Badger Meter, Inc. (NYSE:BMI) Chairman Richard A. Meeusen sold 16,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $44.61, for a total transaction of $736,065.00. Following the completion of the transaction, the chairman now owns 164,620 shares in the company, valued at approximately $7,343,698.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Badger Meter, Inc. (NYSE:BMI) traded up 0.393% on Monday, reaching $44.725. 69,082 shares of the company were exchanged. The firm’s 50 day moving average price is $41.25 and its 200 day moving average price is $38.48. Badger Meter, Inc. has a 52 week low of $29.30 and a 52 week high of $46.85. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 37.903 and a beta of 0.56.

Badger Meter (NYSE:BMI) last released its earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $104.17 million for the quarter, compared to the consensus estimate of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. Badger Meter’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. Equities research analysts anticipate that Badger Meter, Inc. will post $1.29 EPS for the current year.

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Several research analysts have recently issued reports on BMI shares. BidaskClub downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Zacks Investment Research downgraded shares of Badger Meter from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Canaccord Genuity reiterated a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a research note on Wednesday, May 24th. Sidoti reiterated a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Badger Meter in a research note on Monday, June 19th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a research note on Friday, July 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Badger Meter presently has a consensus rating of “Hold” and a consensus target price of $42.00.

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Badger Meter during the fourth quarter valued at $3,994,000. UBS Asset Management Americas Inc. increased its stake in Badger Meter by 8.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 461,522 shares of the scientific and technical instruments company’s stock valued at $17,053,000 after buying an additional 34,806 shares in the last quarter. Teachers Advisors LLC increased its stake in Badger Meter by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 52,418 shares of the scientific and technical instruments company’s stock valued at $1,937,000 after buying an additional 7,256 shares in the last quarter. Bank of Montreal Can increased its stake in Badger Meter by 1.3% in the first quarter. Bank of Montreal Can now owns 17,215 shares of the scientific and technical instruments company’s stock valued at $633,000 after buying an additional 221 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Badger Meter by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the scientific and technical instruments company’s stock valued at $437,000 after buying an additional 200 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors.

About Badger Meter

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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