Badger Meter, Inc. $BMI Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in Badger Meter, Inc. (NYSE:BMI) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,741 shares of the scientific and technical instruments company’s stock after selling 5,340 shares during the quarter. Boston Trust Walden Corp owned 0.78% of Badger Meter worth $56,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC lifted its holdings in shares of Badger Meter by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 184 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 92 shares during the period. SBI Securities Co. Ltd. lifted its holdings 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 period. Banque Cantonale Vaudoise purchased a new stake in shares of Badger Meter during the 1st quarter worth $37,000. Olde Wealth Management LLC acquired a new position in shares of Badger Meter during the 1st quarter worth $41,000. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Badger Meter in the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analysts Set New Price Targets

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

Badger Meter Price Performance

NYSE BMI opened at $177.47 on Tuesday. The company has a market cap of $5.23 billion, a P/E ratio of 38.66, a P/E/G ratio of 3.06 and a beta of 0.90. Badger Meter, Inc. has a 12 month low of $162.17 and a 12 month high of $256.08. The company has a 50-day moving average of $181.81 and a 200-day moving average of $209.07.

Badger Meter (NYSE:BMI) last released its earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.02). Badger Meter had a return on equity of 21.57% and a net margin of 15.53%.The company had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.38 million. During the same period in the prior year, the business posted $1.12 earnings per share. Badger Meter’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that Badger Meter, Inc. will post 4.65 EPS for the current year.

Badger Meter Increases Dividend

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

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.