Badger Meter, Inc. (NYSE:BMI) has been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $44.00.

Several research analysts have recently weighed in on BMI shares. Sidoti reiterated a “buy” rating and set a $52.00 price target (up previously from $50.00) on shares of Badger Meter in a research note on Monday, June 19th. BidaskClub upgraded shares of Badger Meter from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus started coverage on shares of Badger Meter in a research note on Monday, September 18th. They set a “hold” rating and a $43.00 price target on the stock. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a research note on Friday, July 21st.

In related news, VP Beverly L. P. Smiley sold 19,610 shares of Badger Meter stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $45.14, for a total transaction of $885,195.40. Following the transaction, the vice president now owns 68,926 shares in the company, valued at approximately $3,111,319.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew J. Policano sold 8,850 shares of Badger Meter stock in a transaction on Friday, September 1st. The shares were sold at an average price of $45.67, for a total transaction of $404,179.50. Following the transaction, the director now owns 32,561 shares in the company, valued at approximately $1,487,060.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,340 shares of company stock worth $2,859,651. 4.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BMI. Teachers Advisors LLC lifted its stake in shares of Badger Meter by 16.1% during the 4th quarter. Teachers Advisors LLC now owns 52,418 shares of the scientific and technical instruments company’s stock valued at $1,937,000 after buying an additional 7,256 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Badger Meter by 1.3% during the 1st quarter. Bank of Montreal Can now owns 17,215 shares of the scientific and technical instruments company’s stock valued at $633,000 after buying an additional 221 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Badger Meter by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the scientific and technical instruments company’s stock valued at $437,000 after buying an additional 200 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Badger Meter by 6.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,846 shares of the scientific and technical instruments company’s stock valued at $1,463,000 after buying an additional 2,436 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Badger Meter by 19.5% during the 1st quarter. First Trust Advisors LP now owns 165,712 shares of the scientific and technical instruments company’s stock valued at $6,090,000 after buying an additional 27,063 shares in the last quarter. Institutional investors own 83.96% of the company’s stock.

Badger Meter (BMI) traded up 2.11% on Monday, hitting $48.35. 193,305 shares of the stock traded hands. The company’s 50 day moving average price is $45.01 and its 200-day moving average price is $40.39. Badger Meter has a 52-week low of $29.30 and a 52-week high of $48.45. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 40.97 and a beta of 0.57.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.13 per share. This is a boost from Badger Meter’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.08%. Badger Meter’s payout ratio is 44.44%.

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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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