Badger Meter, Inc. (BMI) Director Andrew J. Policano Sells 8,000 Shares
Badger Meter, Inc. (NYSE:BMI) Director Andrew J. Policano sold 8,000 shares of Badger Meter stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $45.64, for a total value of $365,120.00. Following the sale, the director now owns 24,561 shares in the company, valued at $1,120,964.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Badger Meter, Inc. (NYSE:BMI) traded down 0.11% on Thursday, hitting $45.30. The stock had a trading volume of 20,294 shares. Badger Meter, Inc. has a 12 month low of $29.30 and a 12 month high of $46.85. The company’s 50 day moving average price is $44.69 and its 200-day moving average price is $39.80. The company has a market cap of $1.32 billion, a P/E ratio of 38.39 and a beta of 0.57.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. Badger Meter had a return on equity of 13.19% and a net margin of 8.67%. The company had revenue of $104.17 million during the quarter, compared to analysts’ expectations of $108.02 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts expect that Badger Meter, Inc. will post $1.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from Badger Meter’s previous quarterly dividend of $0.12. Badger Meter’s payout ratio is 44.44%.
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Several equities research analysts recently weighed in on the company. BidaskClub upgraded Badger Meter from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Boenning Scattergood reissued a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Zacks Investment Research raised Badger Meter from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Sidoti reissued a “buy” rating and issued a $52.00 target price (up from $50.00) on shares of Badger Meter in a report on Monday, June 19th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a report on Wednesday, May 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Badger Meter currently has an average rating of “Hold” and a consensus price target of $42.00.
Several institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of Badger Meter in the 2nd quarter valued at about $251,000. State Street Corp boosted its holdings in shares of Badger Meter by 4.7% during the 2nd quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock worth $28,513,000 after purchasing an additional 32,322 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Badger Meter by 8.7% during the 2nd quarter. Voya Investment Management LLC now owns 13,968 shares of the scientific and technical instruments company’s stock worth $557,000 after purchasing an additional 1,121 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Badger Meter by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock worth $44,926,000 after purchasing an additional 10,712 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in shares of Badger Meter by 3.3% during the 2nd quarter. Suntrust Banks Inc. now owns 32,257 shares of the scientific and technical instruments company’s stock worth $1,285,000 after purchasing an additional 1,033 shares during the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.
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.
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