Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,438 shares of the scientific and technical instruments company’s stock after buying an additional 2,353 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.43% of Badger Meter worth $5,948,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of BMI. Rock Point Advisors LLC bought a new stake in shares of Badger Meter in the 3rd quarter valued at about $201,000. Sei Investments Co. lifted its stake in shares of Badger Meter by 30,007.4% in the 3rd quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock valued at $203,000 after acquiring an additional 16,204 shares during the last quarter. Appleton Group LLC bought a new position in Badger Meter during the 4th quarter valued at approximately $203,000. Chevy Chase Trust Holdings Inc. bought a new position in Badger Meter during the 3rd quarter valued at approximately $221,000. Finally, Profund Advisors LLC bought a new position in Badger Meter during the 2nd quarter valued at approximately $229,000. 84.14% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented on BMI shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price target (down previously from $49.00) on shares of Badger Meter in a research report on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and set a $44.00 target price on shares of Badger Meter in a report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.60.
In other Badger Meter news, VP Fred J. Begale sold 2,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total value of $91,200.00. Following the completion of the sale, the vice president now owns 7,609 shares in the company, valued at approximately $346,970.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard E. Johnson sold 7,200 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.55, for a total value of $327,960.00. Following the completion of the sale, the chief financial officer now owns 105,976 shares of the company’s stock, valued at approximately $4,827,206.80. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.
Badger Meter, Inc. (BMI) traded down $0.25 during trading on Wednesday, hitting $48.00. The company had a trading volume of 89,270 shares, compared to its average volume of 125,319. The stock has a market cap of $1,400.00, a P/E ratio of 40.55, a P/E/G ratio of 2.02 and a beta of 0.64. Badger Meter, Inc. has a 52 week low of $34.40 and a 52 week high of $52.10.
Badger Meter (NYSE:BMI) last released its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $96.65 million for the quarter, compared to analysts’ expectations of $98.08 million. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. research analysts forecast that Badger Meter, Inc. will post 1.6 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.52 annualized dividend and a dividend yield of 1.08%. Badger Meter’s payout ratio is 43.70%.
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Badger Meter Company Profile
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.
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