Badger Meter, Inc. (NYSE:BMI) VP Richard E. Johnson sold 5,854 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $59.15, for a total value of $346,264.10. Following the sale, the vice president now directly owns 50,000 shares in the company, valued at approximately $2,957,500. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of BMI opened at $59.22 on Tuesday. The stock has a market cap of $1.73 billion, a P/E ratio of 38.45, a P/E/G ratio of 3.82 and a beta of 0.79. Badger Meter, Inc. has a 52-week low of $41.00 and a 52-week high of $59.98.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Tuesday, February 5th. The scientific and technical instruments company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Badger Meter had a return on equity of 15.39% and a net margin of 6.41%. The business had revenue of $104.40 million for the quarter, compared to analysts’ expectations of $103.54 million. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that Badger Meter, Inc. will post 1.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. Badger Meter’s payout ratio is currently 38.96%.
Large investors have recently added to or reduced their stakes in the business. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Badger Meter in the 4th quarter valued at about $28,000. Bruderman Asset Management LLC purchased a new stake in shares of Badger Meter in the 4th quarter valued at about $50,000. Clean Yield Group purchased a new stake in shares of Badger Meter in the 4th quarter valued at about $59,000. Quantamental Technologies LLC purchased a new stake in shares of Badger Meter in the 4th quarter valued at about $61,000. Finally, ETF Managers Group LLC raised its holdings in shares of Badger Meter by 17.3% in the 4th quarter. ETF Managers Group LLC now owns 2,770 shares of the scientific and technical instruments company’s stock valued at $136,000 after acquiring an additional 408 shares in the last quarter. 86.52% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on BMI shares. Maxim Group reissued a “buy” rating and set a $65.00 price objective on shares of Badger Meter in a report on Monday, January 7th. Zacks Investment Research raised Badger Meter from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, January 8th. Boenning Scattergood reissued a “hold” rating on shares of Badger Meter in a report on Tuesday, February 5th. Finally, Berenberg Bank raised Badger Meter from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Badger Meter presently has a consensus rating of “Hold” and a consensus price target of $50.33.
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About Badger Meter
Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.
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