Strs Ohio Purchases 900 Shares of Badger Meter, Inc. (NYSE:BMI)

Strs Ohio raised its position in shares of Badger Meter, Inc. (NYSE:BMI – Get Rating) by 900.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 900 shares during the period. Strs Ohio’s holdings in Badger Meter were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Badger Meter by 10.6% in the second quarter. State Street Corp now owns 2,070,197 shares of the scientific and technical instruments company’s stock worth $167,458,000 after purchasing an additional 198,228 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Badger Meter by 129.1% in the second quarter. Goldman Sachs Group Inc. now owns 250,391 shares of the scientific and technical instruments company’s stock worth $20,254,000 after purchasing an additional 141,111 shares during the last quarter. Eaton Vance Management grew its holdings in shares of Badger Meter by 1,077.6% in the first quarter. Eaton Vance Management now owns 99,946 shares of the scientific and technical instruments company’s stock worth $9,966,000 after purchasing an additional 91,459 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Badger Meter by 198.4% in the second quarter. Renaissance Technologies LLC now owns 129,200 shares of the scientific and technical instruments company’s stock worth $10,451,000 after purchasing an additional 85,900 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Badger Meter by 73.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 200,779 shares of the scientific and technical instruments company’s stock worth $16,241,000 after purchasing an additional 84,761 shares during the last quarter. Institutional investors own 86.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BMI shares. Stifel Nicolaus cut their price target on shares of Badger Meter from $94.00 to $93.00 and set a “hold” rating on the stock in a report on Tuesday, October 11th. StockNews.com upgraded shares of Badger Meter from a “hold” rating to a “buy” rating in a report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $99.33.

Badger Meter Price Performance

Shares of Badger Meter stock opened at $115.02 on Friday. Badger Meter, Inc. has a 1 year low of $73.20 and a 1 year high of $120.54. The firm’s 50-day moving average is $113.16 and its two-hundred day moving average is $102.22. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 50.89 and a beta of 0.89.

Badger Meter (NYSE:BMI – Get Rating) last released its quarterly earnings results on Wednesday, October 19th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $148.00 million during the quarter, compared to analyst estimates of $137.78 million. Badger Meter had a net margin of 11.96% and a return on equity of 16.04%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, equities analysts expect that Badger Meter, Inc. will post 2.27 earnings per share for the current year.

Badger Meter Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 25th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, November 23rd. Badger Meter’s payout ratio is currently 39.82%.

Badger Meter Company Profile

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Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.