Sidoti & Co. Initiates Coverage on Badger Meter to Neutral

Sidoti & Co. Initiates Coverage on Badger Meter(NYSE:BMI). The shares have been rated Neutral. The rating by Sidoti & Co. was issued on Apr 12, 2016.

In a different note, On Mar 18, 2016, Ladenburg Thalmann said it Downgrades its rating on Badger Meter. The shares have been rated ‘Sell’ by the firm. On Feb 3, 2016, Baird said it Upgrades its rating on Badger Meter. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Outperform’ by the firm.

Badger Meter (BMI) shares turned negative on Fridays trading session with the shares closing down -0.26 points or -0.39% at a volume of 56,189. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.6. The peak price level was also seen at $66.6 while the days lowest was $64.76. Finally the shares closed at $65.84. The 52-week high of the shares is $69.482 while the 52-week low is $51.63. According to the latest information available, the market cap of the company is $956 M.

Badger Meter(BMI) last announced its earnings results on Feb 4, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $95.77M. Analysts had an estimated revenue of $92.60M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Beverly L P Smiley (VP-Controller) sold 1,518 shares at $67.33 per share price.Also, On Mar 10, 2016, Kimberly K Stoll (VP-Sales & Marketing) sold 335 shares at $66.28 per share price.On Mar 3, 2016, Fred J Begale (VP-Engineering) sold 290 shares at $66.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Badger Meter Inc. is a manufacturer and marketer of products incorporating flow measurement and control technologies serving markets around the world. The Company offers products to measure water oil chemicals and other fluids. Its three product lines include sales of water meters and related technologies to municipal water utilities (municipal water) sales of meters to various industries for water and other fluids (flow instrumentation) and sales of gas meter radios and concrete vibrators to markets (specialty products). Municipal water offering includes mechanical and electronic (static) water meters and related technologies and services used by water utilities for generating water and wastewater. Flow instrumentation category includes the sale of meters and valves to measure and control materials flowing through a pipe. Its specialty products include the sale of radio technology to natural gas utilities for installation on their gas meters.

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