Badger Meter, Inc. Common Stock (NYSE:BMI) has been the object of insider selling activity recently. Ronald H. Dix, Director reported the sale of 2,000 shares of (BMI). The shares were sold on June 9th for an average price of $41.07. Dix now owns $1,766,010 of the stock per the Form 4 SEC filing. VP-International Horst Gras disclosed the sale of 4,568 shares. The shares were purchased at an average price of $38.91. The VP-International now owns $684,747 of the stock according to the SEC filing.
Gregory M. Gomez, VP-Flow Instrumentation sold $354,060 worth of shares at an average price of $39.34 on Tue the 2nd. The VP-Flow Instrumentation now owns $667,954 of the stock as reported to the SEC.
Badger Meter, Inc., launched on March 9, 1905, 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 Business’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data. The Business’s product lines include two categories: sales of water meters and related technologies to municipal water utilities (municipal water), and sales of meters to various industries for water and other fluids (flow instrumentation)..
Here are some other firms who have updated their holdings. Goldman Sachs Group Inc augmented its stake by buying 270,383 shares an increase of 40.5% as of 03/31/2017. Goldman Sachs Group Inc now holds 937,779 shares valued at $34,463,000. The total value of its holdings increased 39.8%. Mairs & Power Inc added to its position by buying 47,265 shares an increase of 2.2% in the quarter. Mairs & Power Inc controls 2,157,359 shares valued at $79,283,000. The value of the position overall is up by 1.7%.
Price T Rowe Associates Inc /md/ cut its ownership by shedding 76,137 shares a decrease of 6.1%. Price T Rowe Associates Inc /md/ now controls 1,162,540 shares with a value of $42,723,000. The total value of its holdings decreased 6.7%. State Street Corp expanded its position by buying 58,978 shares an increase of 9.4% from 12/31/2016 to 03/31/2017. State Street Corp now holds 683,118 shares worth $25,105,000. The value of the position overall is up by 8.9%.
On May 5 the company was changed to a “Neutral” in a report from Ladenburg Thalmann up from the previous “Sell” rating. On April 20 the stock rating was downgraded to “Neutral” from “Outperform” in a statement from Baird.
On March 18, 2016 the stock rating was set at “Sell” according to a Ladenburg Thalmann report which is down from the previous “Neutral” rating. Equity analyst Baird both upgraded the stock and raised the price target on February 3 changing the price objective from $59.00 to $63.00 and moving the rating from “Neutral” to “Outperform”.
On February 3 the company was upgraded from “Neutral” to “Outperform” with a current price target of $63.00 in a report issued by Baird. Baird downgraded the stock and lowered the price target on July 21 cutting the price target from $64.00 to $63.00 and altering the rating from “Outperform” to “Neutral”.
The company is so far trading down since yesterday’s close of $41.2. Additionally Badger Meter, Inc. Common Stock declared a dividend for shareholders to be paid on Thursday the 15th of June 2017. The dividend payment will be $0.115 per share for the quarter or $0.46 on an annualized basis. This dividend amount will represent a yeild of $1.12. The ex-dividend date has been established as Friday the 26th of May 2017.
The stock is trading at $41.05 which is marginally over the 50 day moving average of $39.25 and just a bit higher than the 200 day moving average of $37.47. The 50 day moving average was up by +4.57% and the 200 day average was up $3.58.
The P/E ratio is 36.33 and market cap is 1.20B. As of the latest earnings report the EPS was $1.13 and is expected to be $1.24 for the current year with 29,114,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.33 with next year’s EPS projected to be $1.37.