Inspire Investing LLC Grows Stock Holdings in Badger Meter, Inc. $BMI

Inspire Investing LLC raised its position in shares of Badger Meter, Inc. (NYSE:BMIFree Report) by 172.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,938 shares of the scientific and technical instruments company’s stock after buying an additional 3,759 shares during the quarter. Inspire Investing LLC’s holdings in Badger Meter were worth $1,455,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC lifted its position in shares of Badger Meter by 100.0% during 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 buying an additional 92 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Badger Meter by 83.0% during 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 buying an additional 88 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Badger Meter during the first quarter valued at about $37,000. Olde Wealth Management LLC acquired a new position in shares of Badger Meter during the first quarter valued at about $41,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Badger Meter during the first quarter valued at about $45,000. 89.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada cut 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 downgraded shares of Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Stifel Nicolaus set a $224.00 price objective on shares of Badger Meter in a report on Wednesday, July 23rd. Finally, Robert W. Baird upped their price objective on shares of Badger Meter from $216.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $237.00.

Check Out Our Latest Research Report on Badger Meter

Badger Meter Trading Down 0.5%

Shares of NYSE:BMI opened at $172.70 on Friday. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08. The company’s 50 day moving average is $181.98 and its 200 day moving average is $209.05. The company has a market cap of $5.09 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.90.

Badger Meter (NYSE:BMIGet Free Report) last issued its quarterly 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). Badger Meter had a return on equity of 21.57% and a net margin of 15.53%.The business had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.38 million. During the same quarter last year, the company posted $1.12 EPS. Badger Meter’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal 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 paid 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 of this dividend was Friday, August 22nd. This is a positive change from Badger Meter’s previous quarterly dividend of $0.34. Badger Meter’s dividend payout ratio is 34.86%.

About Badger Meter

(Free Report)

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.

Further Reading

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

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