Park Capital Management LLC WI Purchases New Position in Badger Meter, Inc. (NYSE:BMI)

Park Capital Management LLC WI purchased a new stake in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,319 shares of the scientific and technical instruments company's stock, valued at approximately $251,000.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Badger Meter by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,378 shares of the scientific and technical instruments company's stock worth $74,322,000 after purchasing an additional 12,180 shares in the last quarter. Schroder Investment Management Group lifted its stake in Badger Meter by 74.4% in the 4th quarter. Schroder Investment Management Group now owns 5,945 shares of the scientific and technical instruments company's stock worth $1,274,000 after purchasing an additional 2,536 shares in the last quarter. Arizona State Retirement System lifted its stake in Badger Meter by 0.9% in the 4th quarter. Arizona State Retirement System now owns 8,536 shares of the scientific and technical instruments company's stock worth $1,811,000 after purchasing an additional 72 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Badger Meter by 541.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,221 shares of the scientific and technical instruments company's stock worth $471,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Badger Meter by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,841,879 shares of the scientific and technical instruments company's stock worth $814,939,000 after purchasing an additional 44,839 shares in the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Badger Meter Price Performance

Shares of NYSE:BMI opened at $243.54 on Monday. The company's fifty day moving average price is $232.43 and its 200-day moving average price is $216.82. 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. Badger Meter, Inc. has a one year low of $162.17 and a one year high of $256.08.

Badger Meter (NYSE:BMI - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. Badger Meter had a net margin of 15.74% and a return on equity of 22.35%. The firm had revenue of $222.21 million for the quarter, compared to analyst estimates of $220.39 million. During the same quarter in the prior year, the firm earned $0.99 EPS. As a group, equities research analysts expect that Badger Meter, Inc. will post 4.65 EPS for the current year.

Badger Meter Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BMI. Raymond James Financial began coverage on shares of Badger Meter in a research note on Tuesday, June 3rd. They issued a "market perform" rating on the stock. Stifel Nicolaus increased their target price on shares of Badger Meter from $200.00 to $230.00 and gave the stock a "hold" rating in a research note on Monday, June 16th. Argus set a $240.00 target price on shares of Badger Meter in a research note on Thursday, April 24th. Robert W. Baird lowered their target price on shares of Badger Meter from $218.00 to $216.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Royal Bank Of Canada increased their price target on shares of Badger Meter from $238.00 to $252.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Four research 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, Badger Meter presently has a consensus rating of "Hold" and a consensus target price 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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