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.

Other large investors have also bought and sold shares of the company. Evergreen Capital Management LLC lifted its stake in 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 valued at $590,000 after buying an additional 48 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Badger Meter by 4.2% during the fourth 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 worth $270,000 after acquiring an additional 51 shares during the period. Arizona State Retirement System lifted its position in Badger Meter by 0.9% in the 4th 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 acquiring an additional 72 shares in the last quarter. Cim LLC lifted its position in Badger Meter by 0.8% in the 4th quarter. Cim LLC now owns 9,747 shares of the scientific and technical instruments company's stock valued at $2,068,000 after acquiring an additional 78 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Badger Meter by 7.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,221 shares of the scientific and technical instruments company's stock worth $259,000 after purchasing an additional 81 shares during the period. 89.01% of the stock is owned by institutional investors.

Badger Meter Trading Up 0.8%

Shares of Badger Meter stock traded up $1.90 during trading hours on Friday, reaching $243.54. 266,230 shares of the company's stock were exchanged, compared to its average volume of 212,576. The stock has a market cap of $7.17 billion, a P/E ratio of 53.64, a P/E/G ratio of 3.47 and a beta of 0.85. The company has a 50 day moving average of $232.43 and a two-hundred day moving average of $216.90. Badger Meter, Inc. has a fifty-two week low of $162.17 and a fifty-two week high of $256.08.

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 (EPS) for the quarter, topping the consensus estimate 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 22.35% and a net margin of 15.74%. During the same quarter in the prior year, the company posted $0.99 earnings per share. As a group, analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, May 23rd. Badger Meter's dividend payout ratio is currently 29.96%.

Wall Street Analysts Forecast Growth

BMI has been the topic of several recent research reports. Robert W. Baird dropped their price target on Badger Meter from $218.00 to $216.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Raymond James Financial assumed coverage on Badger Meter in a report on Tuesday, June 3rd. They set a "market perform" rating for the company. Royal Bank Of Canada boosted their target price on Badger Meter from $238.00 to $252.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Stifel Nicolaus upped their price target on Badger Meter from $200.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, June 16th. Finally, Argus set a $240.00 price target on shares of Badger Meter in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Badger Meter presently has an average rating of "Hold" and an average target price of $236.60.

About Badger Meter

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.