Shares of Badger Meter, Inc. (NYSE:BMI) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $48.00.

Several research analysts have weighed in on the stock. Robert W. Baird restated a “hold” rating and set a $44.00 target price on shares of Badger Meter in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “hold” rating and set a $43.00 target price (down from $49.00) on shares of Badger Meter in a research report on Tuesday, October 17th. Sidoti upped their target price on shares of Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Canaccord Genuity restated a “hold” rating and set a $40.00 target price on shares of Badger Meter in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th.

Badger Meter (NYSE:BMI) opened at $46.00 on Friday. Badger Meter has a 1 year low of $34.40 and a 1 year high of $52.10. The firm has a market cap of $1,330.00, a PE ratio of 40.26 and a beta of 0.65.

Badger Meter (NYSE:BMI) last issued its earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). Badger Meter had a return on equity of 11.77% and a net margin of 7.97%. The company had revenue of $100.00 million for the quarter, compared to analyst estimates of $102.86 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. research analysts forecast that Badger Meter will post 1.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.13 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.13%. Badger Meter’s dividend payout ratio is presently 45.22%.

In other news, CFO Richard E. Johnson sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the sale, the chief financial officer now directly owns 105,976 shares in the company, valued at $4,827,206.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew J. Policano sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $45.64, for a total transaction of $365,120.00. Following the completion of the sale, the director now owns 24,561 shares in the company, valued at $1,120,964.04. The disclosure for this sale can be found here. Insiders sold 24,750 shares of company stock worth $1,125,993 over the last quarter. Company insiders own 4.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BMI. First Personal Financial Services acquired a new stake in shares of Badger Meter in the second quarter valued at approximately $119,000. SG Americas Securities LLC purchased a new position in shares of Badger Meter during the second quarter valued at approximately $140,000. Pinebridge Investments L.P. lifted its stake 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 buying an additional 38 shares during the period. Rock Point Advisors LLC purchased a new position in shares of Badger Meter during the third quarter valued at approximately $201,000. Finally, Sei Investments Co. lifted its stake in shares of Badger Meter by 30,007.4% during the third quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 16,204 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

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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.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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