Karen M. Bauer Sells 1,147 Shares of Badger Meter, Inc. (NYSE:BMI) Stock

Badger Meter, Inc. (NYSE:BMI) VP Karen M. Bauer sold 1,147 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $209.74, for a total value of $240,571.78. Following the sale, the vice president now owns 5,076 shares in the company, valued at approximately $1,064,640.24. This represents a 18.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Badger Meter Price Performance

Shares of NYSE BMI opened at $212.68 on Friday. The stock’s fifty day moving average price is $213.09 and its two-hundred day moving average price is $213.96. Badger Meter, Inc. has a one year low of $150.87 and a one year high of $239.11. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 50.28, a P/E/G ratio of 3.89 and a beta of 0.83.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.64%. Badger Meter’s payout ratio is 32.15%.

Analyst Upgrades and Downgrades

BMI has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Maxim Group boosted their target price on Badger Meter from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Badger Meter has a consensus rating of “Hold” and an average price target of $218.75.

Institutional Trading of Badger Meter

A number of institutional investors have recently modified their holdings of BMI. Aster Capital Management DIFC Ltd bought a new stake in shares of Badger Meter during the 4th quarter valued at $25,000. R Squared Ltd bought a new stake in shares of Badger Meter during the 4th quarter valued at $28,000. Bessemer Group Inc. lifted its position in shares of Badger Meter by 162.5% during the 4th quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company’s stock valued at $31,000 after acquiring an additional 91 shares during the period. Principal Securities Inc. lifted 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 acquiring an additional 172 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of Badger Meter during the 4th quarter valued at $39,000. 89.01% of the stock is currently owned by institutional investors.

Badger Meter Company Profile

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.