880 Shares in Badger Meter, Inc. $BMI Purchased by 626 Financial LLC

626 Financial LLC acquired a new stake in shares of Badger Meter, Inc. (NYSE:BMI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 880 shares of the scientific and technical instruments company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in Badger Meter by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 92 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Badger Meter by 83.0% during the first quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 88 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Badger Meter in the 1st quarter worth approximately $37,000. Olde Wealth Management LLC bought a new position in Badger Meter in the 1st quarter valued at approximately $41,000. Finally, Global X Japan Co. Ltd. bought a new position in Badger Meter in the 1st quarter valued at approximately $45,000. 89.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BMI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Badger Meter in a report on Saturday, September 27th. JPMorgan Chase & Co. started coverage on Badger Meter in a research report on Tuesday, September 9th. They set an “overweight” rating and a $230.00 price objective on the stock. Zacks Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Royal Bank Of Canada lowered their target price on shares of Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Robert W. Baird raised their price target on shares of Badger Meter from $216.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Badger Meter has a consensus rating of “Moderate Buy” and a consensus price target of $237.00.

Badger Meter Stock Performance

BMI stock opened at $180.93 on Tuesday. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 3.20 and a beta of 0.90. The business’s 50-day moving average is $182.88 and its two-hundred day moving average is $209.66. Badger Meter, Inc. has a fifty-two week low of $162.17 and a fifty-two week high of $256.08.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The firm had revenue of $238.10 million for the quarter, compared to the consensus estimate of $235.38 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.40 per share. This is an increase from Badger Meter’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 22nd. Badger Meter’s dividend payout ratio is currently 34.86%.

Badger Meter Company Profile

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.