Badger Meter, Inc. (NYSE:BMI) Director Richard A. Meeusen sold 8,571 shares of Badger Meter stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $56.85, for a total value of $487,261.35. Following the sale, the director now owns 74,582 shares of the company’s stock, valued at approximately $4,239,986.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of BMI traded down $0.22 during trading hours on Friday, reaching $56.80. 100,800 shares of the company’s stock traded hands, compared to its average volume of 138,950. The company has a market cap of $1.63 billion, a PE ratio of 36.88 and a beta of 0.77. Badger Meter, Inc. has a 12 month low of $44.10 and a 12 month high of $61.57.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Wednesday, April 17th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $111.47 million. Badger Meter had a return on equity of 16.13% and a net margin of 7.17%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. On average, equities research analysts expect that Badger Meter, Inc. will post 1.69 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.15 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. Badger Meter’s payout ratio is 38.96%.

A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Badger Meter from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Badger Meter from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.17.

A number of large investors have recently added to or reduced their stakes in BMI. Morgan Stanley lifted its position in Badger Meter by 5.0% in the 3rd quarter. Morgan Stanley now owns 79,474 shares of the scientific and technical instruments company’s stock worth $4,208,000 after buying an additional 3,816 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in Badger Meter by 37.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 8,444 shares of the scientific and technical instruments company’s stock worth $416,000 after buying an additional 2,300 shares during the last quarter. Rhumbline Advisers lifted its position in Badger Meter by 13.2% in the 4th quarter. Rhumbline Advisers now owns 111,176 shares of the scientific and technical instruments company’s stock worth $5,471,000 after buying an additional 12,976 shares during the last quarter. BB&T Securities LLC lifted its position in Badger Meter by 2.4% in the 4th quarter. BB&T Securities LLC now owns 19,240 shares of the scientific and technical instruments company’s stock worth $946,000 after buying an additional 447 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Badger Meter by 4.0% in 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 buying an additional 348 shares during the last quarter. Institutional investors own 83.24% of the company’s stock.

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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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