Cetera Investment Advisers Has $401,000 Position in Badger Meter, Inc. $BMI

Key Points

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Cetera Investment Advisers lowered its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 62.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,111 shares of the scientific and technical instruments company's stock after selling 3,540 shares during the period. Cetera Investment Advisers' holdings in Badger Meter were worth $401,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Royce & Associates LP lifted its holdings in shares of Badger Meter by 45.0% during the 1st quarter. Royce & Associates LP now owns 6,499 shares of the scientific and technical instruments company's stock valued at $1,236,000 after acquiring an additional 2,018 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Badger Meter by 11.1% in the 1st quarter. KLP Kapitalforvaltning AS now owns 35,000 shares of the scientific and technical instruments company's stock worth $6,659,000 after buying an additional 3,500 shares in the last quarter. Choreo LLC lifted its holdings in Badger Meter by 4.6% in the 1st quarter. Choreo LLC now owns 1,361 shares of the scientific and technical instruments company's stock worth $259,000 after buying an additional 60 shares in the last quarter. IFP Advisors Inc lifted its holdings in Badger Meter by 5,877.8% in the 1st quarter. IFP Advisors Inc now owns 538 shares of the scientific and technical instruments company's stock worth $102,000 after buying an additional 529 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its position in shares of Badger Meter by 35.9% during the 1st quarter. Diversify Advisory Services LLC now owns 1,734 shares of the scientific and technical instruments company's stock valued at $330,000 after buying an additional 458 shares during the last quarter. 89.01% of the stock is owned by hedge funds and other institutional investors.

Badger Meter Stock Performance

Shares of NYSE:BMI traded up $6.5740 during mid-day trading on Friday, hitting $189.6240. The stock had a trading volume of 142,200 shares, compared to its average volume of 276,088. The company has a market cap of $5.59 billion, a PE ratio of 41.41, a P/E/G ratio of 3.30 and a beta of 0.84. Badger Meter, Inc. has a 12-month low of $162.17 and a 12-month high of $256.08. The company's 50 day moving average is $218.03 and its 200-day moving average is $216.12.

Badger Meter (NYSE:BMI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.02). The firm had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.38 million. Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. On average, equities research analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 22nd. This represents a $1.60 annualized dividend and a dividend yield of 0.8%. This is a positive change from Badger Meter's previous quarterly dividend of $0.34. Badger Meter's dividend payout ratio is presently 29.63%.

Analyst Ratings Changes

Several research analysts have commented on BMI shares. Robert W. Baird upped their target price on shares of Badger Meter from $216.00 to $219.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Raymond James Financial started coverage on shares of Badger Meter in a research report on Tuesday, June 3rd. They issued a "market perform" rating for the company. Stifel Nicolaus set a $224.00 target price on shares of Badger Meter in a research report on Wednesday, July 23rd. Argus set a $240.00 target price on shares of Badger Meter in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada reduced their price target on shares of Badger Meter from $284.00 to $264.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $238.40.

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.