Badger Meter, Inc. (NYSE:BMI) VP Fred J. Begale sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the completion of the transaction, the vice president now directly owns 7,609 shares in the company, valued at $346,970.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Badger Meter, Inc. (NYSE BMI) traded up $0.35 on Wednesday, hitting $45.90. 107,000 shares of the company were exchanged, compared to its average volume of 126,941. Badger Meter, Inc. has a one year low of $34.40 and a one year high of $52.10. The company has a market capitalization of $1,328.98, a price-to-earnings ratio of 40.04 and a beta of 0.65.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, November 29th. Badger Meter’s payout ratio is currently 45.61%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. lifted its position in shares of Badger Meter by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock valued at $153,000 after purchasing an additional 38 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Badger Meter by 0.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,528 shares of the scientific and technical instruments company’s stock valued at $938,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Badger Meter by 0.8% during the second quarter. Texas Permanent School Fund now owns 21,256 shares of the scientific and technical instruments company’s stock valued at $847,000 after purchasing an additional 179 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Badger Meter by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,870 shares of the scientific and technical instruments company’s stock valued at $274,000 after purchasing an additional 240 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Badger Meter by 0.6% during the second quarter. Alliancebernstein L.P. now owns 58,269 shares of the scientific and technical instruments company’s stock valued at $2,322,000 after purchasing an additional 361 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

BMI has been the topic of a number of recent research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Badger Meter in a research note on Friday, October 6th. Stifel Nicolaus initiated coverage on shares of Badger Meter in a research note on Monday, September 18th. They issued a “hold” rating and a $43.00 price objective on the stock. Sidoti raised their price objective on shares of Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Badger Meter in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $48.00.

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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.

Insider Buying and Selling by Quarter for Badger Meter (NYSE:BMI)

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