TFO Wealth Partners LLC Buys 915 Shares of Badger Meter, Inc. (NYSE:BMI)

TFO Wealth Partners LLC raised its stake in Badger Meter, Inc. (NYSE:BMIFree Report) by 91,500.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 916 shares of the scientific and technical instruments company’s stock after buying an additional 915 shares during the period. TFO Wealth Partners LLC’s holdings in Badger Meter were worth $154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BMI. Sigma Planning Corp bought a new stake in shares of Badger Meter in the 3rd quarter valued at about $233,000. New York State Common Retirement Fund lifted its stake in shares of Badger Meter by 60.1% in the 3rd quarter. New York State Common Retirement Fund now owns 18,602 shares of the scientific and technical instruments company’s stock valued at $2,676,000 after purchasing an additional 6,981 shares during the period. Quantbot Technologies LP acquired a new position in shares of Badger Meter in the 3rd quarter valued at about $423,000. Swiss National Bank lifted its stake in shares of Badger Meter by 1.1% in the 3rd quarter. Swiss National Bank now owns 64,500 shares of the scientific and technical instruments company’s stock valued at $9,280,000 after purchasing an additional 700 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of Badger Meter by 14.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,998 shares of the scientific and technical instruments company’s stock valued at $287,000 after purchasing an additional 251 shares during the period. Institutional investors own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BMI. Maxim Group boosted their price objective on Badger Meter from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Northcoast Research raised Badger Meter from a “sell” rating to a “neutral” rating in a research note on Thursday, April 18th. Stifel Nicolaus boosted their price objective on Badger Meter from $147.00 to $175.00 and gave the company a “hold” rating in a research note on Friday, April 19th. StockNews.com downgraded Badger Meter from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird upped their price target on Badger Meter from $151.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $164.80.

Get Our Latest Stock Report on Badger Meter

Badger Meter Stock Performance

BMI stock opened at $187.18 on Wednesday. The stock’s 50 day simple moving average is $180.14 and its 200 day simple moving average is $162.38. Badger Meter, Inc. has a fifty-two week low of $134.06 and a fifty-two week high of $202.81. The company has a market cap of $5.50 billion, a P/E ratio of 53.94, a price-to-earnings-growth ratio of 3.19 and a beta of 0.81.

Badger Meter (NYSE:BMIGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The scientific and technical instruments company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.82 by $0.17. The firm had revenue of $196.80 million during the quarter, compared to the consensus estimate of $182.25 million. Badger Meter had a return on equity of 20.26% and a net margin of 13.81%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 earnings per share. Equities analysts predict that Badger Meter, Inc. will post 3.89 earnings per share for the current year.

Badger Meter Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, May 23rd. Badger Meter’s dividend payout ratio (DPR) is presently 31.12%.

Badger Meter Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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