KLP Kapitalforvaltning AS Purchases 3,500 Shares of Badger Meter, Inc. (NYSE:BMI)

KLP Kapitalforvaltning AS lifted its holdings in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 11.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,000 shares of the scientific and technical instruments company's stock after buying an additional 3,500 shares during the period. KLP Kapitalforvaltning AS owned 0.12% of Badger Meter worth $6,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BMI. Aster Capital Management DIFC Ltd bought a new position in Badger Meter in the 4th quarter worth about $25,000. Bessemer Group Inc. grew its position in Badger Meter by 162.5% in the 4th quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company's stock worth $31,000 after purchasing an additional 91 shares during the last quarter. Golden State Wealth Management LLC grew 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 worth $35,000 after purchasing an additional 92 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Badger Meter by 83.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 88 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Badger Meter in the 4th quarter worth about $39,000. Institutional investors own 89.01% of the company's stock.

Analyst Upgrades and Downgrades

BMI has been the subject of several recent analyst reports. Stifel Nicolaus set a $224.00 target price on shares of Badger Meter in a research report on Wednesday. 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. 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. Raymond James Financial started coverage on shares of Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating for the company. Finally, Argus set a $240.00 price target on shares of Badger Meter in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $238.40.

Badger Meter Stock Up 1.4%

Shares of BMI traded up $2.76 during mid-day trading on Monday, hitting $195.77. 141,567 shares of the company's stock were exchanged, compared to its average volume of 261,476. The firm has a fifty day moving average of $240.42 and a two-hundred day moving average of $219.39. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 42.74, a P/E/G ratio of 3.39 and a beta of 0.83.

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). Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The firm had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.38 million. During the same quarter in the previous year, the business posted $1.12 earnings per share. The business's quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

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.