Badger Meter Inc. (NYSE:BMI) traded down 3.3% during trading on Monday . The stock traded as low as $66.59 and last traded at $68.75, with a volume of 95,905 shares. The stock had previously closed at $71.10.

BMI has been the topic of a number of research analyst reports. Zacks Investment Research raised Badger Meter from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday, April 21st. Ladenburg Thalmann raised Badger Meter from a “sell” rating to a “neutral” rating and set a $61.00 price target on the stock in a report on Thursday, May 5th. Robert W. Baird downgraded Badger Meter from an “outperform” rating to a “neutral” rating and upped their price target for the company from $67.00 to $70.00 in a report on Wednesday, April 20th. Finally, Sterne Agee CRT reaffirmed a “neutral” rating on shares of Badger Meter in a report on Monday, May 16th. Seven analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $63.80.

The firm has a market capitalization of $1.02 billion and a PE ratio of 32.48. The stock has a 50 day moving average of $71.39 and a 200-day moving average of $69.36.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.65 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.65. The firm had revenue of $102.80 million for the quarter, compared to analyst estimates of $104.54 million. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities analysts forecast that Badger Meter Inc. will post $2.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be issued a $0.23 dividend. The ex-dividend date is Monday, August 29th. This is an increase from Badger Meter’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.31%.

Several institutional investors recently modified their holdings of BMI. Rhumbline Advisers boosted its position in shares of Badger Meter by 7.5% in the fourth quarter. Rhumbline Advisers now owns 19,107 shares of the company’s stock valued at $1,119,000 after buying an additional 1,330 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Badger Meter by 0.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 47,328 shares of the company’s stock valued at $2,773,000 after buying an additional 275 shares during the period. KBC Group NV boosted its position in shares of Badger Meter by 63.5% in the fourth quarter. KBC Group NV now owns 55,706 shares of the company’s stock valued at $3,264,000 after buying an additional 21,641 shares during the period. US Bancorp DE boosted its position in shares of Badger Meter by 0.4% in the fourth quarter. US Bancorp DE now owns 28,161 shares of the company’s stock valued at $1,650,000 after buying an additional 117 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Badger Meter by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 164,692 shares of the company’s stock valued at $9,650,000 after buying an additional 35,793 shares during the period.

Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

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