Segall Bryant & Hamill LLC reduced its position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 60.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,620 shares of the scientific and technical instruments company's stock after selling 16,355 shares during the period. Segall Bryant & Hamill LLC's holdings in Badger Meter were worth $2,020,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of BMI. Aster Capital Management DIFC Ltd acquired a new position in shares of Badger Meter during the 4th quarter worth approximately $25,000. Bessemer Group Inc. boosted its holdings in shares of Badger Meter by 162.5% during 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 boosted its holdings in shares of Badger Meter by 100.0% during 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. boosted its holdings in shares of Badger Meter by 83.0% during 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 acquired a new position in shares of Badger Meter during the 4th quarter worth approximately $39,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Badger Meter in a report on Tuesday, June 3rd. They set a "market perform" rating on the stock. Robert W. Baird decreased their price objective on Badger Meter from $218.00 to $216.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Royal Bank Of Canada upped their price objective 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 price objective on Badger Meter in a report on Thursday, April 24th. Finally, Stifel Nicolaus upped their price objective on Badger Meter from $200.00 to $230.00 and gave the company a "hold" rating in a report on Monday, June 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $236.60.
Get Our Latest Analysis on Badger Meter
Badger Meter Stock Down 0.7%
NYSE:BMI traded down $1.64 during trading hours on Friday, reaching $244.17. 236,009 shares of the stock were exchanged, compared to its average volume of 214,734. The business has a 50-day moving average of $244.18 and a two-hundred day moving average of $219.62. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 53.78, a PEG ratio of 3.49 and a beta of 0.83.
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 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. Badger Meter had a return on equity of 22.35% and a net margin of 15.74%. The business 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 company earned $0.99 earnings per share. On average, research analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.
Badger Meter Announces Dividend
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 $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, May 23rd. Badger Meter's dividend payout ratio (DPR) is presently 29.96%.
About Badger Meter
(
Free Report)
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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