Sen. Markwayne Mullin Sells Badger Meter, Inc. (NYSE:BMI) Stock

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Badger Meter, Inc. (NYSE:BMI). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $1,001 and $15,000 in Badger Meter stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

Badger Meter Stock Down 1.0 %

BMI stock opened at $212.12 on Wednesday. Badger Meter, Inc. has a twelve month low of $139.50 and a twelve month high of $239.11. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 52.64, a PEG ratio of 2.98 and a beta of 0.79. The business’s fifty day simple moving average is $217.50 and its two-hundred day simple moving average is $207.53.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). The company had revenue of $208.44 million during the quarter, compared to analysts’ expectations of $212.08 million. Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. Research analysts expect that Badger Meter, Inc. will post 4.19 EPS for the current year.

Badger Meter Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.36 annualized dividend and a dividend yield of 0.64%. Badger Meter’s dividend payout ratio (DPR) is presently 33.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in Badger Meter by 14.2% during the third quarter. Franklin Resources Inc. now owns 18,317 shares of the scientific and technical instruments company’s stock valued at $4,126,000 after purchasing an additional 2,276 shares in the last quarter. Synovus Financial Corp grew its position in shares of Badger Meter by 4.6% in the 3rd quarter. Synovus Financial Corp now owns 2,211 shares of the scientific and technical instruments company’s stock worth $483,000 after buying an additional 98 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Badger Meter by 9.0% during the 3rd quarter. Tidal Investments LLC now owns 8,750 shares of the scientific and technical instruments company’s stock worth $1,911,000 after acquiring an additional 726 shares in the last quarter. Barclays PLC lifted its position in Badger Meter by 348.5% during the third quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock valued at $12,034,000 after acquiring an additional 42,806 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Badger Meter by 636.4% in the third quarter. Public Employees Retirement System of Ohio now owns 950 shares of the scientific and technical instruments company’s stock valued at $207,000 after acquiring an additional 821 shares in the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BMI shares. Maxim Group boosted their price target on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus upped their target price on Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird raised their price target on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $216.00.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.