Badger Meter, Inc. (NYSE:BMI) CFO Richard E. Johnson sold 7,200 shares of the firm’s stock in a transaction dated 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 owns 105,976 shares in the company, valued at $4,827,206.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Badger Meter, Inc. (NYSE BMI) traded down $0.40 during midday trading on Friday, reaching $46.00. The company’s stock had a trading volume of 155,747 shares, compared to its average volume of 141,842. Badger Meter, Inc. has a 12-month low of $34.40 and a 12-month high of $52.10. The firm has a market cap of $1,350.82, a price-to-earnings ratio of 40.70 and a beta of 0.67.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data 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). The business had revenue of $100.00 million for the quarter, compared to analyst estimates of $102.86 million. Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. Badger Meter’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. research analysts anticipate that Badger Meter, Inc. will post 1.18 EPS for the current fiscal year.

The company also recently announced 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 payout ratio is 45.61%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. grew its position in shares of Badger Meter by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock worth $153,000 after acquiring an additional 38 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Badger Meter by 0.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,528 shares of the scientific and technical instruments company’s stock worth $938,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its position in Badger Meter by 0.8% during the 2nd 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 during the period. Municipal Employees Retirement System of Michigan boosted its position in Badger Meter by 3.6% during the 2nd 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 during the period. Finally, Alliancebernstein L.P. boosted its position in Badger Meter by 0.6% during the 2nd 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 during the period. Institutional investors own 82.99% of the company’s stock.

Several equities research analysts recently commented on BMI shares. Canaccord Genuity reiterated a “hold” rating and set a $40.00 target price on shares of Badger Meter in a report on Friday, October 6th. Stifel Nicolaus initiated coverage on Badger Meter in a report on Monday, September 18th. They set a “hold” rating and a $43.00 target price on the stock. Sidoti raised their price objective on 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 Badger Meter from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Robert W. Baird restated a “hold” rating and set a $44.00 price objective on shares of Badger Meter in a research note on Tuesday, October 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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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