Richard E. Johnson Sells 10,000 Shares of Badger Meter Inc. (BMI) Stock
Badger Meter Inc. (NYSE:BMI) VP Richard E. Johnson sold 10,000 shares of Badger Meter stock in a transaction on Friday, November 11th. The stock was sold at an average price of $35.70, for a total transaction of $357,000.00. Following the sale, the vice president now directly owns 170,384 shares in the company, valued at approximately $6,082,708.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Richard E. Johnson also recently made the following trade(s):
- On Thursday, November 10th, Richard E. Johnson sold 5,000 shares of Badger Meter stock. The shares were sold at an average price of $34.52, for a total transaction of $172,600.00.
Badger Meter Inc. (NYSE:BMI) opened at 35.40 on Wednesday. The firm has a market cap of $1.03 billion, a PE ratio of 32.48 and a beta of 0.55. The firm has a 50-day moving average of $32.78 and a 200-day moving average of $34.79. Badger Meter Inc. has a 52-week low of $26.40 and a 52-week high of $39.36.
Badger Meter (NYSE:BMI) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business earned $96.30 million during the quarter, compared to analysts’ expectations of $105.66 million. Badger Meter had a return on equity of 13.07% and a net margin of 7.99%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. Equities analysts anticipate that Badger Meter Inc. will post $1.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, November 28th. Badger Meter’s payout ratio is 42.20%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cardinal Capital Management boosted its position in Badger Meter by 6.1% in the second quarter. Cardinal Capital Management now owns 9,972 shares of the company’s stock valued at $728,000 after buying an additional 574 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Badger Meter by 4.4% in the second quarter. Essex Investment Management Co. LLC now owns 22,968 shares of the company’s stock worth $1,677,000 after buying an additional 965 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Badger Meter during the second quarter worth $752,000. Bank of Montreal Can purchased a new position in shares of Badger Meter during the second quarter worth $631,000. Finally, Palo Capital Inc. purchased a new position in shares of Badger Meter during the second quarter worth $380,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.
Separately, Zacks Investment Research cut shares of Badger Meter from a “hold” rating to a “sell” rating in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.88.
Badger Meter Company Profile
Badger Meter, Inc is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
Receive News & Stock Ratings for Badger Meter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter Inc. and related stocks with our FREE daily email newsletter.