Boston Trust Walden Corp Sells 4,229 Shares of Badger Meter, Inc. (NYSE:BMI)

Boston Trust Walden Corp cut its holdings in Badger Meter, Inc. (NYSE:BMI - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 235,081 shares of the scientific and technical instruments company's stock after selling 4,229 shares during the quarter. Boston Trust Walden Corp owned about 0.80% of Badger Meter worth $44,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global X Japan Co. Ltd. acquired a new position in shares of Badger Meter in the 1st quarter valued at approximately $45,000. Cardinal Capital Management boosted its position in Badger Meter by 1.3% during the 1st quarter. Cardinal Capital Management now owns 22,296 shares of the scientific and technical instruments company's stock worth $4,242,000 after acquiring an additional 287 shares during the last quarter. Mission Wealth Management LP boosted its position in Badger Meter by 4.5% during the 1st quarter. Mission Wealth Management LP now owns 5,076 shares of the scientific and technical instruments company's stock worth $966,000 after acquiring an additional 219 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Badger Meter by 5.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,233 shares of the scientific and technical instruments company's stock worth $3,659,000 after acquiring an additional 991 shares during the last quarter. Finally, apricus wealth LLC boosted its position in Badger Meter by 60.1% during the 1st quarter. apricus wealth LLC now owns 1,654 shares of the scientific and technical instruments company's stock worth $315,000 after acquiring an additional 621 shares during the last quarter. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on BMI. Robert W. Baird reduced their price target on Badger Meter from $218.00 to $216.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Raymond James Financial began coverage on Badger Meter in a research report on Tuesday, June 3rd. They set a "market perform" rating for the company. Argus set a $240.00 price target on Badger Meter in a research report on Thursday, April 24th. Royal Bank Of Canada upped 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, April 21st. Finally, Stifel Nicolaus upped their price objective on Badger Meter from $200.00 to $230.00 and gave the stock a "hold" rating in a research note on Monday, June 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $236.60.

Badger Meter Trading Up 1.1%

Shares of Badger Meter stock traded up $2.75 on Monday, reaching $246.33. 185,304 shares of the company were exchanged, compared to its average volume of 211,525. Badger Meter, Inc. has a one year low of $162.17 and a one year high of $256.08. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 3.49 and a beta of 0.85. The company has a 50-day moving average of $233.69 and a 200 day moving average of $216.97.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Badger Meter had a return on equity of 22.35% and a net margin of 15.74%. The business had revenue of $222.21 million for the quarter, compared to analysts' expectations of $220.39 million. During the same quarter in the prior year, the business earned $0.99 EPS. Analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, May 23rd. Badger Meter's dividend payout ratio (DPR) is presently 29.96%.

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.