In a recent transaction, Kimberly K. Stoll, the Vice President of Sales & Marketing for Badger Meter Inc . (NYSE:BMI), sold 1,097 shares of the company's common stock. The transaction, dated August 21, 2024, was executed at a price of $205 per share, resulting in a total value of $224,885.
The sale has adjusted Stoll's holdings in the company to a total of 3,861 shares of Badger Meter's common stock. The details of the transaction were made public in a filing with the Securities and Exchange Commission.
Badger Meter, a Milwaukee-based company, specializes in totalizing fluid meters and counting devices for industrial applications. The company's stock is traded on the New York Stock Exchange under the ticker symbol BMI.
This transaction comes amidst the regular financial disclosures required of company executives, providing investors with insight into the trading activities of insiders. The sale by Stoll represents a significant cash-out from her stake in the company, although the reasons for the sale have not been disclosed.
Investors often monitor such transactions as they can provide indications of an insider's confidence in the company's current and future prospects. However, such sales can be motivated by a variety of personal financial considerations and do not necessarily reflect a negative outlook on the company's performance.
Badger Meter continues to operate out of its headquarters at 4545 West Brown Deer Road, Milwaukee, as it has for many years, contributing to the industrial applications and services sector with its range of specialized products.
"In other recent news, Badger Meter, Inc. reported a 23% year-over-year growth in sales for the second quarter of 2024, with total sales reaching $217 million. The company also showcased record operating margins and earnings per share, indicating robust cash flow growth. Badger Meter also announced a 26% increase in its quarterly common stock dividend, raising it from $0.27 to $0.34 per share. In the same vein, Baird, an independent global financial services firm, has raised the price target for Badger Meter shares, maintaining a neutral rating on the stock.
Simultaneously, another industry analyst increased the company's price target to $218.00, up from the previous target of $204.00, while upholding a Buy rating. These adjustments were made following the company's strong performance in the second quarter.
Furthermore, Badger Meter introduced BlueEdge, a suite of connected water management technologies, and released its annual sustainability report, emphasizing its commitment to customer-driven sustainability and cost reduction. The company set its sales growth expectations around high single digits year-over-year for the second half of 2024. These are recent developments that investors should consider."
InvestingPro Insights
Badger Meter Inc. (NYSE:BMI) has shown a notable performance in the market, as reflected in the company's recent financial metrics. With a market capitalization of $5.96 billion, the company is no small player in the industrial sector. Investors might find interest in the fact that Badger Meter has experienced a robust revenue growth of 24.0% in the last twelve months as of Q2 2024, indicating a strong upward trend in its financial performance.
An InvestingPro Tip highlights that Badger Meter has a history of consistent dividend payments, having maintained them for 54 consecutive years, which could be a sign of the company's financial stability and commitment to shareholder returns. This is further supported by a recent dividend growth of 51.11%, demonstrating the company's capacity to increase shareholder value over time.
Another noteworthy InvestingPro Tip is that the company's stock has seen a large price uptick over the last six months, with a total return of 30.44%. This aligns with the stock trading near its 52-week high, at 96.67% of that value. Such a performance could indicate strong market confidence in Badger Meter and its prospects.
For those interested in further insights, there are 17 additional InvestingPro Tips available for Badger Meter, which can be accessed to help investors make more informed decisions. These tips can be found at: https://www.investing.com/pro/BMI
While the recent insider sale by Kimberly K. Stoll may raise questions among investors, the data and tips provided by InvestingPro offer a broader view of the company's financial health and market position. As with any insider transaction, it is essential to consider the wider context in which it occurs.
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