Global X Management Co. LLC boosted its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 59.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,298 shares of the scientific and technical instruments company’s stock after buying an additional 8,340 shares during the period. Global X Management Co. LLC’s holdings in Badger Meter were worth $1,066,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Rock Point Advisors LLC acquired a new position in Badger Meter during the third quarter worth $201,000. Sei Investments Co. increased its position in Badger Meter by 30,007.4% during the third quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock worth $203,000 after buying an additional 16,204 shares during the last quarter. Appleton Group LLC acquired a new position in Badger Meter during the fourth quarter worth $203,000. Chevy Chase Trust Holdings Inc. acquired a new position in Badger Meter during the third quarter worth $221,000. Finally, Bluestein R H & Co. acquired a new position in Badger Meter during the third quarter worth $245,000. 84.59% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Robert W. Baird increased their target price on shares of Badger Meter from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus lowered their target price on shares of Badger Meter from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.60.
Shares of Badger Meter, Inc. (NYSE BMI) opened at $49.45 on Tuesday. The stock has a market capitalization of $1,439.61, a PE ratio of 41.91, a PEG ratio of 2.07 and a beta of 0.64. Badger Meter, Inc. has a 1 year low of $34.40 and a 1 year high of $52.10.
Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $96.65 million for the quarter, compared to the consensus estimate of $98.08 million. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. equities research analysts predict that Badger Meter, Inc. will post 1.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, February 27th. Badger Meter’s dividend payout ratio is currently 44.07%.
Badger Meter Company Profile
Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.
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