Robert W. Baird reiterated their hold rating on shares of Badger Meter, Inc. (NYSE:BMI) in a report released on Tuesday morning. They currently have a $44.00 price objective on the scientific and technical instruments company’s stock.

Other analysts also recently issued reports about the company. Stifel Nicolaus reissued a hold rating and set a $43.00 price objective (down from $49.00) on shares of Badger Meter in a research report on Tuesday. Sidoti reissued a buy rating and set a $52.00 price objective (up from $50.00) on shares of Badger Meter in a research report on Monday, June 19th. BidaskClub raised Badger Meter from a hold rating to a buy rating in a research report on Monday, July 24th. Boenning Scattergood reissued a hold rating on shares of Badger Meter in a research report on Friday, July 21st. Finally, Zacks Investment Research downgraded Badger Meter from a strong-buy rating to a hold rating in a research report on Wednesday, September 20th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $48.00.

Badger Meter (NYSE BMI) opened at 43.80 on Tuesday. The company has a market cap of $1.28 billion, a PE ratio of 37.12 and a beta of 0.56. The firm’s 50-day moving average is $47.55 and its 200-day moving average is $42.44. Badger Meter has a 52-week low of $31.41 and a 52-week high of $52.10.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 EPS for the quarter, missing the 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 company had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $102.86 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Badger Meter will post $1.19 EPS for the current year.

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In other Badger Meter news, Chairman Richard A. Meeusen sold 16,500 shares of Badger Meter stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $44.61, for a total value of $736,065.00. Following the completion of the transaction, the chairman now directly owns 164,620 shares of the company’s stock, valued at approximately $7,343,698.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew J. Policano sold 8,850 shares of Badger Meter stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $45.67, for a total value of $404,179.50. Following the completion of the transaction, the director now directly owns 32,561 shares of the company’s stock, valued at $1,487,060.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,340 shares of company stock valued at $2,859,651. 4.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in BMI. UBS Asset Management Americas Inc. grew its position in shares of Badger Meter by 13.4% during the first quarter. UBS Asset Management Americas Inc. now owns 523,197 shares of the scientific and technical instruments company’s stock worth $19,227,000 after buying an additional 61,675 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Badger Meter by 4.6% during the first quarter. Ameriprise Financial Inc. now owns 152,754 shares of the scientific and technical instruments company’s stock worth $5,613,000 after buying an additional 6,725 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Badger Meter by 833.4% during the first quarter. Parametric Portfolio Associates LLC now owns 130,818 shares of the scientific and technical instruments company’s stock worth $4,808,000 after buying an additional 116,803 shares in the last quarter. Mason Street Advisors LLC grew its position in shares of Badger Meter by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,807 shares of the scientific and technical instruments company’s stock worth $250,000 after buying an additional 446 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Badger Meter by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 7,106 shares of the scientific and technical instruments company’s stock worth $262,000 after buying an additional 93 shares in the last quarter. 83.96% of the stock is owned by institutional investors and hedge funds.

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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