Donaldson Capital Management LLC Has $3.11 Million Holdings in Badger Meter, Inc. (NYSE:BMI)

Donaldson Capital Management LLC grew its stake in Badger Meter, Inc. (NYSE:BMI - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,359 shares of the scientific and technical instruments company's stock after buying an additional 1,830 shares during the period. Donaldson Capital Management LLC owned 0.06% of Badger Meter worth $3,112,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BMI. Aster Capital Management DIFC Ltd purchased a new position in Badger Meter during the 4th quarter valued at about $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 valued at $31,000 after purchasing an additional 91 shares during the last quarter. Principal Securities Inc. grew its position in shares of 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 position in Badger Meter during the fourth quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Badger Meter by 261.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the scientific and technical instruments company's stock worth $128,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BMI shares. Stifel Nicolaus reduced their price target on shares of Badger Meter from $209.00 to $196.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada increased their price target on Badger Meter from $238.00 to $252.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Argus set a $240.00 target price on Badger Meter in a research report on Thursday, April 24th. Raymond James assumed coverage on shares of Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating on the stock. Finally, Robert W. Baird cut their price target on Badger Meter from $218.00 to $216.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Badger Meter presently has a consensus rating of "Hold" and a consensus target price of $229.80.

Badger Meter Price Performance

Shares of Badger Meter stock traded down $0.92 on Thursday, hitting $244.41. The company had a trading volume of 137,423 shares, compared to its average volume of 211,259. The firm has a market capitalization of $7.20 billion, a P/E ratio of 57.78, a P/E/G ratio of 3.89 and a beta of 0.85. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08. The stock has a 50-day moving average of $224.85 and a 200-day moving average of $215.86.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The scientific and technical instruments company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. The business had revenue of $222.21 million for the quarter, compared to analysts' expectations of $220.39 million. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. During the same period in the previous year, the firm posted $0.99 EPS. Equities analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current year.

Badger Meter Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $0.34 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.36 annualized dividend and a yield of 0.56%. Badger Meter's dividend payout ratio (DPR) is presently 29.96%.

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.