Badger Meter, Inc. (NYSE:BMI) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. lifted its position in Badger Meter, Inc. (NYSE:BMI) by 39.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,818 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,290 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.11% of Badger Meter worth $1,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BMI. First Personal Financial Services purchased a new stake in Badger Meter during the second quarter valued at about $119,000. SG Americas Securities LLC purchased a new stake in Badger Meter during the second quarter valued at about $140,000. Pinebridge Investments L.P. lifted its holdings in Badger Meter by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 3,836 shares of the scientific and technical instruments company’s stock valued at $153,000 after purchasing an additional 38 shares during the last quarter. Rock Point Advisors LLC purchased a new stake in Badger Meter during the third quarter valued at about $201,000. Finally, Victory Capital Management Inc. lifted its holdings in Badger Meter by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,264 shares of the scientific and technical instruments company’s stock valued at $210,000 after purchasing an additional 789 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

In other Badger Meter news, CFO Richard E. Johnson sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.55, for a total transaction of $327,960.00. Following the completion of the transaction, the chief financial officer now owns 105,976 shares of the company’s stock, valued at $4,827,206.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Beverly L. P. Smiley sold 7,550 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $45.26, for a total value of $341,713.00. Following the transaction, the vice president now owns 56,449 shares of the company’s stock, valued at $2,554,881.74. The disclosure for this sale can be found here. Insiders have sold 16,750 shares of company stock valued at $760,873 in the last three months. Insiders own 4.50% of the company’s stock.

Badger Meter, Inc. (NYSE BMI) opened at $45.75 on Tuesday. Badger Meter, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $52.10. The stock has a market cap of $1,339.17, a P/E ratio of 40.35 and a beta of 0.67.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). Badger Meter had a return on equity of 12.62% and a net margin of 8.39%. The business had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $102.86 million. During the same period in the previous year, the business earned $0.30 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. equities analysts forecast that Badger Meter, Inc. will post 1.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, November 29th. Badger Meter’s payout ratio is 45.61%.

A number of equities research analysts have recently issued reports on the stock. Sidoti increased their price target on shares of Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Stifel Nicolaus began coverage on shares of Badger Meter in a report on Monday, September 18th. They issued a “hold” rating and a $43.00 price target on the stock. BidaskClub cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Canaccord Genuity restated a “hold” rating and issued a $40.00 price objective on shares of Badger Meter in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.00.

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About Badger Meter

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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