Deutsche Bank AG raised its holdings in Badger Meter, Inc. (NYSE:BMI - Free Report) by 54.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,636 shares of the scientific and technical instruments company's stock after purchasing an additional 29,164 shares during the period. Deutsche Bank AG owned about 0.28% of Badger Meter worth $17,529,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Badger Meter by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 350,378 shares of the scientific and technical instruments company's stock valued at $74,322,000 after purchasing an additional 12,180 shares during the period. Burney Co. acquired a new position in Badger Meter in the 4th quarter valued at $385,000. Van ECK Associates Corp raised its stake in Badger Meter by 68.1% in the 4th quarter. Van ECK Associates Corp now owns 33,395 shares of the scientific and technical instruments company's stock valued at $7,083,000 after purchasing an additional 13,526 shares during the last quarter. Fortress Financial Solutions LLC acquired a new position in Badger Meter in the 4th quarter valued at $369,000. Finally, Schroder Investment Management Group raised its stake in Badger Meter by 74.4% in the 4th quarter. Schroder Investment Management Group now owns 5,945 shares of the scientific and technical instruments company's stock valued at $1,274,000 after purchasing an additional 2,536 shares during the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.
Badger Meter Price Performance
Badger Meter stock traded down $1.32 during trading on Monday, reaching $243.65. 90,337 shares of the company were exchanged, compared to its average volume of 205,912. Badger Meter, Inc. has a 52-week low of $162.17 and a 52-week high of $249.65. The company has a market capitalization of $7.18 billion, a P/E ratio of 57.60, a PEG ratio of 3.89 and a beta of 0.83. The stock's 50 day simple moving average is $203.96 and its two-hundred day simple moving average is $211.88.
Badger Meter (NYSE:BMI - Get Free Report) last posted its earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. The company had revenue of $222.21 million for the quarter, compared to the consensus estimate of $220.39 million. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, equities analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current year.
Badger Meter Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.34 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a yield of 0.56%. Badger Meter's dividend payout ratio is currently 29.96%.
Analyst Upgrades and Downgrades
Several research firms recently commented on BMI. Royal Bank of Canada increased their price objective on Badger Meter from $238.00 to $252.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Maxim Group increased their price objective on Badger Meter from $235.00 to $245.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Robert W. Baird lowered their target price on Badger Meter from $218.00 to $216.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Stifel Nicolaus lowered their target price on Badger Meter from $209.00 to $196.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Finally, Argus set a $240.00 price objective on Badger Meter in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $229.80.
Check Out Our Latest Stock Report on Badger Meter
Insider Buying and Selling at Badger Meter
In related news, CEO Kenneth Bockhorst sold 16,073 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $209.74, for a total value of $3,371,151.02. Following the sale, the chief executive officer now owns 34,961 shares in the company, valued at approximately $7,332,720.14. The trade was a 31.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William R. A. Bergum sold 148 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $212.13, for a total value of $31,395.24. Following the completion of the sale, the vice president now owns 14,051 shares in the company, valued at $2,980,638.63. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,949 shares of company stock worth $4,398,407 over the last quarter. 0.80% of the stock is currently owned by company insiders.
About Badger Meter
(
Free Report)
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.
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