Teachers Advisors LLC lifted its position in Badger Meter, Inc. (NYSE:BMI) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,716 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,478 shares during the period. Teachers Advisors LLC owned 0.26% of Badger Meter worth $3,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC acquired a new stake in Badger Meter during the 3rd quarter worth about $153,000. BlueMountain Capital Management LLC acquired a new stake in Badger Meter during the 3rd quarter worth about $163,000. Ibex Investors LLC acquired a new stake in Badger Meter during the 3rd quarter worth about $200,000. Carlson Capital Management acquired a new stake in Badger Meter during the 3rd quarter worth about $212,000. Finally, Port Capital LLC acquired a new stake in Badger Meter during the 3rd quarter worth about $212,000. 86.52% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a research report on Tuesday, February 5th. Maxim Group set a $65.00 price target on Badger Meter and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research downgraded Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Finally, Berenberg Bank raised Badger Meter from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Badger Meter currently has an average rating of “Hold” and an average target price of $50.33.
Badger Meter (NYSE:BMI) last released its earnings results on Tuesday, February 5th. The scientific and technical instruments company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. Badger Meter had a net margin of 6.41% and a return on equity of 15.39%. The business had revenue of $104.40 million for the quarter, compared to analyst estimates of $103.54 million. During the same period last year, the company posted $0.25 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts predict that Badger Meter, Inc. will post 1.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, February 27th. Badger Meter’s dividend payout ratio (DPR) is 38.96%.
In other Badger Meter news, VP Horst Gras sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $53.57, for a total value of $120,532.50. Following the transaction, the vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $677,660.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard E. Johnson sold 5,854 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $59.15, for a total transaction of $346,264.10. Following the completion of the transaction, the vice president now directly owns 50,000 shares in the company, valued at $2,957,500. The disclosure for this sale can be found here. Insiders sold a total of 15,406 shares of company stock worth $861,233 over the last three months. Corporate insiders own 2.80% of the company’s stock.
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Badger Meter Profile
Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.
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