BNP Paribas Arbitrage SA boosted its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 48.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,154 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,280 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.06% of Badger Meter worth $792,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Badger Meter by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock worth $112,703,000 after purchasing an additional 33,137 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Badger Meter by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,658,855 shares of the scientific and technical instruments company’s stock worth $66,105,000 after purchasing an additional 41,724 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Badger Meter by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock worth $44,926,000 after purchasing an additional 10,712 shares during the last quarter. State Street Corp grew its position in Badger Meter by 4.7% during the 2nd quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock worth $28,513,000 after purchasing an additional 32,322 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Badger Meter by 8.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 567,899 shares of the scientific and technical instruments company’s stock worth $22,631,000 after purchasing an additional 44,702 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Shares of Badger Meter, Inc. (NYSE:BMI) opened at $46.00 on Monday. Badger Meter, Inc. has a 12 month low of $34.40 and a 12 month high of $52.10. The company 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 data on Monday, October 16th. The scientific and technical instruments company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.08). Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. The business had revenue of $100.00 million for the quarter, compared to analyst estimates of $102.86 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. research analysts forecast that Badger Meter, Inc. will post 1.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, November 29th. Badger Meter’s payout ratio is 45.61%.

In other Badger Meter news, VP Fred J. Begale sold 2,000 shares of Badger Meter stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the completion of the sale, the vice president now directly owns 7,609 shares in the company, valued at approximately $346,970.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Beverly L. P. Smiley sold 7,550 shares of Badger Meter stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $45.26, for a total transaction of $341,713.00. Following the sale, 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. Over the last 90 days, insiders have sold 24,750 shares of company stock valued at $1,125,993. Company insiders own 4.50% of the company’s stock.

Several analysts have weighed in on the stock. Sidoti boosted their target price on shares of Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Stifel Nicolaus assumed coverage on shares of Badger Meter in a research report on Monday, September 18th. They set a “hold” rating and a $43.00 target price on the stock. BidaskClub downgraded 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 note on Wednesday, September 20th. Finally, Canaccord Genuity restated a “hold” rating and set a $40.00 price objective on shares of Badger Meter in a research note on Friday, October 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Badger Meter presently has an average 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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