Curi RMB Capital LLC Grows Stock Holdings in Badger Meter, Inc. (NYSE:BMI)

Curi RMB Capital LLC raised its stake in Badger Meter, Inc. (NYSE:BMI - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,100 shares of the scientific and technical instruments company's stock after acquiring an additional 1,336 shares during the period. Curi RMB Capital LLC owned approximately 0.15% of Badger Meter worth $9,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Evergreen Capital Management LLC lifted its position in shares of Badger Meter by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 2,780 shares of the scientific and technical instruments company's stock worth $590,000 after buying an additional 48 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Badger Meter by 0.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 6,204 shares of the scientific and technical instruments company's stock worth $1,316,000 after acquiring an additional 50 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Badger Meter by 4.2% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,271 shares of the scientific and technical instruments company's stock valued at $270,000 after acquiring an additional 51 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Badger Meter by 0.9% in the fourth quarter. Arizona State Retirement System now owns 8,536 shares of the scientific and technical instruments company's stock valued at $1,811,000 after purchasing an additional 72 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Badger Meter by 0.4% in the fourth quarter. Wellington Management Group LLP now owns 20,140 shares of the scientific and technical instruments company's stock worth $4,272,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 89.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on BMI. Argus set a $240.00 price objective on shares of Badger Meter in a research report on Thursday. Royal Bank of Canada lifted their price target on Badger Meter from $238.00 to $252.00 and gave the stock an "outperform" rating in a research report on Monday. Robert W. Baird decreased their price objective on Badger Meter from $218.00 to $216.00 and set a "neutral" rating on the stock in a research report on Monday. Stifel Nicolaus dropped their target price on Badger Meter from $209.00 to $196.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Finally, Maxim Group increased their price target on Badger Meter from $235.00 to $245.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $229.80.

Insider Activity

In other Badger Meter news, VP William R. A. Bergum sold 148 shares of Badger Meter stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $212.13, for a total transaction of $31,395.24. Following the completion of the sale, the vice president now directly owns 14,051 shares of the company's stock, valued at $2,980,638.63. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Karen M. Bauer sold 1,147 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $209.74, for a total value of $240,571.78. Following the transaction, the vice president now directly owns 5,076 shares in the company, valued at $1,064,640.24. The trade was a 18.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,949 shares of company stock valued at $4,398,407. Corporate insiders own 0.80% of the company's stock.

Badger Meter Price Performance

Shares of BMI traded down $1.17 during mid-day trading on Friday, reaching $216.31. 58,768 shares of the company's stock traded hands, compared to its average volume of 202,961. The stock's 50-day moving average is $197.91 and its two-hundred day moving average is $209.88. Badger Meter, Inc. has a 12 month low of $162.17 and a 12 month high of $239.11. The stock has a market cap of $6.36 billion, a P/E ratio of 51.04, a P/E/G ratio of 3.89 and a beta of 0.84.

Badger Meter (NYSE:BMI - Get Free Report) last released its earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The business had revenue of $222.21 million for the quarter, compared to analyst estimates of $220.39 million. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. During the same quarter last year, the firm posted $0.99 earnings per share. Research analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Friday, February 28th. Badger Meter's dividend payout ratio (DPR) is presently 29.96%.

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.