Barclays PLC Acquires 4,576 Shares of Badger Meter, Inc. (BMI)

Barclays PLC raised its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 48.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,094 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,576 shares during the quarter. Barclays PLC’s holdings in Badger Meter were worth $666,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. BB&T Securities LLC grew its stake in shares of Badger Meter by 8.7% in the 4th quarter. BB&T Securities LLC now owns 17,320 shares of the scientific and technical instruments company’s stock worth $827,000 after acquiring an additional 1,382 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Badger Meter by 19.7% in the 1st quarter. Blair William & Co. IL now owns 8,439 shares of the scientific and technical instruments company’s stock worth $398,000 after acquiring an additional 1,386 shares in the last quarter. Zeke Capital Advisors LLC grew its stake in shares of Badger Meter by 11.6% in the 4th quarter. Zeke Capital Advisors LLC now owns 15,441 shares of the scientific and technical instruments company’s stock worth $738,000 after acquiring an additional 1,609 shares in the last quarter. Swiss National Bank grew its stake in shares of Badger Meter by 3.5% in the 4th quarter. Swiss National Bank now owns 49,600 shares of the scientific and technical instruments company’s stock worth $2,371,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Badger Meter by 37.4% in the 1st quarter. Victory Capital Management Inc. now owns 6,497 shares of the scientific and technical instruments company’s stock worth $306,000 after acquiring an additional 1,767 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Several equities analysts recently weighed in on BMI shares. Zacks Investment Research lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Canaccord Genuity upgraded shares of Badger Meter from a “sell” rating to a “hold” rating and increased their price target for the company from $40.00 to $44.00 in a research report on Friday, June 15th. ValuEngine lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Stifel Nicolaus restated a “hold” rating and set a $41.00 price target (down previously from $49.00) on shares of Badger Meter in a research report on Thursday, April 19th. Finally, Boenning Scattergood restated a “hold” rating on shares of Badger Meter in a research report on Wednesday, April 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Badger Meter has a consensus rating of “Hold” and an average price target of $49.80.

In other Badger Meter news, CFO Richard E. Johnson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $44.76, for a total transaction of $447,600.00. Following the sale, the chief financial officer now directly owns 95,982 shares of the company’s stock, valued at $4,296,154.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

Badger Meter opened at $44.20 on Friday, according to MarketBeat.com. The stock has a market cap of $1.30 billion, a P/E ratio of 37.14, a P/E/G ratio of 3.62 and a beta of 0.67. Badger Meter, Inc. has a fifty-two week low of $39.10 and a fifty-two week high of $52.10.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Tuesday, April 17th. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.11). The company had revenue of $105.04 million for the quarter, compared to the consensus estimate of $107.17 million. Badger Meter had a net margin of 8.22% and a return on equity of 12.11%. Badger Meter’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. equities analysts forecast that Badger Meter, Inc. will post 1.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, May 30th. Badger Meter’s dividend payout ratio (DPR) is presently 43.70%.

About Badger Meter

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

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

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