Badger Meter, Inc. (NYSE:BMI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Badger Meter, Inc. (NYSE:BMI) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,119 shares of the scientific and technical instruments company’s stock after selling 130 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Badger Meter worth $3,739,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Badger Meter by 1,016.7% during the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock worth $44,000 after buying an additional 183 shares during the period. CWM LLC raised its position in Badger Meter by 40.9% during the second quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after acquiring an additional 167 shares during the period. GAMMA Investing LLC lifted its holdings in Badger Meter by 61.3% during the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock valued at $176,000 after purchasing an additional 306 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Badger Meter in the third quarter valued at about $204,000. Finally, ORBA Wealth Advisors L.L.C. purchased a new stake in shares of Badger Meter during the third quarter worth about $207,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Maxim Group lifted their price objective on Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Robert W. Baird boosted their price target on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Stifel Nicolaus raised their price objective on Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Badger Meter presently has an average rating of “Hold” and a consensus target price of $214.75.

Badger Meter Stock Up 0.1 %

Shares of NYSE:BMI opened at $224.38 on Friday. Badger Meter, Inc. has a 52-week low of $139.50 and a 52-week high of $230.76. The stock has a market cap of $6.60 billion, a P/E ratio of 55.68, a PEG ratio of 2.77 and a beta of 0.79. The business has a fifty day moving average of $216.06 and a two-hundred day moving average of $203.69.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The firm had revenue of $208.44 million for the quarter, compared to analyst estimates of $212.08 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. Badger Meter’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that Badger Meter, Inc. will post 4.19 earnings per share for the current year.

Badger Meter Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a $0.34 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.36 annualized dividend and a yield of 0.61%. Badger Meter’s payout ratio is 33.75%.

About Badger Meter

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.