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

Boston Trust Walden Corp reduced its stake in Badger Meter, Inc. (NYSE:BMI) by 2.3% in the 2nd quarter, according to the company in its most recent 13F 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 period. Boston Trust Walden Corp’s holdings in Badger Meter were worth $56,275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BMI. Golden State Wealth Management LLC boosted its holdings in 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 worth $35,000 after acquiring an additional 92 shares during the period. 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 worth $37,000 after purchasing an additional 88 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Badger Meter in the first quarter valued at $37,000. Olde Wealth Management LLC acquired a new stake in Badger Meter during the 1st quarter valued at $41,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Badger Meter during the 1st quarter worth $45,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Badger Meter Price Performance

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

Badger Meter (NYSE:BMI) last issued its earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $235.38 million. During the same period last year, the company posted $1.12 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.40 dividend. This is an increase from Badger Meter’s previous quarterly dividend of $0.34. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 22nd. Badger Meter’s dividend payout ratio is 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.