Badger Meter (NYSE:BMI) VP Kimberly Stoll Sells 148 Shares

Badger Meter, Inc. (NYSE:BMI) VP Kimberly Stoll sold 148 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $150.38, for a total value of $22,256.24. Following the transaction, the vice president owned 4,890 shares in the company, valued at $735,358.20. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Badger Meter Stock Performance

Shares of BMI traded down $3.52 on Tuesday, reaching $148.68. The stock had a trading volume of 606,264 shares, compared to its average volume of 416,741. Badger Meter, Inc. has a 12-month low of $139.14 and a 12-month high of $256.08. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.87. The company has a 50-day simple moving average of $163.55 and a 200-day simple moving average of $174.43.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.01). Badger Meter had a return on equity of 20.71% and a net margin of 15.45%.The business had revenue of $220.71 million for the quarter, compared to the consensus estimate of $232.30 million. During the same period in the previous year, the firm earned $1.04 EPS. The company’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.60 annualized dividend and a yield of 1.1%. Badger Meter’s dividend payout ratio is 33.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC bought a new stake in Badger Meter during the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Badger Meter by 76.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in Badger Meter during the 4th quarter valued at $27,000. Caitlin John LLC purchased a new stake in Badger Meter during the 3rd quarter valued at $31,000. Finally, Brown Brothers Harriman & Co. lifted its position in Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 71 shares during the last quarter. Institutional investors own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

BMI has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $191.00 price target (down from $229.00) on shares of Badger Meter in a research note on Thursday, January 29th. Barclays set a $136.00 price target on Badger Meter and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Argus downgraded Badger Meter from a “buy” rating to a “hold” rating in a research report on Monday, February 2nd. Stifel Nicolaus set a $166.00 target price on Badger Meter and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $167.00 price target on shares of Badger Meter in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $181.88.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.