Johnson Investment Counsel Inc. Sells 1,969 Shares of BorgWarner Inc. (NYSE:BWA)

Johnson Investment Counsel Inc. lessened its position in BorgWarner Inc. (NYSE:BWA) by 18.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,433 shares of the auto parts company’s stock after selling 1,969 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in BorgWarner were worth $268,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in BorgWarner during the 3rd quarter valued at $32,000. True Wealth Design LLC purchased a new position in shares of BorgWarner in the 3rd quarter worth approximately $38,000. Avior Wealth Management LLC boosted its position in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of BorgWarner during the third quarter valued at about $62,000. Finally, Principal Securities Inc. raised its position in shares of BorgWarner by 59.1% in the 4th quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company’s stock valued at $62,000 after purchasing an additional 720 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BWA shares. TD Cowen lowered BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Friday, March 7th. Cowen cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their target price on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Barclays decreased their price objective on shares of BorgWarner from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, BorgWarner currently has an average rating of “Moderate Buy” and a consensus target price of $39.73.

BorgWarner Stock Performance

Shares of NYSE:BWA opened at $27.76 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner Inc. has a 1 year low of $27.65 and a 1 year high of $38.23. The firm has a market capitalization of $6.07 billion, a PE ratio of 19.42, a P/E/G ratio of 0.77 and a beta of 1.21. The business’s 50 day moving average price is $30.78 and its 200-day moving average price is $32.79.

BorgWarner (NYSE:BWA) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Monday, March 3rd. BorgWarner’s dividend payout ratio (DPR) is 30.77%.

Insider Transactions at BorgWarner

In other news, EVP Tania Wingfield sold 24,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the transaction, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. This represents a 38.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.07, for a total value of $249,581.00. Following the sale, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock worth $1,347,701 in the last ninety days. Insiders own 0.63% of the company’s stock.

BorgWarner Profile

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.