Analysts Set Badger Meter, Inc. (BMI) PT at $51.60

Badger Meter, Inc. (NYSE:BMI) has earned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $51.60.

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their target price on shares of Badger Meter from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Stifel Nicolaus cut their target price on shares of Badger Meter from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, Zacks Investment Research raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Thursday, January 18th.

Badger Meter (BMI) opened at $49.45 on Thursday. Badger Meter has a twelve month low of $34.40 and a twelve month high of $52.10. The stock has a market cap of $1,439.59, a PE ratio of 41.91, a price-to-earnings-growth ratio of 2.07 and a beta of 0.64.

Badger Meter (NYSE:BMI) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Badger Meter had a net margin of 8.59% and a return on equity of 12.78%. The firm had revenue of $96.65 million for the quarter, compared to analysts’ expectations of $98.08 million. During the same quarter last year, the company posted $0.21 earnings per share. Badger Meter’s revenue was up 3.8% on a year-over-year basis. sell-side analysts anticipate that Badger Meter will post 1.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.52 dividend on an annualized basis and a yield of 1.05%. Badger Meter’s dividend payout ratio is currently 44.07%.

In other news, CFO Richard E. Johnson sold 7,200 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $45.55, for a total transaction of $327,960.00. Following the sale, the chief financial officer now owns 105,976 shares of the company’s stock, valued at $4,827,206.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Fred J. Begale sold 2,000 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total value of $91,200.00. Following the sale, the vice president now directly owns 7,609 shares in the company, valued at approximately $346,970.40. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of Badger Meter by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 153,577 shares of the scientific and technical instruments company’s stock valued at $6,120,000 after buying an additional 823 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Badger Meter by 8.7% during the second quarter. Voya Investment Management LLC now owns 13,968 shares of the scientific and technical instruments company’s stock valued at $557,000 after buying an additional 1,121 shares during the last quarter. American International Group Inc. raised its holdings in shares of Badger Meter by 5.7% during the third quarter. American International Group Inc. now owns 22,357 shares of the scientific and technical instruments company’s stock valued at $1,095,000 after buying an additional 1,202 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Badger Meter by 3.7% during the third quarter. Van ECK Associates Corp now owns 36,120 shares of the scientific and technical instruments company’s stock valued at $1,770,000 after buying an additional 1,272 shares during the last quarter. Finally, BB&T Securities LLC raised its holdings in shares of Badger Meter by 8.7% during the fourth quarter. BB&T Securities LLC now owns 17,320 shares of the scientific and technical instruments company’s stock valued at $827,000 after buying an additional 1,382 shares during the last quarter. 84.14% of the stock is currently owned by institutional investors.

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About Badger Meter

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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