Boston Trust Walden Corp Increases Stock Holdings in Badger Meter, Inc. $BMI

Boston Trust Walden Corp raised its position in Badger Meter, Inc. (NYSE:BMI) by 43.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,039 shares of the scientific and technical instruments company’s stock after acquiring an additional 100,298 shares during the quarter. Boston Trust Walden Corp owned approximately 1.12% of Badger Meter worth $58,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Badger Meter by 1.4% in the second quarter. State Street Corp now owns 1,462,807 shares of the scientific and technical instruments company’s stock valued at $358,315,000 after purchasing an additional 20,122 shares during the period. Geode Capital Management LLC increased its stake in Badger Meter by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 876,519 shares of the scientific and technical instruments company’s stock worth $215,464,000 after buying an additional 19,340 shares during the period. Invesco Ltd. lifted its holdings in Badger Meter by 27.1% during the 2nd quarter. Invesco Ltd. now owns 802,166 shares of the scientific and technical instruments company’s stock worth $196,491,000 after buying an additional 171,275 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Badger Meter by 78.1% in the 2nd quarter. Westfield Capital Management Co. LP now owns 612,809 shares of the scientific and technical instruments company’s stock valued at $150,108,000 after buying an additional 268,799 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of Badger Meter by 2.1% in the second quarter. Congress Asset Management Co. now owns 407,059 shares of the scientific and technical instruments company’s stock worth $99,709,000 after acquiring an additional 8,471 shares in the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Badger Meter Stock Performance

NYSE:BMI opened at $180.82 on Monday. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $256.08. The stock has a market cap of $5.33 billion, a P/E ratio of 38.47, a P/E/G ratio of 2.98 and a beta of 0.93. The stock has a 50-day simple moving average of $180.61 and a 200-day simple moving average of $193.93.

Badger Meter (NYSE:BMI) last posted its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $235.65 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, equities research analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current year.

Badger Meter Dividend Announcement

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

Wall Street Analysts Forecast Growth

BMI has been the topic of several analyst reports. Jefferies Financial Group began coverage on Badger Meter in a research note on Friday, December 12th. They issued a “buy” rating and a $220.00 price objective on the stock. Stifel Nicolaus upgraded Badger Meter from a “hold” rating to a “buy” rating and upped their price target for the stock from $208.00 to $215.00 in a report on Wednesday, October 22nd. Weiss Ratings lowered Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Robert W. Baird set a $205.00 price objective on Badger Meter and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $227.00.

Badger Meter Profile

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.