Badger Meter, Inc. (BMI) to Distribute Quarterly Dividend of $0.27 on June 7th

Badger Meter, Inc. (NYSE:BMI) declared a quarterly dividend on Friday, April 26th, RTT News reports. Investors 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 payment 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 Up 0.9 %

Shares of NYSE BMI opened at $185.52 on Friday. Badger Meter has a 52 week low of $130.75 and a 52 week high of $187.41. The firm’s fifty day moving average is $160.98 and its 200 day moving average is $152.30. The company 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 issued its earnings results on Thursday, April 18th. The scientific and technical instruments company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.82 by $0.17. Badger Meter had a net margin of 13.81% and a return on equity of 20.26%. The company had revenue of $196.80 million for the quarter, compared to the consensus estimate of $182.25 million. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts anticipate that Badger Meter will post 3.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Badger Meter

In other news, VP William R. A. Bergum sold 194 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $2,181,367.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP William R. A. Bergum sold 194 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $2,181,367.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Fred J. Begale sold 1,203 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were 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 in the company, valued at approximately $355,328.52. The disclosure for this sale can be found here. Insiders have sold a total of 2,813 shares of company stock worth $448,167 over the last quarter. Corporate 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.