Bryn Mawr Capital Management LLC Invests $218,000 in Badger Meter, Inc. (NYSE:BMI)

Bryn Mawr Capital Management LLC purchased a new stake in shares of Badger Meter, Inc. (NYSE:BMI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,028 shares of the scientific and technical instruments company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Congress Asset Management Co. boosted its holdings in shares of Badger Meter by 23.1% in the 4th quarter. Congress Asset Management Co. now owns 363,164 shares of the scientific and technical instruments company’s stock worth $77,034,000 after acquiring an additional 68,137 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Badger Meter in the 4th quarter worth approximately $10,462,000. Barclays PLC boosted its holdings in shares of Badger Meter by 348.5% in the 3rd quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock worth $12,034,000 after acquiring an additional 42,806 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Badger Meter in the 3rd quarter worth approximately $5,285,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Badger Meter by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 335,105 shares of the scientific and technical instruments company’s stock worth $71,083,000 after acquiring an additional 23,606 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BMI has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Maxim Group upped their price objective on Badger Meter from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $218.75.

Badger Meter Stock Performance

Shares of Badger Meter stock opened at $207.86 on Friday. The firm has a fifty day moving average of $214.27 and a two-hundred day moving average of $213.40. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.89 and a beta of 0.78. Badger Meter, Inc. has a 52 week low of $150.87 and a 52 week high of $239.11.

Badger Meter (NYSE:BMI) last issued its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. As a group, research analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, February 28th. Badger Meter’s dividend payout ratio is currently 32.15%.

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.