MGO One Seven LLC Buys 1,297 Shares of Badger Meter, Inc. $BMI

MGO One Seven LLC increased its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 18.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,469 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,297 shares during the quarter. MGO One Seven LLC’s holdings in Badger Meter were worth $2,075,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in Badger Meter by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 92 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Badger Meter by 83.0% in the first quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 88 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Badger Meter in the first quarter valued at approximately $37,000. Olde Wealth Management LLC bought a new position in Badger Meter in the first quarter valued at approximately $41,000. Finally, Global X Japan Co. Ltd. bought a new position in Badger Meter in the first quarter valued at approximately $45,000. 89.01% of the stock is owned by institutional investors.

Badger Meter Stock Performance

BMI opened at $179.17 on Wednesday. The firm’s fifty day moving average is $181.71 and its two-hundred day moving average is $208.86. The firm has a market cap of $5.28 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08.

Badger Meter (NYSE:BMI) last posted its 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. Equities analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, August 22nd. This is a positive change from Badger Meter’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Badger Meter’s dividend payout ratio (DPR) is 34.86%.

Analyst Upgrades and Downgrades

BMI has been the topic of a number of recent research reports. Royal Bank Of Canada reduced their price objective on shares of Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings cut shares of Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Stifel Nicolaus set a $224.00 price objective on shares of Badger Meter in a research note on Wednesday, July 23rd. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Badger Meter in a report on Tuesday, September 9th. They issued an “overweight” rating and a $230.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $237.00.

Badger Meter Company Profile

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.