Badger Meter, Inc. (NYSE:BMI) – Equities research analysts at Gabelli raised their FY2020 earnings per share (EPS) estimates for shares of Badger Meter in a note issued to investors on Wednesday. Gabelli analyst J. Garza now anticipates that the scientific and technical instruments company will post earnings per share of $1.80 for the year, up from their previous forecast of $1.55.
Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $96.65 million during the quarter, compared to the consensus estimate of $98.08 million. Badger Meter had a net margin of 8.59% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share.
Badger Meter (NYSE BMI) opened at $46.70 on Friday. The company has a market cap of $1,359.53, a PE ratio of 39.58 and a beta of 0.64. Badger Meter has a one year low of $34.40 and a one year high of $52.10.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.11%. Badger Meter’s dividend payout ratio (DPR) is 44.07%.
In related news, VP Fred J. Begale sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the transaction, the vice president now owns 7,609 shares in the company, valued at $346,970.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard E. Johnson sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total transaction of $327,960.00. Following the transaction, the chief financial officer now owns 105,976 shares in the company, valued at approximately $4,827,206.80. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rock Point Advisors LLC purchased a new position in shares of Badger Meter during the third quarter valued at about $201,000. Appleton Group LLC purchased a new position in shares of Badger Meter during the fourth quarter valued at about $203,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Badger Meter during the third quarter valued at about $221,000. Bluestein R H & Co. purchased a new position in shares of Badger Meter during the third quarter valued at about $245,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Badger Meter during the third quarter valued at about $267,000. Institutional investors own 83.95% of the company’s stock.
Badger Meter Company Profile
Badger Meter, Inc 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 Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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