Badger Meter, Inc. $BMI Stock Holdings Boosted by Annex Advisory Services LLC

Annex Advisory Services LLC raised its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 219.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,453 shares of the scientific and technical instruments company's stock after acquiring an additional 29,152 shares during the quarter. Annex Advisory Services LLC owned approximately 0.15% of Badger Meter worth $5,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BMI. Public Employees Retirement System of Ohio purchased a new position in shares of Badger Meter in the 2nd quarter valued at about $27,000. Dunhill Financial LLC purchased a new position in Badger Meter in the second quarter valued at approximately $28,000. Integrated Wealth Concepts LLC purchased a new position in Badger Meter in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in Badger Meter during the second quarter worth approximately $30,000. Finally, State of Wyoming acquired a new stake in Badger Meter during the second quarter worth approximately $43,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BMI shares. Royal Bank Of Canada reduced their price objective on shares of Badger Meter from $169.00 to $162.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. Wall Street Zen downgraded Badger Meter from a "hold" rating to a "sell" rating in a research note on Saturday. Zacks Research raised Badger Meter from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Robert W. Baird set a $167.00 price objective on Badger Meter and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Finally, Seaport Research Partners set a $160.00 price objective on Badger Meter in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $161.88.

Insiders Place Their Bets

In other Badger Meter news, VP Edward Callahan purchased 751 shares of Badger Meter stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $135.25 per share, with a total value of $101,572.75. Following the completion of the acquisition, the vice president directly owned 1,937 shares of the company's stock, valued at approximately $261,979.25. This trade represents a 63.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.

Badger Meter Stock Down 0.2%

Shares of NYSE BMI opened at $126.61 on Friday. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 3.13 and a beta of 0.64. Badger Meter, Inc. has a 52 week low of $112.09 and a 52 week high of $204.00. The firm has a 50-day moving average price of $130.23 and a 200 day moving average price of $133.02.

Badger Meter (NYSE:BMI - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.01. The company had revenue of $220.30 million during the quarter, compared to analysts' expectations of $220.59 million. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The firm's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. Equities research analysts expect that Badger Meter, Inc. will post 4.50 EPS for the current fiscal year.

Badger Meter Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a dividend of $0.44 per share. This is an increase from Badger Meter's previous quarterly dividend of $0.40. The ex-dividend date was Friday, August 28th. This represents a $1.76 annualized dividend and a yield of 1.4%. Badger Meter's payout ratio is 41.12%.

About Badger Meter

Badger Meter, Inc is a Milwaukee, Wisconsin-based manufacturer of flow measurement, control and communications solutions. The company primarily serves the water industry, providing technologies that help utilities and other customers measure, manage and monitor the use and movement of water.

Its products include ultrasonic, electromagnetic and mechanical water meters, as well as flow instrumentation and related control equipment. Badger Meter also offers advanced metering infrastructure and remote monitoring solutions, including its ORION and BEACON platforms, which support automated meter reading, data collection, leak detection and utility management.

Founded in 1905, Badger Meter serves municipal water utilities, commercial and industrial customers, and other water-related markets in North America and internationally.

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