Johnson Investment Counsel Inc. Has $345,000 Stock Position in BorgWarner Inc. (NYSE:BWA)

Johnson Investment Counsel Inc. cut its stake in BorgWarner Inc. (NYSE:BWA) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,710 shares of the auto parts company’s stock after selling 1,295 shares during the period. Johnson Investment Counsel Inc.’s holdings in BorgWarner were worth $345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riverview Trust Co bought a new position in shares of BorgWarner during the first quarter valued at $30,000. LRI Investments LLC increased its position in shares of BorgWarner by 2,685.3% during the 2nd quarter. LRI Investments LLC now owns 947 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 913 shares in the last quarter. Sentry Investment Management LLC bought a new position in BorgWarner during the 2nd quarter valued at about $32,000. Olistico Wealth LLC acquired a new position in BorgWarner in the second quarter valued at about $35,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in BorgWarner by 12,144.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,102 shares of the auto parts company’s stock worth $38,000 after buying an additional 1,093 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

BorgWarner Price Performance

Shares of BWA stock opened at $32.21 on Friday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $42.27. The stock has a market cap of $7.34 billion, a PE ratio of 12.20, a PEG ratio of 0.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.62. The firm’s 50 day moving average price is $32.79 and its two-hundred day moving average price is $33.53.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the firm earned $1.35 earnings per share. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. As a group, analysts forecast that BorgWarner Inc. will post 4.1 EPS for the current year.

BorgWarner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a $0.11 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.37%. BorgWarner’s payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BWA shares. Citigroup reduced their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $36.00 price target on shares of BorgWarner in a report on Tuesday, September 10th. Wolfe Research initiated coverage on shares of BorgWarner in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Barclays boosted their target price on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.07.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.74, for a total value of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total value of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares in the company, valued at $1,472,512. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Tonit M. Calaway sold 10,868 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.74, for a total transaction of $344,950.32. Following the completion of the sale, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

BorgWarner Company 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.