Zeke Capital Advisors LLC increased its stake in Badger Meter, Inc. (NYSE:BMI) by 11.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,441 shares of the scientific and technical instruments company’s stock after buying an additional 1,609 shares during the period. Zeke Capital Advisors LLC owned 0.05% of Badger Meter worth $738,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of Badger Meter by 61.7% in the 4th quarter. Millennium Management LLC now owns 31,901 shares of the scientific and technical instruments company’s stock worth $1,525,000 after buying an additional 12,171 shares during the last quarter. Raymond James & Associates grew its stake in shares of Badger Meter by 39.8% in the 4th quarter. Raymond James & Associates now owns 6,789 shares of the scientific and technical instruments company’s stock worth $325,000 after buying an additional 1,933 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Badger Meter in the 4th quarter worth approximately $756,000. Deutsche Bank AG grew its stake in shares of Badger Meter by 97.1% in the 4th quarter. Deutsche Bank AG now owns 179,700 shares of the scientific and technical instruments company’s stock worth $8,588,000 after buying an additional 88,520 shares during the last quarter. Finally, Impax Asset Management LTD grew its stake in shares of Badger Meter by 24.7% in the 4th quarter. Impax Asset Management LTD now owns 1,181,774 shares of the scientific and technical instruments company’s stock worth $56,489,000 after buying an additional 234,026 shares during the last quarter. Institutional investors own 86.22% of the company’s stock.
Several analysts have commented on BMI shares. Canaccord Genuity downgraded Badger Meter from a “hold” rating to a “sell” rating and cut their target price for the company from $48.00 to $42.00 in a research note on Tuesday, February 27th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Badger Meter in a research note on Thursday, December 14th. Zacks Investment Research upgraded Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Thursday, January 18th. Finally, Robert W. Baird increased their target price on Badger Meter from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.00.
Shares of Badger Meter, Inc. (BMI) opened at $48.90 on Friday. Badger Meter, Inc. has a 52 week low of $35.10 and a 52 week high of $52.10. The company has a market capitalization of $1,423.58, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.
Badger Meter (NYSE:BMI) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Badger Meter had a return on equity of 12.78% and a net margin of 8.59%. The business had revenue of $96.65 million for the quarter, compared to the consensus estimate of $98.08 million. During the same period last year, the business posted $0.21 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. analysts expect that Badger Meter, Inc. will post 1.6 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.06%. Badger Meter’s dividend payout ratio (DPR) is currently 44.07%.
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About Badger Meter
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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