Key Points
- VP Kimberly Stoll sold 148 shares on Feb. 27 at an average price of $150.38 for proceeds of $22,256, leaving her with 4,890 shares (a 2.94% reduction in her position).
- Badger Meter's most recent quarter reported $1.14 EPS (missed by $0.01) and $220.7M revenue (below consensus but up 7.6% YoY), while the stock trades around $148.68 within a 52-week range of $139.14–$256.08.
- Dividend and outlook: the company declared a $0.40 quarterly dividend (annualized $1.60, 1.1% yield; ex-dividend Feb. 27), institutional investors own ~89% of shares, and analysts have a consensus "Hold" rating with a $181.88 price target.
Badger Meter, Inc. (NYSE:BMI - Get Free Report) VP Kimberly Stoll sold 148 shares of the company's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $150.38, for a total value of $22,256.24. Following the completion of the sale, the vice president owned 4,890 shares of the company's stock, valued at $735,358.20. This represents a 2.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Badger Meter Trading Down 2.3%
Badger Meter stock opened at $148.68 on Wednesday. The firm has a market capitalization of $4.34 billion, a P/E ratio of 30.98, a PEG ratio of 2.44 and a beta of 0.87. The business has a 50-day moving average of $163.55 and a 200-day moving average of $174.43. Badger Meter, Inc. has a 1 year low of $139.14 and a 1 year high of $256.08.
Badger Meter (NYSE:BMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.01). Badger Meter had a return on equity of 20.71% and a net margin of 15.45%.The firm had revenue of $220.71 million for the quarter, compared to the consensus estimate of $232.30 million. During the same period in the previous year, the business earned $1.04 EPS. The firm's revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.
Badger Meter Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, February 27th. Badger Meter's payout ratio is 33.33%.
Hedge Funds Weigh In On Badger Meter
Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in Badger Meter by 148.3% in the second quarter. Franklin Resources Inc. now owns 48,190 shares of the scientific and technical instruments company's stock valued at $11,804,000 after buying an additional 28,779 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Badger Meter by 13.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 70,488 shares of the scientific and technical instruments company's stock worth $12,588,000 after acquiring an additional 8,387 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of Badger Meter by 43.7% during the 3rd quarter. Boston Trust Walden Corp now owns 330,039 shares of the scientific and technical instruments company's stock worth $58,938,000 after acquiring an additional 100,298 shares during the last quarter. Alps Advisors Inc. raised its stake in Badger Meter by 85.9% in the 3rd quarter. Alps Advisors Inc. now owns 82,568 shares of the scientific and technical instruments company's stock valued at $14,745,000 after acquiring an additional 38,160 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Badger Meter by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 135,070 shares of the scientific and technical instruments company's stock valued at $33,085,000 after purchasing an additional 3,219 shares during the last quarter. 89.01% of the stock is owned by institutional investors.
Analysts Set New Price Targets
BMI has been the topic of a number of research reports. Robert W. Baird set a $165.00 price target on Badger Meter in a report on Thursday, January 29th. Stifel Nicolaus set a $166.00 target price on Badger Meter and gave the company a "buy" rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $167.00 price target on shares of Badger Meter in a research report on Thursday, January 29th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $191.00 price objective (down from $229.00) on shares of Badger Meter in a report on Thursday, January 29th. Finally, Argus lowered shares of Badger Meter from a "buy" rating to a "hold" rating in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Badger Meter has a consensus rating of "Hold" and a consensus price target of $181.88.
View Our Latest Analysis on BMI
About Badger Meter
(
Get Free Report)
Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company's core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.
The company's product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.
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