Badger Meter Inc. (NYSE:BMI) VP Richard E. Johnson sold 10,400 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $36.04, for a total transaction of $374,816.00. Following the sale, the vice president now directly owns 159,984 shares of the company’s stock, valued at $5,765,823.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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) traded up 1.54% during mid-day trading on Thursday, hitting $36.20. The company had a trading volume of 256,713 shares. The company has a market capitalization of $1.05 billion, a P/E ratio of 33.21 and a beta of 0.55. Badger Meter Inc. has a 52-week low of $26.40 and a 52-week high of $39.36. The company has a 50-day moving average price of $33.21 and a 200 day moving average price of $34.73.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ 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 firm earned $96.30 million during the quarter, compared to analyst estimates of $105.66 million. During the same period in the prior year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts forecast that Badger Meter Inc. will post $1.14 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, November 28th. Badger Meter’s dividend payout ratio (DPR) is presently 42.20%.

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Badger Meter by 15.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,109,808 shares of the company’s stock worth $70,700,000 after buying an additional 274,799 shares during the period. Credit Suisse AG increased its stake in shares of Badger Meter by 127.9% in the third quarter. Credit Suisse AG now owns 28,645 shares of the company’s stock worth $961,000 after buying an additional 16,077 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of Badger Meter during the third quarter worth about $468,000. Gotham Asset Management LLC increased its stake in shares of Badger Meter by 65.0% in the third quarter. Gotham Asset Management LLC now owns 10,625 shares of the company’s stock worth $356,000 after buying an additional 4,186 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Badger Meter during the third quarter worth about $629,000. 60.84% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of Badger Meter from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Badger Meter presently has a consensus rating of “Hold” and an average price target of $32.88.

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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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