Badger Meter, Inc. (NYSE:BMI) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $48.50.

BMI has been the topic of several analyst reports. Canaccord Genuity restated a “hold” rating and set a $40.00 price target on shares of Badger Meter in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Sidoti raised their price target on shares of Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Robert W. Baird restated a “hold” rating and set a $44.00 price target on shares of Badger Meter in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $43.00 price target (down previously from $49.00) on shares of Badger Meter in a research report on Tuesday, October 17th.

In related news, CFO Richard E. Johnson sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total transaction of $327,960.00. Following the sale, the chief financial officer now owns 105,976 shares in the company, valued at $4,827,206.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Fred J. Begale sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the sale, the vice president now owns 7,609 shares in the company, valued at approximately $346,970.40. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Badger Meter by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock valued at $112,703,000 after purchasing an additional 33,137 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Badger Meter by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,658,855 shares of the scientific and technical instruments company’s stock valued at $66,105,000 after purchasing an additional 41,724 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Badger Meter by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock valued at $44,926,000 after purchasing an additional 10,712 shares during the period. State Street Corp grew its position in shares of Badger Meter by 4.7% in the second quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock valued at $28,513,000 after purchasing an additional 32,322 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in shares of Badger Meter by 8.5% in the second quarter. UBS Asset Management Americas Inc. now owns 567,899 shares of the scientific and technical instruments company’s stock valued at $22,631,000 after purchasing an additional 44,702 shares during the period. Institutional investors and hedge funds own 82.87% of the company’s stock.

Badger Meter (BMI) traded down $0.45 during midday trading on Wednesday, hitting $47.80. 97,886 shares of the company’s stock were exchanged, compared to its average volume of 119,145. The stock has a market capitalization of $1,390.00, a PE ratio of 41.57 and a beta of 0.67. Badger Meter has a fifty-two week low of $34.40 and a fifty-two week high of $52.10.

Badger Meter (NYSE:BMI) last issued its earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). Badger Meter had a return on equity of 12.62% and a net margin of 8.39%. The business had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $102.86 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. analysts expect that Badger Meter will post 1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.52 annualized dividend and a yield of 1.09%. Badger Meter’s dividend payout ratio is presently 45.22%.

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About Badger Meter

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.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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