,915,177.27. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 222,010 shares of company stock worth $7,678,076. 0.63% of the stock is owned by corporate insiders.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.