Badger Meter, Inc. $BMI Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its holdings in Badger Meter by 2.0%, owning approximately 0.28% of the company, valued at $15.42 million after selling 1,613 shares in the first quarter.
• A number of institutional investors have recently changed their stakes in Badger Meter, with 89.01% of the stock currently owned by such entities.
• Badger Meter declared a quarterly dividend increase from $0.34 to $0.40 per share, with an annual yield of 0.8%, to be paid on September 5th.

Deutsche Bank AG lowered its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,023 shares of the scientific and technical instruments company's stock after selling 1,613 shares during the quarter. Deutsche Bank AG owned approximately 0.28% of Badger Meter worth $15,415,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BMI. Cambridge Investment Research Advisors Inc. lifted its position in shares of Badger Meter by 22.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,731 shares of the scientific and technical instruments company's stock worth $519,000 after buying an additional 506 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Badger Meter in the first quarter valued at approximately $369,000. GAMMA Investing LLC boosted its holdings in shares of Badger Meter by 11.8% in the first quarter. GAMMA Investing LLC now owns 878 shares of the scientific and technical instruments company's stock valued at $167,000 after acquiring an additional 93 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Badger Meter in the first quarter valued at approximately $65,448,000. Finally, Golden State Wealth Management LLC raised its position in Badger Meter by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. 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 report on Wednesday, July 23rd. Argus set a $240.00 price target on shares of Badger Meter in a research report on Thursday, April 24th. Raymond James Financial assumed 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 price target on shares of Badger Meter in a research report on Wednesday, July 23rd. Finally, Robert W. Baird upped their price target on shares of Badger Meter from $216.00 to $219.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $238.40.

Badger Meter Stock Performance

BMI traded down $0.03 during trading on Monday, hitting $186.79. The stock had a trading volume of 58,875 shares, compared to its average volume of 277,213. The firm has a market capitalization of $5.50 billion, a P/E ratio of 40.71, a PEG ratio of 3.29 and a beta of 0.84. The company's 50-day moving average price is $222.84 and its 200 day moving average price is $216.93. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08.

Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $1.12 earnings per share. As a group, equities analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Increases Dividend

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

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.