Badger Meter (NYSE:BMI)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $51.00 price target on the scientific and technical instruments company’s stock, up from their previous price target of $45.00. Stifel Nicolaus’ price target indicates a potential upside of 4.72% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Robert W. Baird reissued a “hold” rating and set a $44.00 target price on shares of Badger Meter in a research report on Tuesday, October 17th. Canaccord Genuity restated a “hold” rating and issued a $40.00 price target on shares of Badger Meter in a report on Friday, October 6th. Finally, 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 report on Thursday, October 5th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Badger Meter currently has a consensus rating of “Hold” and a consensus target price of $50.00.

Shares of Badger Meter (BMI) traded up $0.45 during mid-day trading on Tuesday, reaching $48.70. 56,100 shares of the company’s stock were exchanged, compared to its average volume of 90,378. Badger Meter has a twelve month low of $34.40 and a twelve month high of $52.10. The stock has a market capitalization of $1,420.00, a PE ratio of 42.35 and a beta of 0.68.

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

In other news, CFO Richard E. Johnson sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total transaction of $327,960.00. Following the transaction, the chief financial officer now owns 105,976 shares of the company’s stock, valued at approximately $4,827,206.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Fred J. Begale sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the transaction, the vice president now directly 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 owned by insiders.

A number of large investors have recently modified their holdings of BMI. Schwab Charles Investment Management Inc. increased its stake in Badger Meter by 5.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 123,181 shares of the scientific and technical instruments company’s stock worth $4,909,000 after purchasing an additional 6,640 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Badger Meter during the second quarter worth approximately $140,000. Legal & General Group Plc increased its stake in shares of Badger Meter by 9.2% during the second quarter. Legal & General Group Plc now owns 56,941 shares of the scientific and technical instruments company’s stock worth $2,268,000 after buying an additional 4,782 shares during the period. Victory Capital Management Inc. boosted its holdings in Badger Meter by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,264 shares of the scientific and technical instruments company’s stock valued at $210,000 after purchasing an additional 789 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Badger Meter by 6.8% in the second quarter. Principal Financial Group Inc. now owns 275,333 shares of the scientific and technical instruments company’s stock valued at $10,972,000 after acquiring an additional 17,605 shares during the period. Institutional investors own 82.87% of the company’s stock.

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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.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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