Badger Meter, Inc. (NYSE:BMI) – Investment analysts at Boenning Scattergood issued their Q1 2019 earnings estimates for Badger Meter in a research note issued to investors on Tuesday. Boenning Scattergood analyst R. Connors expects that the scientific and technical instruments company will post earnings per share of $0.44 for the quarter. Boenning Scattergood also issued estimates for Badger Meter’s Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.70 EPS.
Other equities analysts also recently issued reports about the stock. Stifel Nicolaus decreased their price target on shares of Badger Meter from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday. Zacks Investment Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 target price on shares of Badger Meter in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.80.
Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $96.65 million for the quarter, compared to analyst estimates of $98.08 million. Badger Meter had a net margin of 8.59% and a return on equity of 12.89%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share.
In other Badger Meter news, VP Fred J. Begale sold 2,000 shares of the business’s 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 sale, the vice president now owns 7,609 shares in the company, valued at $346,970.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard E. Johnson sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the sale, the chief financial officer now owns 105,976 shares of the company’s stock, valued at approximately $4,827,206.80. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Badger Meter by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock valued at $112,703,000 after buying an additional 33,137 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Badger Meter by 1.0% in the second 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 buying an additional 10,712 shares during the last quarter. State Street Corp boosted its stake in shares of Badger Meter by 4.7% in the second quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock worth $28,513,000 after buying an additional 32,322 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Badger Meter by 4.7% in the third quarter. Eagle Asset Management Inc. now owns 442,475 shares of the scientific and technical instruments company’s stock worth $22,322,000 after buying an additional 19,709 shares during the last quarter. Finally, Rockefeller Financial Services Inc. boosted its stake in shares of Badger Meter by 0.6% in the fourth quarter. Rockefeller Financial Services Inc. now owns 368,413 shares of the scientific and technical instruments company’s stock worth $17,610,000 after buying an additional 2,338 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.
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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.
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