Badger Meter (NYSE:BMI) EVP Robert Wrocklage Purchases 1,650 Shares of Stock

Badger Meter, Inc. (NYSE:BMI) EVP Robert Wrocklage bought 1,650 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average price of $152.35 per share, with a total value of $251,377.50. Following the purchase, the executive vice president owned 19,541 shares of the company’s stock, valued at approximately $2,977,071.35. This represents a 9.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Badger Meter Price Performance

Badger Meter stock opened at $153.21 on Wednesday. The stock has a market cap of $4.52 billion, a PE ratio of 31.92, a P/E/G ratio of 2.42 and a beta of 0.90. The stock’s fifty day moving average is $170.84 and its two-hundred day moving average is $177.84. Badger Meter, Inc. has a 1-year low of $139.14 and a 1-year high of $256.08.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.01). Badger Meter had a net margin of 15.45% and a return on equity of 20.71%. The business had revenue of $220.71 million during the quarter, compared to analysts’ expectations of $232.30 million. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus set a $166.00 target price on shares of Badger Meter and gave the company a “buy” rating in a research report on Thursday, January 29th. Jefferies Financial Group decreased their price objective on shares of Badger Meter from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Zacks Research cut Badger Meter from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Badger Meter in a report on Wednesday, January 21st. Finally, Argus cut Badger Meter from a “buy” rating to a “hold” rating in a research report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.88.

Hedge Funds Weigh In On Badger Meter

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC purchased a new stake in shares of Badger Meter in the fourth quarter valued at about $227,000. NewEdge Advisors LLC grew its holdings in Badger Meter by 328.0% during the first quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock worth $717,000 after acquiring an additional 2,886 shares during the period. US Bancorp DE grew its holdings in Badger Meter by 0.5% during the second quarter. US Bancorp DE now owns 27,559 shares of the scientific and technical instruments company’s stock worth $6,751,000 after acquiring an additional 124 shares during the period. Callan Family Office LLC purchased a new position in Badger Meter in the second quarter worth $260,000. Finally, Aberdeen Group plc acquired a new stake in Badger Meter in the second quarter valued at $27,884,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Badger Meter Company Profile

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.