Badger Meter, Inc. (NYSE:BMI - Get Free Report) VP William R. A. Bergum sold 148 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $212.13, for a total transaction of $31,395.24. Following the completion of the sale, the vice president now directly owns 14,051 shares of the company's stock, valued at approximately $2,980,638.63. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Badger Meter Stock Down 0.1 %
Shares of BMI stock opened at $209.55 on Wednesday. The company's fifty day simple moving average is $213.56 and its two-hundred day simple moving average is $213.87. Badger Meter, Inc. has a 52 week low of $150.87 and a 52 week high of $239.11. The stock has a market cap of $6.16 billion, a P/E ratio of 49.54, a PEG ratio of 3.89 and a beta of 0.78.
Badger Meter (NYSE:BMI - Get Free Report) last issued its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. On average, analysts anticipate that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.
Badger Meter Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.34 per share. The ex-dividend date is Friday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.65%. Badger Meter's dividend payout ratio (DPR) is 32.15%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Badger Meter during the fourth quarter valued at $25,000. R Squared Ltd purchased a new position in shares of Badger Meter in the 4th quarter worth $28,000. Bessemer Group Inc. increased its holdings in shares of Badger Meter by 162.5% in the 4th quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company's stock worth $31,000 after buying an additional 91 shares during the last quarter. Principal Securities Inc. raised its position in shares of Badger Meter by 2,457.1% during the 4th quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company's stock valued at $38,000 after buying an additional 172 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Badger Meter during the 4th quarter valued at about $39,000. 89.01% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Maxim Group increased their price target on Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus lifted their target price on Badger Meter from $208.00 to $209.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Badger Meter presently has an average rating of "Hold" and an average price target of $218.75.
Read Our Latest Stock Analysis on Badger Meter
About Badger Meter
(
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Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.
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