Badger Meter, Inc. (NYSE:BMI) VP Richard E. Johnson sold 5,854 shares of the company’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $59.15, for a total value of $346,264.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE BMI traded down $0.17 during mid-day trading on Monday, reaching $59.22. 134,474 shares of the company’s stock were exchanged, compared to its average volume of 106,316. The stock has a market cap of $1.73 billion, a PE ratio of 38.45, a P/E/G ratio of 3.82 and a beta of 0.79. Badger Meter, Inc. has a 52-week low of $41.00 and a 52-week high of $59.98.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Tuesday, February 5th. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $104.40 million during the quarter, compared to analysts’ expectations of $103.54 million. Badger Meter had a return on equity of 15.39% and a net margin of 6.41%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. Analysts expect that Badger Meter, Inc. will post 1.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, February 27th. Badger Meter’s dividend payout ratio is presently 38.96%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Badger Meter by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,477 shares of the scientific and technical instruments company’s stock worth $1,057,000 after purchasing an additional 221 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in Badger Meter by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,918 shares of the scientific and technical instruments company’s stock worth $340,000 after acquiring an additional 225 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its stake in Badger Meter by 0.8% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 31,659 shares of the scientific and technical instruments company’s stock worth $1,558,000 after acquiring an additional 237 shares in the last quarter. Cardinal Capital Management lifted its stake in Badger Meter by 1.5% during the 4th quarter. Cardinal Capital Management now owns 21,188 shares of the scientific and technical instruments company’s stock worth $1,042,000 after acquiring an additional 320 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Badger Meter by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 8,963 shares of the scientific and technical instruments company’s stock worth $441,000 after acquiring an additional 348 shares in the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 18th. Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a report on Tuesday, February 5th. Berenberg Bank upgraded Badger Meter from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Finally, Maxim Group reiterated a “buy” rating and set a $65.00 price target on shares of Badger Meter in a report on Monday, January 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $50.33.

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About Badger Meter

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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