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

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

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

Badger Meter Stock Up 0.9 %

BMI stock opened at $185.52 on Friday. The business’s fifty day simple moving average is $160.98 and its two-hundred day simple moving average is $152.30. Badger Meter has a twelve month low of $130.75 and a twelve month high of $187.41. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 3.04 and a beta of 0.86.

Badger Meter (NYSE:BMI) last released its earnings results on Thursday, April 18th. The scientific and technical instruments company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.17. Badger Meter had a return on equity of 20.26% and a net margin of 13.81%. The business had revenue of $196.80 million for the quarter, compared to analyst estimates of $182.25 million. During the same quarter last year, the firm posted $0.66 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. Research analysts expect that Badger Meter will post 3.89 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BMI shares. Northcoast Research upgraded Badger Meter from a “sell” rating to a “neutral” rating in a research note on Thursday, April 18th. StockNews.com upgraded Badger Meter from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Maxim Group raised their price target on Badger Meter from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Robert W. Baird raised their price target on Badger Meter from $151.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Finally, Stifel Nicolaus raised their price target on Badger Meter from $147.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Badger Meter has a consensus rating of “Hold” and a consensus price target of $164.80.

Insider Activity at Badger Meter

In related news, VP William R. A. Bergum sold 194 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $159.55, for a total transaction of $30,952.70. Following 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 filing with the SEC, which is available through the SEC website. In related news, VP Fred J. Begale sold 1,203 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $162.92, for a total transaction of $195,992.76. Following the sale, the vice president now owns 2,181 shares of the company’s stock, valued at $355,328.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP William R. A. Bergum sold 194 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $159.55, for a total value of $30,952.70. Following the sale, the vice president now directly owns 13,672 shares in the company, valued at approximately $2,181,367.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,813 shares of company stock valued at $448,167 over the last quarter. 0.80% of the stock is owned by corporate insiders.

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.