Fed’s Powell opens door to potential rate cuts at Jackson Hole
Karen M. Bauer, Vice President of Investor Relations, Strategy & Treasurer at Badger Meter Inc . (NYSE:BMI), recently executed a series of stock sales amounting to a total of $70,516. The transactions took place on March 3 and March 4, as reported in a recent SEC filing.
On March 3, Bauer sold 127 shares of common stock at a weighted average price of $212.13 per share. The prices for this transaction ranged from $212.00 to $212.64. The following day, March 4, she sold an additional 208 shares at a weighted average price of $209.5, with prices ranging from $209.25 to $209.76. The stock has demonstrated strong performance with a 31% return over the past year, while maintaining a 55-year streak of consistent dividend payments.
Following these transactions, Bauer now holds 6,223 shares of Badger Meter common stock directly. For deeper insights into insider trading patterns and access to comprehensive financial metrics, including 15 additional ProTips, explore the full company analysis on InvestingPro.
In other recent news, Badger Meter has announced its largest acquisition to date, purchasing SmartCover for $185 million. This acquisition is expected to be a significant milestone for the company, although it is projected to be dilutive to the company’s earnings per share in 2025. However, analysts anticipate that the impact will be neutral by 2026. Stifel analysts have responded to this development by increasing the price target for Badger Meter to $209, while maintaining a Hold rating on the stock. The acquisition of SmartCover, which specializes in smart water monitoring solutions, is expected to positively contribute to Badger Meter’s organic growth starting in 2026. Additionally, it is anticipated to enhance the company’s EBITDA margins by 2027 and 2028. Stifel’s analysis indicates that despite the initial dilutive effect, the long-term outlook for Badger Meter appears favorable. The acquisition is projected to boost the company’s growth trajectory and profitability in the coming years.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.