Badger Meter, Inc. (BMI) Stake Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 23.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,085 shares of the scientific and technical instruments company’s stock after acquiring an additional 23,495 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.42% of Badger Meter worth $5,982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Badger Meter by 4.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 160,105 shares of the scientific and technical instruments company’s stock worth $7,845,000 after purchasing an additional 6,528 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Badger Meter by 39.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,818 shares of the scientific and technical instruments company’s stock worth $1,608,000 after acquiring an additional 9,290 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Badger Meter by 59.0% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,920 shares of the scientific and technical instruments company’s stock worth $535,000 after acquiring an additional 4,050 shares during the period. Sei Investments Co. raised its stake in Badger Meter by 30,007.4% during the 3rd quarter. Sei Investments Co. now owns 16,258 shares of the scientific and technical instruments company’s stock worth $203,000 after acquiring an additional 16,204 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Badger Meter by 48.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,154 shares of the scientific and technical instruments company’s stock worth $792,000 after acquiring an additional 5,280 shares during the period. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Beverly L. P. Smiley sold 7,550 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $45.26, for a total value of $341,713.00. Following the completion of the transaction, the vice president now directly owns 56,449 shares of the company’s stock, valued at $2,554,881.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew J. Policano sold 8,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $45.64, for a total transaction of $365,120.00. Following the completion of the transaction, the director now directly owns 24,561 shares of the company’s stock, valued at $1,120,964.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,400 shares of company stock valued at $1,111,013. Insiders own 4.50% of the company’s stock.

Shares of Badger Meter, Inc. (NYSE BMI) opened at $45.65 on Monday. Badger Meter, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $52.10. The stock has a market cap of $1,330.00, a P/E ratio of 40.04 and a beta of 0.65.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. The company had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $102.86 million. During the same period last year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. analysts predict that Badger Meter, Inc. will post 1.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, November 29th. Badger Meter’s dividend payout ratio (DPR) is currently 45.22%.

BMI has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $43.00 target price (down previously from $49.00) on shares of Badger Meter in a research note on Tuesday, October 17th. Robert W. Baird restated a “hold” rating and set a $44.00 target price on shares of Badger Meter in a research note on Tuesday, October 17th. Canaccord Genuity restated a “hold” rating and set a $40.00 target price on shares of Badger Meter in a research note on Friday, October 6th. Zacks Investment Research cut shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, BidaskClub upgraded shares of Badger Meter from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $48.00.

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About Badger Meter

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

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

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