Stifel Nicolaus restated their hold rating on shares of Badger Meter (NYSE:BMI) in a report released on Tuesday, Marketbeat.com reports. Stifel Nicolaus currently has a $51.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $45.00.

A number of other equities research analysts also recently weighed in on BMI. Robert W. Baird reiterated a hold rating and issued a $44.00 target price on shares of Badger Meter in a report on Tuesday, October 17th. Canaccord Genuity reiterated a hold rating and issued a $40.00 target price on shares of Badger Meter in a report on Friday, October 6th. Zacks Investment Research downgraded Badger Meter from a strong-buy rating to a hold rating in a report on Wednesday, September 20th. Finally, Sidoti lifted their target price on Badger Meter from $55.00 to $65.00 and gave the stock a buy rating in a report on Thursday, October 5th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $50.00.

Shares of Badger Meter (NYSE BMI) traded up $0.60 on Tuesday, hitting $49.30. The stock had a trading volume of 104,600 shares, compared to its average volume of 91,800. Badger Meter has a 52 week low of $34.40 and a 52 week high of $52.10. The company has a market capitalization of $1,417.78, a P/E ratio of 43.25 and a beta of 0.68.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). Badger Meter had a return on equity of 12.62% and a net margin of 8.39%. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $102.86 million. During the same quarter last year, the business earned $0.30 earnings per share. Badger Meter’s revenue was up 3.8% compared to the same quarter last year. sell-side analysts anticipate that Badger Meter will post 1.18 EPS for the current fiscal year.

In other Badger Meter news, CFO Richard E. Johnson sold 7,200 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the sale, the chief financial officer now directly owns 105,976 shares in the company, valued at $4,827,206.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Fred J. Begale sold 2,000 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total value of $91,200.00. Following the completion of the sale, the vice president now owns 7,609 shares of the company’s stock, valued at $346,970.40. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Badger Meter in the second quarter worth approximately $140,000. Pinebridge Investments L.P. grew its stake in Badger Meter by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock valued at $153,000 after acquiring an additional 38 shares during the period. Rock Point Advisors LLC acquired a new stake in Badger Meter in the third quarter valued at approximately $201,000. Sei Investments Co. grew its stake in Badger Meter by 30,007.4% in the third quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock valued at $203,000 after acquiring an additional 16,204 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Badger Meter by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,264 shares of the scientific and technical instruments company’s stock valued at $210,000 after acquiring an additional 789 shares during the period. Institutional investors and hedge funds own 82.87% of the company’s stock.

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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.

Analyst Recommendations for Badger Meter (NYSE:BMI)

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