CW Advisors LLC Raises Position in Badger Meter, Inc. $BMI

Key Points

• CW Advisors LLC increased its stake in Badger Meter, Inc. by 9.1%, acquiring an additional 5,541 shares, bringing its total ownership to 66,444 shares valued at approximately $12.6 million.
• Badger Meter recently reported $1.17 earnings per share, slightly below the consensus estimate, alongside a 9.9% increase in year-over-year revenue.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 0.9%, marking an increase from its previous quarterly dividend of $0.34.

CW Advisors LLC boosted its stake in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,444 shares of the scientific and technical instruments company's stock after acquiring an additional 5,541 shares during the period. CW Advisors LLC owned 0.23% of Badger Meter worth $12,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BMI. Summit Financial LLC bought a new position in shares of Badger Meter in the 1st quarter valued at $2,810,000. Price T Rowe Associates Inc. MD increased its stake in shares of Badger Meter by 0.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 257,863 shares of the scientific and technical instruments company's stock valued at $49,060,000 after purchasing an additional 1,646 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Badger Meter by 4.0% in the 1st quarter. Martingale Asset Management L P now owns 13,040 shares of the scientific and technical instruments company's stock valued at $2,481,000 after purchasing an additional 500 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Badger Meter in the 1st quarter valued at $4,791,000. Finally, EntryPoint Capital LLC increased its stake in shares of Badger Meter by 272.3% in the 1st quarter. EntryPoint Capital LLC now owns 3,574 shares of the scientific and technical instruments company's stock valued at $680,000 after purchasing an additional 2,614 shares during the last quarter. Institutional investors own 89.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BMI shares. Raymond James Financial assumed coverage on Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating on the stock. Royal Bank Of Canada cut their price objective on Badger Meter from $284.00 to $264.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird raised their price objective on Badger Meter from $216.00 to $219.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus set a $224.00 price objective on Badger Meter in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Badger Meter currently has an average rating of "Hold" and an average target price of $238.40.

Badger Meter Stock Performance

Shares of NYSE:BMI traded down $4.0630 during midday trading on Monday, reaching $185.2270. The company's stock had a trading volume of 235,637 shares, compared to its average volume of 276,841. The firm has a 50 day moving average price of $216.97 and a two-hundred day moving average price of $215.89. Badger Meter, Inc. has a fifty-two week low of $162.17 and a fifty-two week high of $256.08. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 3.33 and a beta of 0.84.

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

Badger Meter Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.40 per share. This is an increase from Badger Meter's previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. Badger Meter's dividend payout ratio (DPR) is currently 34.86%.

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.