Insider Market Move: What after Richard Johnson’s Insider Sale of Badger Meter, Inc. (NYSE:BMI) Stock?

November 23, 2016 - By Louis Casey

Insider Market Move: What after Richard Johnson's Insider Sale of Badger Meter, Inc. (NYSE:BMI) Stock?

Richard Johnson Insider Sell

The Sr. VP-Finance – Treas & CFO of Badger Meter Inc, Richard Johnson, has just unloaded – 10,400 shares of the corporation he’s leading and operating – coming to a total stocks unload of $374,860 US Dollars (this based on avg stock price of $36.0). This is not his first insider trade, in the last month, he sold another 15,000 shares worth $529,624 USD. A report freely available for public review here unveiled this sale activity. It was unveiled on November 23, 2016 and filled with Security and Exchange Commission. He owns 0.59% of the -company’s market cap or 174,208 shares.

Badger Meter, Inc. (NYSE:BMI) Ratings Coverage

Out of 5 analysts covering Badger Meter (NYSE:BMI), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $63 is the highest target while $50 is the lowest. The $55 average target is 52.40% above today’s ($36.09) stock price. Badger Meter has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Badger Meter, Inc. (NYSE:BMI) has “Neutral” rating given on Tuesday, July 21 by Robert W. Baird. On Tuesday, April 12 the stock rating was initiated by Sidoti with “Neutral”. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, April 20. Ladenburg Thalmann downgraded the shares of BMI in a report on Friday, March 18 to “Sell” rating. The stock of Badger Meter, Inc. (NYSE:BMI) has “Outperform” rating given on Wednesday, February 3 by Robert W. Baird. On Wednesday, October 7 the stock rating was initiated by Gabelli with “Hold”.

Insitutional Activity: The institutional sentiment increased to 1.83 in 2016 Q2. Its up 0.91, from 0.92 in 2016Q1. The ratio is positive, as 14 funds sold all Badger Meter, Inc. shares owned while 50 reduced positions. 16 funds bought stakes while 43 increased positions. They now own 11.13 million shares or 6.43% less from 11.89 million shares in 2016Q1.

The United Kingdom-based Blackrock has invested 0% in Badger Meter, Inc. (NYSE:BMI). The France-based Natixis Asset has invested 0.01% in Badger Meter, Inc. (NYSE:BMI). Wells Fargo And Mn, a California-based fund reported 135,853 shares. Manchester Cap Lc last reported 77 shares in the company. Credit Suisse Ag accumulated 0% or 12,568 shares. Bridgeway Cap Mngmt has invested 0% of its portfolio in Badger Meter, Inc. (NYSE:BMI). Joel Isaacson Communication Ltd Liability Com has invested 0% of its portfolio in Badger Meter, Inc. (NYSE:BMI). Rodgers Brothers holds 1.58% of its portfolio in Badger Meter, Inc. (NYSE:BMI) for 52,434 shares. Rocky Mountain Advisers Ltd Llc reported 36 shares or 0.02% of all its holdings. Moreover, Dubuque Bank & Trust And Trust Communication has 0.01% invested in Badger Meter, Inc. (NYSE:BMI) for 650 shares. State Of Tennessee Treasury Department holds 0% of its portfolio in Badger Meter, Inc. (NYSE:BMI) for 11,573 shares. Blackrock Advisors Lc last reported 6,810 shares in the company. Deutsche Bancshares Ag reported 35,819 shares or 0% of all its holdings. Capital Fund owns 10,300 shares or 0.01% of their US portfolio. Impax Asset Mgmt has 158,960 shares for 0.58% of their US portfolio.

Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 9 sales for $1.86 million net activity. MEEUSEN RICHARD A also sold $344,125 worth of Badger Meter, Inc. (NYSE:BMI) shares. 3,400 Badger Meter, Inc. (NYSE:BMI) shares with value of $121,765 were sold by DIX RONALD H. The insider Begale Fred J sold $113,527. 2,250 shares were sold by BERGUM WILLIAM R A, worth $146,450. JOHNSON RICHARD E sold $357,029 worth of stock.

About 256,713 shares traded hands or 43.23% up from the average. Badger Meter, Inc. (NYSE:BMI) has risen 0.30% since April 21, 2016 and is uptrending. It has underperformed by 5.03% the S&P500.

Badger Meter, Inc. is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial clients across the world. The company has a market cap of $1.07 billion. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data. It has a 33.18 P/E ratio. The Company’s product lines include two categories, such as sales of water meters and related technologies to municipal water utilities , and sales of meters to various industries for water and other fluids (flow instrumentation).

According to Zacks Investment Research, “Badger Meter, Inc. is a marketer and manufacturer of products, and a provider of services, using flow measurement and control technologies serving markets worldwide. Their products are sold to water utilities, original equipment manufacturers and various industrial customers primarily operating in the following markets: water, wastewater and process waters; energy and petroleum; food and beverage; pharmaceutical; chemical; and concrete.”

Analysts await Badger Meter, Inc. (NYSE:BMI) to report earnings on February, 2. They expect $0.23 EPS, up 21.05% or $0.04 from last year’s $0.19 per share. BMI’s profit will be $6.82M for 39.23 P/E if the $0.23 EPS becomes a reality. After $0.30 actual EPS reported by Badger Meter, Inc. for the previous quarter, Wall Street now forecasts -23.33% negative EPS growth.

More news for Badger Meter, Inc. (NYSE:BMI) were recently published by: Marketwatch.com, which released: “Badger Meter downgraded to neutral from outperform at RW Baird” on December 21, 2009. Wsj.com‘s article titled: “Badger Meter Explores a Sale, With Auction Process in Early Stages” and published on May 04, 2016 is yet another important article.

BMI Company Profile

Badger Meter, Inc., incorporated on March 9, 1905, is engaged in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial clients across the world. The Company’s products, measure water, oil, chemicals and other fluids, provide and communicate timely measurement data. The Company’s product lines include two categories, such as sales of water meters and related technologies to municipal water utilities (municipal water), and sales of meters to various industries for water and other fluids (flow instrumentation).

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