Consolidated Planning Corp Makes New Investment in Badger Meter, Inc. (NYSE:BMI)

Consolidated Planning Corp acquired a new position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,355 shares of the scientific and technical instruments company's stock, valued at approximately $1,209,000.

Several other large investors also recently added to or reduced their stakes in BMI. Aster Capital Management DIFC Ltd bought a new stake in Badger Meter during the fourth quarter worth approximately $25,000. Bessemer Group Inc. increased its stake in Badger Meter by 162.5% during the fourth quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company's stock worth $31,000 after acquiring an additional 91 shares during the last quarter. Principal Securities Inc. increased its stake in Badger Meter by 2,457.1% during the fourth quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company's stock worth $38,000 after acquiring an additional 172 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Badger Meter during the fourth quarter worth approximately $39,000. Finally, Global X Japan Co. Ltd. bought a new stake in Badger Meter during the first quarter worth approximately $45,000. 89.01% of the stock is owned by institutional investors.

Badger Meter Stock Performance

Shares of NYSE BMI opened at $243.54 on Monday. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 53.64, a PEG ratio of 3.49 and a beta of 0.85. The stock has a 50 day moving average price of $232.43 and a 200 day moving average price of $216.82. Badger Meter, Inc. has a 52-week low of $162.17 and a 52-week high of $256.08.

Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The firm had revenue of $222.21 million during 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 previous year, the business earned $0.99 earnings per share. Analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Dividend Announcement

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

Analysts Set New Price Targets

BMI has been the topic of several analyst reports. Stifel Nicolaus boosted their target price on Badger Meter from $200.00 to $230.00 and gave the company a "hold" rating in a research report on Monday, June 16th. Raymond James Financial initiated 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 target price on Badger Meter in a research report on Thursday, April 24th. 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 report on Monday, April 21st. Finally, Robert W. Baird dropped their target price 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. Four 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.com, Badger Meter presently has a consensus rating of "Hold" and an average price target of $236.60.

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.

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