Robeco Institutional Asset Management B.V. Reduces Stock Position in Badger Meter, Inc. (NYSE:BMI)

Robeco Institutional Asset Management B.V. cut its stake in Badger Meter, Inc. (NYSE:BMI - Free Report) by 41.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,074 shares of the scientific and technical instruments company's stock after selling 3,648 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Badger Meter were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in BMI. Aster Capital Management DIFC Ltd purchased a new position in Badger Meter in the fourth quarter worth approximately $25,000. Bessemer Group Inc. grew its position in Badger Meter by 162.5% in the fourth quarter. Bessemer Group Inc. now owns 147 shares of the scientific and technical instruments company's stock worth $31,000 after acquiring an additional 91 shares during the period. Heck Capital Advisors LLC purchased a new position in Badger Meter in the fourth quarter worth approximately $39,000. Golden State Wealth Management LLC grew its position in Badger Meter by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company's stock worth $35,000 after acquiring an additional 92 shares during the period. Finally, Global X Japan Co. Ltd. purchased a new position in Badger Meter in the first quarter worth approximately $45,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Badger Meter Price Performance

Badger Meter stock opened at $240.31 on Thursday. The stock has a market cap of $7.08 billion, a PE ratio of 52.93, a P/E/G ratio of 3.45 and a beta of 0.83. The stock's fifty day moving average is $240.00 and its two-hundred day moving average is $217.79. Badger Meter, Inc. has a 1-year low of $162.17 and a 1-year high of $256.08.

Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $222.21 million during the quarter, compared to the consensus estimate of $220.39 million. Badger Meter had a return on equity of 22.35% and a net margin of 15.74%. During the same period in the previous year, the business earned $0.99 EPS. On average, research analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal 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 issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, May 23rd. Badger Meter's dividend payout ratio (DPR) is 29.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BMI shares. Robert W. Baird lowered their price target on Badger Meter from $218.00 to $216.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Royal Bank Of Canada raised their price target on Badger Meter from $238.00 to $252.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Raymond James Financial initiated coverage on Badger Meter in a research report on Tuesday, June 3rd. They set a "market perform" rating for the company. Stifel Nicolaus increased their price objective on Badger Meter from $200.00 to $230.00 and gave the company a "hold" rating in a research note on Monday, June 16th. Finally, Argus set a $240.00 target price on Badger Meter in a report on Thursday, April 24th. Four investment 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.com, Badger Meter currently has an average rating of "Hold" and a consensus price target of $236.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.