Badger Meter Inc. (NYSE:BMI) VP Richard E. Johnson sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $34.52, for a total transaction of $172,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Badger Meter Inc. (NYSE:BMI) opened at 35.40 on Wednesday. The firm has a market cap of $1.03 billion, a P/E ratio of 32.48 and a beta of 0.55. The firm’s 50-day moving average price is $32.78 and its 200 day moving average price is $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 announced its earnings results on Tuesday, October 18th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. Badger Meter had a net margin of 7.99% and a return on equity of 13.07%. The business had revenue of $96.30 million for the quarter, compared to analysts’ expectations of $105.66 million. During the same period in the prior year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts forecast that Badger Meter Inc. will post $1.14 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, November 28th. Badger Meter’s dividend payout ratio is presently 42.20%.

Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in shares of Badger Meter by 77.4% in the second quarter. Victory Capital Management Inc. now owns 1,403 shares of the company’s stock valued at $102,000 after buying an additional 612 shares in the last quarter. PineBridge Investments L.P. raised its stake in shares of Badger Meter by 3.9% in the second quarter. PineBridge Investments L.P. now owns 1,844 shares of the company’s stock valued at $134,000 after buying an additional 69 shares in the last quarter. Clean Yield Group raised its stake in shares of Badger Meter by 100.0% in the third quarter. Clean Yield Group now owns 4,800 shares of the company’s stock valued at $161,000 after buying an additional 2,400 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of Badger Meter during the second quarter valued at about $200,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Badger Meter during the third quarter valued at about $202,000. 51.65% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Badger Meter from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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.

5 Day Chart for NYSE:BMI

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