Steward Partners Investment Advisory LLC Sells 100 Shares of Badger Meter, Inc. (NYSE:BMI)

Steward Partners Investment Advisory LLC lowered its position in shares of Badger Meter, Inc. (NYSE:BMIFree Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,508 shares of the scientific and technical instruments company’s stock after selling 100 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Badger Meter were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Chesapeake Capital Corp IL purchased a new stake in Badger Meter during the 4th quarter valued at $835,000. Congress Wealth Management LLC DE lifted its position in shares of Badger Meter by 6.4% in the 4th quarter. Congress Wealth Management LLC DE now owns 45,257 shares of the scientific and technical instruments company’s stock worth $6,987,000 after purchasing an additional 2,742 shares during the period. US Bancorp DE lifted its position in shares of Badger Meter by 3.8% in the 4th quarter. US Bancorp DE now owns 30,681 shares of the scientific and technical instruments company’s stock worth $4,736,000 after purchasing an additional 1,109 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Badger Meter in the 4th quarter worth about $31,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Badger Meter in the 4th quarter worth about $235,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BMI. StockNews.com cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Stifel Nicolaus raised their target price on shares of Badger Meter from $147.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Maxim Group lifted their price target on shares of Badger Meter from $190.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Robert W. Baird lifted their price target on shares of Badger Meter from $151.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, April 19th. Finally, Northcoast Research raised shares of Badger Meter from a “sell” rating to a “neutral” rating in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $164.80.

Read Our Latest Report on Badger Meter

Badger Meter Stock Performance

NYSE:BMI opened at $185.32 on Monday. The firm has a market cap of $5.45 billion, a P/E ratio of 53.41, a P/E/G ratio of 3.06 and a beta of 0.81. Badger Meter, Inc. has a fifty-two week low of $134.06 and a fifty-two week high of $202.81. The firm has a 50-day simple moving average of $181.69 and a two-hundred day simple moving average of $163.22.

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

Badger Meter Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 0.58%. Badger Meter’s dividend payout ratio is currently 31.12%.

About Badger Meter

(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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