News articles about Badger Meter (NYSE:BMI) have trended positive on Friday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Badger Meter earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 47.6823759964769 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Badger Meter from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Robert W. Baird reaffirmed a “hold” rating and set a $45.00 target price on shares of Badger Meter in a research note on Friday, July 20th. Stifel Nicolaus upped their target price on shares of Badger Meter from $41.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, July 20th. ValuEngine raised shares of Badger Meter from a “hold” rating to a “buy” rating in a research note on Saturday, June 16th. Finally, Canaccord Genuity raised shares of Badger Meter from a “sell” rating to a “hold” rating and upped their target price for the stock from $40.00 to $44.00 in a research note on Friday, June 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.80.

BMI traded up $0.25 during trading hours on Friday, hitting $55.90. 172 shares of the company’s stock were exchanged, compared to its average volume of 81,993. Badger Meter has a 12-month low of $41.00 and a 12-month high of $56.40. The company has a market cap of $1.62 billion, a P/E ratio of 46.81, a PEG ratio of 4.32 and a beta of 0.70.

Badger Meter (NYSE:BMI) last announced its earnings results on Wednesday, July 18th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Badger Meter had a net margin of 6.96% and a return on equity of 12.51%. The firm had revenue of $113.65 million for the quarter, compared to the consensus estimate of $111.03 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. research analysts predict that Badger Meter will post 1.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This is an increase from Badger Meter’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. Badger Meter’s dividend payout ratio is currently 50.42%.

In other Badger Meter news, VP Gregory M. Gomez sold 6,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $54.82, for a total value of $328,920.00. Following the sale, the vice president now directly owns 17,016 shares of the company’s stock, valued at approximately $932,817.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Fred J. Begale sold 2,362 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $55.01, for a total transaction of $129,933.62. Following the completion of the sale, the vice president now directly owns 7,269 shares in the company, valued at $399,867.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,362 shares of company stock worth $2,426,234. Insiders own 2.80% of the company’s stock.

Badger Meter Company Profile

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

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Insider Buying and Selling by Quarter for Badger Meter (NYSE:BMI)

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