Key Points
- Kimberly Stoll sold 143 shares of Badger Meter on March 6 at an average price of $144.50, trimming her position by 3.9% to 3,523 shares worth about $509,073.50.
- Latest quarter missed expectations: Badger Meter reported EPS of $1.14 (vs. $1.15 consensus) and revenue of $220.71 million (vs. $232.30 million), though revenue was up 7.6% year-over-year.
- Dividend announced: the company declared a quarterly dividend of $0.40 per share (annualized $1.60), with an ex-dividend date of February 27 and a yield around 1.1%.
Badger Meter, Inc. (NYSE:BMI - Get Free Report) VP Kimberly Stoll sold 143 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $144.50, for a total transaction of $20,663.50. Following the completion of the sale, the vice president owned 3,523 shares in the company, valued at $509,073.50. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Badger Meter Trading Down 1.6%
Shares of BMI opened at $147.11 on Wednesday. The firm has a fifty day simple moving average of $160.29 and a two-hundred day simple moving average of $173.07. The firm has a market cap of $4.29 billion, a PE ratio of 30.65, a P/E/G ratio of 2.40 and a beta of 0.87. 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 issued its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.01). The firm had revenue of $220.71 million during the quarter, compared to the consensus estimate of $232.30 million. Badger Meter had a return on equity of 20.71% and a net margin of 15.45%.The business's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. As a group, research analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.
Badger Meter Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, February 27th. Badger Meter's payout ratio is currently 33.33%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of BMI. Vanguard Group Inc. increased its stake in Badger Meter by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,979,893 shares of the scientific and technical instruments company's stock worth $694,133,000 after buying an additional 19,585 shares in the last quarter. State Street Corp grew its position in shares of Badger Meter by 1.4% during the second quarter. State Street Corp now owns 1,462,807 shares of the scientific and technical instruments company's stock worth $358,315,000 after purchasing an additional 20,122 shares in the last quarter. Invesco Ltd. raised its stake in Badger Meter by 20.9% during the 3rd quarter. Invesco Ltd. now owns 970,219 shares of the scientific and technical instruments company's stock valued at $173,262,000 after purchasing an additional 168,053 shares during the period. Geode Capital Management LLC raised its stake in Badger Meter by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 876,854 shares of the scientific and technical instruments company's stock valued at $152,951,000 after purchasing an additional 4,035 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in Badger Meter by 39.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 754,402 shares of the scientific and technical instruments company's stock worth $131,592,000 after purchasing an additional 212,448 shares in the last quarter. Hedge funds and other institutional investors own 89.01% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Badger Meter in a report on Wednesday, January 21st. Argus cut shares of Badger Meter from a "buy" rating to a "hold" rating in a research note on Monday, February 2nd. Zacks Research lowered Badger Meter from a "hold" rating to a "strong sell" rating in a research note on Friday, January 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $191.00 target price (down from $229.00) on shares of Badger Meter in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on Badger Meter from $232.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $181.88.
Read Our Latest Report 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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