Badger Meter, Inc. (NYSE:BMI) VP Horst Gras sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $53.57, for a total transaction of $120,532.50. Following the completion of the sale, the vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $677,660.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BMI traded down $1.34 during trading on Friday, reaching $53.75. 120,214 shares of the company’s stock were exchanged, compared to its average volume of 104,830. Badger Meter, Inc. has a fifty-two week low of $41.00 and a fifty-two week high of $57.12. The firm has a market capitalization of $1.60 billion, a PE ratio of 45.17, a P/E/G ratio of 4.07 and a beta of 0.71.

Badger Meter (NYSE:BMI) last released its earnings results on Wednesday, October 17th. The scientific and technical instruments company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Badger Meter had a net margin of 5.58% and a return on equity of 14.21%. The firm had revenue of $110.60 million during the quarter, compared to analyst estimates of $109.67 million. During the same quarter in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast that Badger Meter, Inc. will post 1.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 29th. Badger Meter’s dividend payout ratio is presently 50.42%.

A number of brokerages recently weighed in on BMI. Maxim Group began coverage on shares of Badger Meter in a report on Monday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Stifel Nicolaus raised their price target on shares of Badger Meter from $49.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 8th. Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, October 9th. Finally, Berenberg Bank began coverage on shares of Badger Meter in a report on Wednesday, October 3rd. They issued a “sell” rating and a $43.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $50.83.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Badger Meter by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,105,545 shares of the scientific and technical instruments company’s stock worth $164,438,000 after acquiring an additional 76,731 shares during the period. Morgan Stanley grew its holdings in Badger Meter by 5.0% during the 3rd quarter. Morgan Stanley now owns 79,474 shares of the scientific and technical instruments company’s stock worth $4,208,000 after acquiring an additional 3,816 shares during the period. Legal & General Group Plc grew its holdings in Badger Meter by 7.5% during the 3rd quarter. Legal & General Group Plc now owns 68,462 shares of the scientific and technical instruments company’s stock worth $3,629,000 after acquiring an additional 4,756 shares during the period. Teachers Advisors LLC grew its holdings in Badger Meter by 2.0% during the 3rd quarter. Teachers Advisors LLC now owns 74,716 shares of the scientific and technical instruments company’s stock worth $3,956,000 after acquiring an additional 1,478 shares during the period. Finally, MetLife Investment Advisors LLC grew its holdings in Badger Meter by 35.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 18,537 shares of the scientific and technical instruments company’s stock worth $982,000 after acquiring an additional 4,897 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

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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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