Insider Selling: Badger Meter, Inc. (NYSE:BMI) VP Sells $244,571.68 in Stock

Badger Meter, Inc. (NYSE:BMI) VP Fred J. Begale sold 2,416 shares of the firm’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $101.23, for a total value of $244,571.68. Following the completion of the sale, the vice president now owns 5,081 shares of the company’s stock, valued at $514,349.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of BMI stock opened at $102.65 on Friday. The stock has a 50-day moving average price of $102.29 and a 200 day moving average price of $98.09. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 53.74 and a beta of 0.77. Badger Meter, Inc. has a 12 month low of $62.08 and a 12 month high of $111.77.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Monday, July 19th. The scientific and technical instruments company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $122.87 million during the quarter, compared to analyst estimates of $118.40 million. Badger Meter had a return on equity of 15.22% and a net margin of 11.94%. The company’s revenue was up 34.8% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. On average, analysts expect that Badger Meter, Inc. will post 1.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 27th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Badger Meter’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, August 26th. Badger Meter’s dividend payout ratio (DPR) is presently 47.34%.

Institutional investors have recently bought and sold shares of the company. Rathbone Brothers plc grew its position in shares of Badger Meter by 17.1% during the 2nd quarter. Rathbone Brothers plc now owns 34,915 shares of the scientific and technical instruments company’s stock worth $3,426,000 after buying an additional 5,095 shares during the period. Tortoise Index Solutions LLC grew its position in shares of Badger Meter by 16.1% during the 1st quarter. Tortoise Index Solutions LLC now owns 3,991 shares of the scientific and technical instruments company’s stock worth $371,000 after buying an additional 552 shares during the period. Impax Asset Management Group plc grew its position in shares of Badger Meter by 8.5% during the 2nd quarter. Impax Asset Management Group plc now owns 1,128,139 shares of the scientific and technical instruments company’s stock worth $110,116,000 after buying an additional 88,208 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in shares of Badger Meter by 39.6% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 4,800 shares of the scientific and technical instruments company’s stock worth $447,000 after buying an additional 1,361 shares during the period. Finally, Man Group plc grew its position in shares of Badger Meter by 152.6% during the 1st quarter. Man Group plc now owns 159,480 shares of the scientific and technical instruments company’s stock worth $14,843,000 after buying an additional 96,351 shares during the period. Institutional investors own 84.46% of the company’s stock.

Separately, Boenning Scattergood restated a “neutral” rating on shares of Badger Meter in a research note on Monday, June 21st.

About Badger Meter

Badger Meter, Inc engages in the provision of flow measurement, control products, and communications solutions that serves water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation. Municipal water products comprises of water meters and related technologies to municipal water utilities.

Featured Story: What strategies should day traders use to execute a trade?

Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.com's FREE daily email newsletter.