Sen. Markwayne Mullin Unloads Shares of Badger Meter, Inc. (NYSE:BMI)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Badger Meter, Inc. (NYSE:BMI). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $1,001 and $15,000 in Badger Meter stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

Badger Meter Stock Down 0.2 %

BMI stock opened at $211.68 on Friday. Badger Meter, Inc. has a 52 week low of $139.50 and a 52 week high of $239.11. The business has a 50-day simple moving average of $217.90 and a 200 day simple moving average of $207.59. The company has a market cap of $6.23 billion, a PE ratio of 52.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79.

Badger Meter (NYSE:BMI) last issued its earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). The firm had revenue of $208.44 million during the quarter, compared to analyst estimates of $212.08 million. Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. Badger Meter’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, analysts anticipate that Badger Meter, Inc. will post 4.19 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter’s dividend payout ratio (DPR) is currently 33.75%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Maxim Group upped their target price on Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus upped their price objective on Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird lifted their target price on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $216.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in Badger Meter by 2,204.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,341 shares of the scientific and technical instruments company’s stock worth $623,000 after acquiring an additional 3,196 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Badger Meter in the second quarter worth $257,000. Commonwealth Equity Services LLC grew its stake in shares of Badger Meter by 36.1% in the second quarter. Commonwealth Equity Services LLC now owns 34,520 shares of the scientific and technical instruments company’s stock worth $6,433,000 after purchasing an additional 9,148 shares during the last quarter. Van ECK Associates Corp increased its holdings in Badger Meter by 13.0% in the second quarter. Van ECK Associates Corp now owns 20,434 shares of the scientific and technical instruments company’s stock valued at $3,808,000 after purchasing an additional 2,353 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Badger Meter by 85.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,384 shares of the scientific and technical instruments company’s stock worth $441,000 after purchasing an additional 1,096 shares during the last quarter. 89.01% of the stock is currently owned by institutional investors and hedge funds.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About Badger Meter

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.