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

BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Wednesday, February 5th,NASDAQ Dividends reports. Investors 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 dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd.

BorgWarner has decreased its dividend 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. Research 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 Down 0.8 %

BWA stock traded down $0.24 during midday trading 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. The firm has a 50-day simple moving average of $32.50 and a 200-day simple moving average of $33.30. The firm has a market capitalization of $6.56 billion, a P/E ratio of 7.61, a PEG ratio of 0.66 and a beta of 1.18. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. BorgWarner has a 52-week low of $29.33 and a 52-week high of $38.22.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. As a group, equities analysts forecast that BorgWarner will post 4.23 EPS for the current year.

Analysts Set New Price Targets

BWA has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Guggenheim reaffirmed a “buy” rating and issued a $41.00 price target on shares of BorgWarner in a report on Thursday, December 12th. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Finally, The Goldman Sachs Group lowered their target price on shares of BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

Insiders Place Their Bets

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