Triasima Portfolio Management inc. Has $1.92 Million Stake in Badger Meter, Inc. (NYSE:BMI)

Triasima Portfolio Management inc. lowered its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 55.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,425 shares of the scientific and technical instruments company's stock after selling 15,400 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Badger Meter were worth $1,918,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Badger Meter during the 4th quarter worth about $33,000. Asset Management One Co. Ltd. purchased a new stake in Badger Meter during the 3rd quarter worth about $35,000. Planned Solutions Inc. purchased a new stake in Badger Meter during the 4th quarter worth about $45,000. CWM LLC increased its position in Badger Meter by 33.3% during the 3rd quarter. CWM LLC now owns 532 shares of the scientific and technical instruments company's stock worth $77,000 after purchasing an additional 133 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its position in Badger Meter by 8,666.7% during the 4th quarter. AdvisorNet Financial Inc now owns 526 shares of the scientific and technical instruments company's stock worth $81,000 after purchasing an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 89.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Badger Meter from $142.00 to $147.00 and gave the stock a "hold" rating in a research report on Monday, January 29th. StockNews.com cut Badger Meter from a "buy" rating to a "hold" rating in a research report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Badger Meter has an average rating of "Hold" and a consensus target price of $147.50.

Badger Meter Price Performance

NYSE:BMI traded down $1.32 during mid-day trading on Friday, reaching $152.91. The company's stock had a trading volume of 118,644 shares, compared to its average volume of 126,914. The company's fifty day simple moving average is $156.04 and its two-hundred day simple moving average is $150.31. Badger Meter, Inc. has a twelve month low of $119.02 and a twelve month high of $170.86. The stock has a market cap of $4.49 billion, a P/E ratio of 48.70, a P/E/G ratio of 3.55 and a beta of 0.86.

Badger Meter (NYSE:BMI - Get Free Report) last released its quarterly earnings data on Friday, January 26th. The scientific and technical instruments company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. The business had revenue of $182.40 million for the quarter, compared to analyst estimates of $182.24 million. Badger Meter had a return on equity of 19.07% and a net margin of 13.16%. The company's revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Sell-side analysts expect that Badger Meter, Inc. will post 3.54 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, February 22nd. Badger Meter's dividend payout ratio is currently 34.39%.

Insider Activity

In other news, VP William R. A. Bergum sold 194 shares of Badger Meter stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $159.55, for a total value of $30,952.70. Following the transaction, the vice president now directly owns 13,672 shares of the company's stock, valued at approximately $2,181,367.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP William R. A. Bergum sold 194 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $159.55, for a total transaction of $30,952.70. Following the transaction, the vice president now directly owns 13,672 shares of the company's stock, valued at approximately $2,181,367.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Fred J. Begale sold 1,203 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $162.92, for a total value of $195,992.76. Following the transaction, the vice president now directly owns 2,181 shares in the company, valued at $355,328.52. The disclosure for this sale can be found here. Insiders have sold 2,813 shares of company stock valued at $448,167 in the last three months. Corporate insiders own 0.80% of the company's stock.

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.