Badger Meter, Inc. (NYSE:BMI) shares reached a new 52-week high on Thursday . The stock traded as high as $47.35 and last traded at $47.20, with a volume of 92,984 shares traded. The stock had previously closed at $46.60.

BMI has been the topic of several analyst reports. Canaccord Genuity reissued a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a research report on Wednesday, May 24th. Zacks Investment Research downgraded shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Badger Meter from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Sidoti reissued a “buy” rating and issued a $52.00 target price (up from $50.00) on shares of Badger Meter in a research report on Monday, June 19th. Finally, Stifel Nicolaus initiated coverage on shares of Badger Meter in a research report on Monday. They issued a “hold” rating and a $43.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.25.

The firm has a 50-day moving average of $45.01 and a 200-day moving average of $40.39. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 40.106 and a beta of 0.57.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $104.17 million for the quarter, compared to the consensus estimate of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. Badger Meter’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. On average, analysts predict that Badger Meter, Inc. will post $1.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Badger Meter’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, August 29th. Badger Meter’s dividend payout ratio (DPR) is currently 44.44%.

In related news, VP Beverly L. P. Smiley sold 19,610 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $45.14, for a total transaction of $885,195.40. Following the completion of the sale, the vice president now directly owns 68,926 shares of the company’s stock, valued at approximately $3,111,319.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew J. Policano sold 8,850 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $45.67, for a total value of $404,179.50. Following the sale, the director now directly owns 32,561 shares of the company’s stock, valued at $1,487,060.87. The disclosure for this sale can be found here. Insiders sold a total of 63,340 shares of company stock worth $2,859,651 over the last quarter. 4.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Badger Meter by 24,345.9% during the 1st quarter. BlackRock Inc. now owns 3,496,500 shares of the scientific and technical instruments company’s stock worth $128,499,000 after purchasing an additional 3,482,197 shares in the last quarter. Vanguard Group Inc. increased its stake in Badger Meter by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock worth $112,703,000 after purchasing an additional 33,137 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Badger Meter by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,658,855 shares of the scientific and technical instruments company’s stock worth $66,105,000 after purchasing an additional 41,724 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Badger Meter by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock worth $44,926,000 after purchasing an additional 10,712 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Badger Meter by 34.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 954,492 shares of the scientific and technical instruments company’s stock worth $35,077,000 after purchasing an additional 244,086 shares in the last quarter. 83.96% of the stock is owned by institutional investors and hedge funds.

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Badger Meter Company Profile

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

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