Badger Meter, Inc. (NYSE:BMI) CEO Kenneth Bockhorst Sells 1,165 Shares

Badger Meter, Inc. (NYSE:BMI - Get Free Report) CEO Kenneth Bockhorst sold 1,165 shares of Badger Meter stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $212.13, for a total value of $247,131.45. Following the completion of the transaction, the chief executive officer now owns 52,620 shares of the company's stock, valued at $11,162,280.60. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Kenneth Bockhorst also recently made the following trade(s):

• On Wednesday, March 5th, Kenneth Bockhorst sold 16,073 shares of Badger Meter stock. The shares were sold at an average price of $209.74, for a total value of $3,371,151.02.

Badger Meter Trading Up 1.7 %

NYSE:BMI traded up $3.55 during midday trading on Friday, hitting $212.68. 235,741 shares of the stock were exchanged, compared to its average volume of 216,508. Badger Meter, Inc. has a one year low of $150.87 and a one year high of $239.11. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 50.28, a P/E/G ratio of 3.89 and a beta of 0.83. The business has a 50-day moving average price of $213.09 and a two-hundred day moving average price of $213.96.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

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Badger Meter Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.64%. Badger Meter's dividend payout ratio is currently 32.15%.

Institutional Trading of Badger Meter

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in Badger Meter by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company's stock valued at $357,000 after purchasing an additional 71 shares during the period. Burney Co. acquired a new stake in Badger Meter during the 4th quarter valued at $385,000. Van ECK Associates Corp raised its stake in Badger Meter by 68.1% during the 4th quarter. Van ECK Associates Corp now owns 33,395 shares of the scientific and technical instruments company's stock valued at $7,083,000 after purchasing an additional 13,526 shares during the period. Geneva Partners LLC acquired a new stake in Badger Meter during the 3rd quarter valued at $1,120,000. Finally, Stifel Financial Corp raised its stake in Badger Meter by 29.0% during the 3rd quarter. Stifel Financial Corp now owns 11,971 shares of the scientific and technical instruments company's stock valued at $2,615,000 after purchasing an additional 2,692 shares during the period. 89.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BMI has been the subject of a number of research reports. Maxim Group lifted their target price on Badger Meter from $235.00 to $245.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus boosted their price objective 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.