Rockefeller Capital Management L.P. Has $37.02 Million Position in Badger Meter, Inc. $BMI

Rockefeller Capital Management L.P. increased its stake in Badger Meter, Inc. (NYSE:BMI) by 50.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 212,285 shares of the scientific and technical instruments company’s stock after acquiring an additional 71,195 shares during the period. Rockefeller Capital Management L.P.’s holdings in Badger Meter were worth $37,025,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BMI. N.E.W. Advisory Services LLC acquired a new stake in shares of Badger Meter in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of Badger Meter by 76.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of Badger Meter during the fourth quarter valued at $27,000. Caitlin John LLC acquired a new position in shares of Badger Meter during the third quarter valued at $31,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird lowered their price objective on Badger Meter from $173.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Stifel Nicolaus set a $140.00 target price on shares of Badger Meter in a research report on Friday, May 22nd. Zacks Research cut shares of Badger Meter from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Maxim Group downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Badger Meter from $190.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Badger Meter presently has an average rating of “Hold” and an average price target of $155.86.

Insider Buying and Selling at Badger Meter

In other news, VP Christina M. Tarantino bought 870 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were bought at an average cost of $113.80 per share, for a total transaction of $99,006.00. Following the completion of the acquisition, the vice president owned 1,801 shares in the company, valued at approximately $204,953.80. This trade represents a 93.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Wrocklage bought 1,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was purchased at an average price of $122.35 per share, for a total transaction of $122,350.00. Following the completion of the acquisition, the executive vice president owned 23,321 shares of the company’s stock, valued at approximately $2,853,324.35. This trade represents a 4.48% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 6,628 shares of company stock worth $777,128 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Badger Meter Trading Down 0.1%

NYSE BMI opened at $135.34 on Monday. The stock has a 50-day simple moving average of $127.91 and a 200 day simple moving average of $150.50. The company has a market capitalization of $3.95 billion, a PE ratio of 30.55, a P/E/G ratio of 2.43 and a beta of 0.68. Badger Meter, Inc. has a 12 month low of $112.09 and a 12 month high of $251.54.

Badger Meter (NYSE:BMI) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The firm had revenue of $220.71 million for the quarter. As a group, sell-side analysts predict that Badger Meter, Inc. will post 4.51 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.60 annualized dividend and a yield of 1.2%. Badger Meter’s dividend payout ratio (DPR) is presently 36.12%.

Badger Meter Profile

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.