Badger Meter, Inc. (NYSE:BMI) CEO Sells $3,371,151.02 in Stock

Badger Meter, Inc. (NYSE:BMI - Get Free Report) CEO Kenneth Bockhorst sold 16,073 shares of Badger Meter stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $209.74, for a total value of $3,371,151.02. Following the sale, the chief executive officer now directly owns 34,961 shares in the company, valued at approximately $7,332,720.14. This trade represents a 31.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 3rd, Kenneth Bockhorst sold 1,165 shares of Badger Meter stock. The shares were sold at an average price of $212.13, for a total transaction of $247,131.45.

Badger Meter Stock Performance

BMI stock traded down $1.32 during mid-day trading on Tuesday, hitting $208.05. 71,758 shares of the company were exchanged, compared to its average volume of 176,715. The firm has a market cap of $6.12 billion, a P/E ratio of 49.08, a P/E/G ratio of 3.89 and a beta of 0.83. Badger Meter, Inc. has a 1-year low of $150.87 and a 1-year high of $239.11. The firm's 50 day simple moving average is $213.00 and its 200 day simple moving average is $214.07.

Badger Meter (NYSE:BMI - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. On average, equities research analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

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Badger Meter Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.65%. Badger Meter's payout ratio is presently 32.15%.

Institutional Investors Weigh In On Badger Meter

Several institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Badger Meter in the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new position in Badger Meter in the fourth quarter valued at $28,000. Bessemer Group Inc. increased its stake in Badger Meter by 162.5% in the 4th quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company's stock valued at $31,000 after buying an additional 91 shares during the last quarter. Principal Securities Inc. lifted its position in Badger Meter by 2,457.1% during the 4th quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company's stock worth $38,000 after buying an additional 172 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Badger Meter during the 4th quarter worth about $39,000. Institutional investors own 89.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Badger Meter from $208.00 to $209.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Maxim Group upped their price target on shares of Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $218.75.

About Badger Meter

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.