Badger Meter, Inc. (BMI) Receives Average Rating of “Hold” from Brokerages

Badger Meter, Inc. (NYSE:BMI) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $51.20.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Thursday. Stifel Nicolaus restated a “hold” rating and set a $51.00 price target (up previously from $45.00) on shares of Badger Meter in a report on Tuesday, January 16th. Robert W. Baird restated a “hold” rating and set a $44.00 price target on shares of Badger Meter in a report on Tuesday, October 17th. Sidoti raised their price target on Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Canaccord Genuity restated a “hold” rating and set a $40.00 price target on shares of Badger Meter in a report on Friday, October 6th.

Badger Meter (BMI) opened at $49.85 on Friday. The firm has a market capitalization of $1,450.00, a P/E ratio of 43.35 and a beta of 0.68. Badger Meter has a 1-year low of $34.40 and a 1-year high of $52.10.

In other news, CFO Richard E. Johnson sold 7,200 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the transaction, the chief financial officer now owns 105,976 shares in the company, valued at approximately $4,827,206.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Fred J. Begale sold 2,000 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total value of $91,200.00. Following the completion of the transaction, the vice president now owns 7,609 shares of the company’s stock, valued at approximately $346,970.40. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Badger Meter by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock worth $112,703,000 after purchasing an additional 33,137 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Badger Meter by 1.0% in 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 period. State Street Corp boosted its holdings in shares of Badger Meter by 4.7% in 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 period. UBS Asset Management Americas Inc. boosted its holdings in shares of Badger Meter by 8.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 567,899 shares of the scientific and technical instruments company’s stock worth $22,631,000 after purchasing an additional 44,702 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Badger Meter by 4.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 442,475 shares of the scientific and technical instruments company’s stock worth $22,322,000 after purchasing an additional 19,709 shares during the period. Hedge funds and other institutional investors own 82.87% of the company’s stock.

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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.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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