Badger Meter, Inc. (NYSE:BMI) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its position in shares of Badger Meter, Inc. (NYSE:BMI) by 39.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,112 shares of the scientific and technical instruments company’s stock after selling 11,776 shares during the period. Edgestream Partners L.P. owned about 0.06% of Badger Meter worth $3,375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new position in Badger Meter in the fourth quarter valued at $31,000. Bessemer Group Inc. grew its position in shares of Badger Meter by 2,633.3% during the first quarter. Bessemer Group Inc. now owns 492 shares of the scientific and technical instruments company’s stock worth $80,000 after buying an additional 474 shares in the last quarter. GAMMA Investing LLC raised its holdings in Badger Meter by 46.3% in the second quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company’s stock valued at $93,000 after acquiring an additional 158 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its stake in Badger Meter by 9.8% in the first quarter. SYSTM Wealth Solutions LLC now owns 615 shares of the scientific and technical instruments company’s stock worth $100,000 after acquiring an additional 55 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Badger Meter by 40.9% in the 2nd quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock valued at $107,000 after purchasing an additional 167 shares in the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Badger Meter Stock Down 0.8 %

Shares of NYSE BMI opened at $211.84 on Thursday. The business has a 50-day moving average price of $199.68 and a 200 day moving average price of $185.67. The stock has a market cap of $6.23 billion, a PE ratio of 61.05, a price-to-earnings-growth ratio of 2.75 and a beta of 0.77. Badger Meter, Inc. has a 52-week low of $134.06 and a 52-week high of $217.68.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Friday, July 19th. The scientific and technical instruments company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.09. The business had revenue of $216.70 million during the quarter, compared to the consensus estimate of $203.39 million. Badger Meter had a return on equity of 21.42% and a net margin of 14.44%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. Sell-side analysts anticipate that Badger Meter, Inc. will post 4.06 earnings per share for the current year.

Badger Meter Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This is a positive change from Badger Meter’s previous quarterly dividend of $0.27. This represents a $1.36 dividend on an annualized basis and a yield of 0.64%. Badger Meter’s payout ratio is currently 39.19%.

Analyst Upgrades and Downgrades

BMI has been the topic of several recent analyst reports. Argus increased their target price on Badger Meter from $204.00 to $218.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Robert W. Baird raised their target price on Badger Meter from $180.00 to $184.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Stifel Nicolaus upped their price target on Badger Meter from $175.00 to $192.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, StockNews.com lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $184.20.

Insider Activity

In related news, VP Kimberly K. Stoll sold 1,097 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $205.00, for a total transaction of $224,885.00. Following the transaction, the vice president now owns 3,861 shares of the company’s stock, valued at $791,505. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.