Badger Meter, Inc. (NYSE:BMI) Stock Holdings Lowered by Public Sector Pension Investment Board

Public Sector Pension Investment Board reduced its holdings in Badger Meter, Inc. (NYSE:BMI) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,432 shares of the scientific and technical instruments company’s stock after selling 2,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in Badger Meter were worth $13,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Badger Meter by 1,016.7% in the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 183 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Badger Meter by 46.3% in the second quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 158 shares in the last quarter. CWM LLC increased its position in shares of Badger Meter by 40.9% in the second quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after acquiring an additional 167 shares in the last quarter. Annex Advisory Services LLC purchased a new position in shares of Badger Meter in the third quarter worth approximately $204,000. Finally, ORBA Wealth Advisors L.L.C. purchased a new position in shares of Badger Meter in the third quarter worth approximately $207,000. 89.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Maxim Group lifted their target price on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. StockNews.com downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their target price on shares of Badger Meter from $189.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $214.75.

Badger Meter Stock Performance

Shares of BMI opened at $216.36 on Friday. The company’s 50 day moving average price is $215.58 and its 200 day moving average price is $202.61. Badger Meter, Inc. has a 52 week low of $139.50 and a 52 week high of $230.76. The company has a market capitalization of $6.36 billion, a PE ratio of 53.69, a PEG ratio of 2.76 and a beta of 0.78.

Badger Meter (NYSE:BMI) last posted its earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The business had revenue of $208.44 million during the quarter, compared to the consensus estimate of $212.08 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Badger Meter, Inc. will post 4.19 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.36 annualized dividend and a dividend yield of 0.63%. Badger Meter’s dividend payout ratio (DPR) is 33.75%.

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.