Today, 10,400 Shares of Badger Meter Inc. (BMI) Stock are sold by Richard E. Johnson

Today, 10,400 Shares of Badger Meter Inc. (BMI) Stock are sold by Richard E. Johnson

Badger Meter Inc. (NYSE:BMI) VP Richard E. Johnson sold 10,400 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $36.04, for a total value of $374,816.00. Following the sale, the vice president now owns 159,984 shares in the company, valued at $5,765,823.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Richard E. Johnson also recently made the following trade(s): On Thursday, November 10th, Richard E. Johnson sold 5,000 shares of Badger Meter stock. The shares were sold at an average price of $34.52, for a total value of $172,600.00.

Badger Meter Inc. (NYSE:BMI) opened at 36.20 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of 33.21 and a beta of 0.55. Badger Meter Inc. has a 12-month low of $26.40 and a 12-month high of $39.36. The stock’s 50 day moving average price is $33.21 and its 200 day moving average price is $34.73.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Badger Meter had a net margin of 7.99% and a return on equity of 13.07%. The company had revenue of $96.30 million for the quarter, compared to the consensus estimate of $105.66 million. During the same period in the prior year, the firm posted $0.58 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Badger Meter Inc. will post $1.14 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, November 28th. Badger Meter’s dividend payout ratio (DPR) is 42.20%.

Separately, Zacks Investment Research downgraded Badger Meter from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $32.88.

A number of institutional investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position in shares of Badger Meter by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 383,549 shares of the company’s stock worth $25,510,000 after buying an additional 8,406 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Badger Meter during the second quarter worth approximately $752,000. Cardinal Capital Management increased its position in shares of Badger Meter by 6.1% in the second quarter. Cardinal Capital Management now owns 9,972 shares of the company’s stock worth $728,000 after buying an additional 574 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Badger Meter by 4.4% in the second quarter. Essex Investment Management Co. LLC now owns 22,968 shares of the company’s stock worth $1,677,000 after buying an additional 965 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Badger Meter by 77.4% in the second quarter. Victory Capital Management Inc. now owns 1,403 shares of the company’s stock worth $102,000 after buying an additional 612 shares during the period. 60.84% of the stock is owned by institutional investors.

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