Trust Point Inc. Makes New $638,000 Investment in Badger Meter, Inc. $BMI

Trust Point Inc. acquired a new stake in shares of Badger Meter, Inc. (NYSE:BMI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,575 shares of the scientific and technical instruments company’s stock, valued at approximately $638,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BMI. Maryland State Retirement & Pension System increased its stake in shares of Badger Meter by 0.6% in the second quarter. Maryland State Retirement & Pension System now owns 8,649 shares of the scientific and technical instruments company’s stock worth $2,119,000 after buying an additional 54 shares during the period. Norway Savings Bank grew its holdings in Badger Meter by 2.1% in the 2nd quarter. Norway Savings Bank now owns 2,775 shares of the scientific and technical instruments company’s stock worth $680,000 after acquiring an additional 57 shares during the last quarter. Journey Strategic Wealth LLC increased its position in shares of Badger Meter by 4.6% in the second quarter. Journey Strategic Wealth LLC now owns 1,296 shares of the scientific and technical instruments company’s stock valued at $317,000 after acquiring an additional 57 shares during the period. Parallel Advisors LLC increased its position in shares of Badger Meter by 6.1% in the second quarter. Parallel Advisors LLC now owns 1,039 shares of the scientific and technical instruments company’s stock valued at $255,000 after acquiring an additional 60 shares during the period. Finally, Monument Capital Management raised its stake in shares of Badger Meter by 0.4% during the second quarter. Monument Capital Management now owns 15,588 shares of the scientific and technical instruments company’s stock valued at $3,818,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BMI. Stifel Nicolaus raised Badger Meter from a “hold” rating to a “buy” rating and raised their target price for the stock from $208.00 to $215.00 in a research note on Wednesday, October 22nd. Robert W. Baird set a $205.00 price objective on Badger Meter and gave the stock a “neutral” rating in a report on Monday, October 20th. Jefferies Financial Group assumed coverage on Badger Meter in a research report on Friday, December 12th. They issued a “buy” rating and a $220.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Badger Meter from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Finally, Royal Bank Of Canada set a $229.00 price target on Badger Meter and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $227.00.

Badger Meter Stock Performance

BMI stock opened at $181.79 on Monday. Badger Meter, Inc. has a fifty-two week low of $162.17 and a fifty-two week high of $256.08. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. The business’s 50 day moving average price is $180.32 and its two-hundred day moving average price is $196.23.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $235.65 million for the quarter, compared to analyst estimates of $231.88 million. Badger Meter had a return on equity of 21.12% and a net margin of 15.40%.The firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. Sell-side analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Badger Meter’s dividend payout ratio is currently 34.04%.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.