Badger Meter, Inc. to Issue Quarterly Dividend of $0.27 (NYSE:BMI)

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, April 26th, RTT News reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.27 per share by the scientific and technical instruments company on Friday, June 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.58%.

Badger Meter has raised its dividend by an average of 12.3% per year over the last three years and has raised its dividend every year for the last 31 years.

Badger Meter Stock Performance

Shares of BMI stock opened at $185.70 on Friday. Badger Meter has a 1 year low of $130.75 and a 1 year high of $187.41. The stock has a fifty day moving average of $160.98 and a two-hundred day moving average of $152.24. The firm has a market capitalization of $5.46 billion, a PE ratio of 53.52, a price-to-earnings-growth ratio of 3.04 and a beta of 0.86.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Thursday, April 18th. The scientific and technical instruments company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.17. The business had revenue of $196.80 million during the quarter, compared to analysts’ expectations of $182.25 million. Badger Meter had a net margin of 13.81% and a return on equity of 20.26%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. Equities research analysts predict that Badger Meter will post 3.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Badger Meter from $151.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. StockNews.com raised Badger Meter from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Maxim Group upped their price objective on shares of Badger Meter from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Stifel Nicolaus upped their price target on shares of Badger Meter from $147.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Finally, Northcoast Research raised shares of Badger Meter from a “sell” rating to a “neutral” rating in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $164.80.

Insider Buying and Selling

In other Badger Meter news, VP William R. A. Bergum sold 194 shares of Badger Meter stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $159.55, for a total value of $30,952.70. Following the completion of the sale, the vice president now directly owns 13,672 shares in the company, valued at $2,181,367.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Badger Meter news, VP William R. A. Bergum sold 194 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $159.55, for a total value of $30,952.70. Following the completion of the sale, the vice president now owns 13,672 shares of the company’s stock, valued at $2,181,367.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Fred J. Begale sold 1,203 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $162.92, for a total value of $195,992.76. Following the completion of the transaction, the vice president now directly owns 2,181 shares in the company, valued at $355,328.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,813 shares of company stock worth $448,167. Insiders own 0.80% of the company’s stock.

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.