William R. A. Bergum Sells 148 Shares of Badger Meter, Inc. (NYSE:BMI) Stock

Badger Meter, Inc. (NYSE:BMI) VP William R. A. Bergum sold 148 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $212.13, for a total value of $31,395.24. Following the sale, the vice president now owns 14,051 shares of the company’s stock, valued at approximately $2,980,638.63. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Badger Meter Stock Up 0.3 %

BMI opened at $210.22 on Thursday. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 49.70, a price-to-earnings-growth ratio of 3.89 and a beta of 0.78. Badger Meter, Inc. has a 52 week low of $150.87 and a 52 week high of $239.11. The business’s 50 day moving average is $213.36 and its two-hundred day moving average is $213.84.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 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%. Equities analysts expect that Badger Meter, Inc. will post 4.65 EPS 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 issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, February 28th. Badger Meter’s payout ratio is currently 32.15%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Badger Meter in the fourth quarter valued at approximately $25,000. R Squared Ltd acquired a new position in shares of Badger Meter in the fourth quarter valued at approximately $28,000. Bessemer Group Inc. increased its holdings in shares of Badger Meter by 162.5% in the fourth quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company’s stock valued at $31,000 after purchasing an additional 91 shares during the period. Principal Securities Inc. grew its holdings in Badger Meter by 2,457.1% during the fourth quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company’s stock worth $38,000 after acquiring an additional 172 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in Badger Meter during the fourth quarter worth $39,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BMI shares. Maxim Group boosted their target price 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 price target on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $218.75.

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.