Banque Cantonale Vaudoise Acquires New Shares in Badger Meter, Inc. (NYSE:BMI)

Banque Cantonale Vaudoise acquired a new stake in shares of Badger Meter, Inc. (NYSE:BMI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 194 shares of the scientific and technical instruments company’s stock, valued at approximately $37,000.

Other hedge funds also recently modified their holdings of the company. Evergreen Capital Management LLC lifted its holdings in Badger Meter by 1.8% during the 4th quarter. Evergreen Capital Management LLC now owns 2,780 shares of the scientific and technical instruments company’s stock worth $590,000 after buying an additional 48 shares during the period. Values First Advisors Inc. lifted its holdings in Badger Meter by 0.6% during the 1st quarter. Values First Advisors Inc. now owns 8,739 shares of the scientific and technical instruments company’s stock worth $1,663,000 after buying an additional 53 shares during the period. Choreo LLC lifted its holdings in Badger Meter by 4.6% during the 1st quarter. Choreo LLC now owns 1,361 shares of the scientific and technical instruments company’s stock worth $259,000 after buying an additional 60 shares during the period. Cim LLC lifted its holdings in Badger Meter by 0.8% during the 4th quarter. Cim LLC now owns 9,747 shares of the scientific and technical instruments company’s stock worth $2,068,000 after buying an additional 78 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Badger Meter by 7.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,221 shares of the scientific and technical instruments company’s stock worth $259,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Badger Meter from $216.00 to $219.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lowered their price objective on Badger Meter from $284.00 to $264.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Argus set a $240.00 price objective on Badger Meter in a research report on Thursday, April 24th. Stifel Nicolaus set a $224.00 price objective on Badger Meter in a research report on Wednesday, July 23rd. Finally, Raymond James Financial started coverage on Badger Meter in a research report on Tuesday, June 3rd. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $238.40.

Badger Meter Price Performance

NYSE:BMI opened at $181.15 on Monday. The company has a market cap of $5.34 billion, a P/E ratio of 39.47, a P/E/G ratio of 3.19 and a beta of 0.84. The stock’s fifty day moving average price is $234.85 and its two-hundred day moving average price is $218.63. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $256.08.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). The firm had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.38 million. Badger Meter had a return on equity of 21.57% and a net margin of 15.53%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. On average, analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

About Badger Meter

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.