Bryn Mawr Capital Management LLC Invests $218,000 in Badger Meter, Inc. (NYSE:BMI)

Bryn Mawr Capital Management LLC bought a new position in shares of Badger Meter, Inc. (NYSE:BMI) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,028 shares of the scientific and technical instruments company’s stock, valued at approximately $218,000.

Several other hedge funds also recently made changes to their positions in BMI. Congress Asset Management Co. increased its stake in Badger Meter by 23.1% in the fourth quarter. Congress Asset Management Co. now owns 363,164 shares of the scientific and technical instruments company’s stock valued at $77,034,000 after acquiring an additional 68,137 shares during the last quarter. Perpetual Ltd bought a new position in Badger Meter in the fourth quarter valued at approximately $10,462,000. Barclays PLC increased its stake in Badger Meter by 348.5% in the third quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock valued at $12,034,000 after acquiring an additional 42,806 shares during the last quarter. Erste Asset Management GmbH bought a new position in Badger Meter in the third quarter valued at approximately $5,285,000. Finally, Bank of New York Mellon Corp increased its stake in Badger Meter by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 335,105 shares of the scientific and technical instruments company’s stock valued at $71,083,000 after acquiring an additional 23,606 shares during the last quarter. 89.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BMI has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Maxim Group raised their target price on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $218.75.

Badger Meter Trading Down 0.2 %

BMI opened at $207.86 on Friday. Badger Meter, Inc. has a 1-year low of $150.87 and a 1-year high of $239.11. The company has a market cap of $6.11 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 3.89 and a beta of 0.78. The company has a fifty day moving average price of $214.27 and a two-hundred day moving average price of $213.40.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. On average, research analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, February 28th. Badger Meter’s dividend payout ratio (DPR) is presently 32.15%.

Badger Meter 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.