Walleye Capital LLC Makes New $363,000 Investment in Badger Meter, Inc. $BMI

Key Points

• Walleye Capital LLC made a new investment in Badger Meter, purchasing 1,909 shares valued at approximately $363,000 during the first quarter.
• Badger Meter reported an EPS of $1.17 for the last quarter, missing estimates by $0.02, while its revenue was up 9.9% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, increasing from the previous $0.34, with a dividend yield of 0.9%.

Walleye Capital LLC bought a new position in Badger Meter, Inc. (NYSE:BMI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,909 shares of the scientific and technical instruments company's stock, valued at approximately $363,000.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings 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 last quarter. SBI Securities Co. Ltd. lifted its holdings in Badger Meter by 83.0% in the first quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 88 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Badger Meter during the first quarter valued at approximately $37,000. Heck Capital Advisors LLC bought a new stake in shares of Badger Meter during the fourth quarter valued at approximately $39,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Badger Meter during the first quarter valued at approximately $41,000. Institutional investors own 89.01% of the company's stock.

Badger Meter Price Performance

NYSE BMI opened at $181.13 on Wednesday. Badger Meter, Inc. has a 12 month low of $162.17 and a 12 month high of $256.08. The firm has a market capitalization of $5.34 billion, a PE ratio of 39.46, a P/E/G ratio of 3.22 and a beta of 0.87. The company's 50 day simple moving average is $208.69 and its 200 day simple moving average is $214.36.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 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 company had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.38 million. During the same quarter in the prior year, the business earned $1.12 EPS. Badger Meter's revenue was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.40 per share. This is a boost from Badger Meter's previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Badger Meter's dividend payout ratio (DPR) is 34.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada cut their price target on Badger Meter from $284.00 to $264.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Raymond James Financial assumed coverage on Badger Meter in a report on Tuesday, June 3rd. They set a "market perform" rating on the stock. Stifel Nicolaus set a $224.00 price target on Badger Meter in a report on Wednesday, July 23rd. Finally, Robert W. Baird lifted their price target on Badger Meter from $216.00 to $219.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Badger Meter presently has a consensus rating of "Hold" and a consensus price target of $238.40.

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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