Vestmark Advisory Solutions Inc. Buys New Position in Badger Meter, Inc. $BMI

Vestmark Advisory Solutions Inc. purchased a new stake in Badger Meter, Inc. (NYSE:BMI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,617 shares of the scientific and technical instruments company’s stock, valued at approximately $641,000.

Several other institutional investors have also added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Badger Meter in the second quarter worth about $343,000. Westfield Capital Management Co. LP bought a new stake in Badger Meter during the 1st quarter valued at approximately $65,448,000. Monument Capital Management grew its holdings in shares of Badger Meter by 0.4% during the 2nd quarter. Monument Capital Management now owns 15,588 shares of the scientific and technical instruments company’s stock worth $3,818,000 after acquiring an additional 60 shares during the period. Bessemer Group Inc. grew its holdings in shares of Badger Meter by 90,115.4% during the 2nd quarter. Bessemer Group Inc. now owns 70,368 shares of the scientific and technical instruments company’s stock worth $17,236,000 after acquiring an additional 70,290 shares during the period. Finally, Truist Financial Corp raised its position in shares of Badger Meter by 4.6% in the 2nd quarter. Truist Financial Corp now owns 24,784 shares of the scientific and technical instruments company’s stock worth $6,071,000 after acquiring an additional 1,088 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors.

Badger Meter Price Performance

Shares of NYSE:BMI opened at $185.18 on Wednesday. The business has a fifty day moving average price of $180.23 and a 200-day moving average price of $208.10. The company has a market capitalization of $5.46 billion, a PE ratio of 39.40, a PEG ratio of 3.02 and a beta of 0.94. Badger Meter, Inc. has a 1-year low of $162.17 and a 1-year high of $256.08.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $235.65 million for the quarter, compared to the consensus estimate of $231.88 million. Badger Meter had a net margin of 15.40% and a return on equity of 21.12%. Badger Meter’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. On average, sell-side analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 21st. Badger Meter’s payout ratio is presently 34.04%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BMI shares. JPMorgan Chase & Co. began coverage on Badger Meter in a research report on Tuesday, September 9th. They set an “overweight” rating and a $230.00 price target on the stock. Weiss Ratings lowered Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $229.00 target price on shares of Badger Meter and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Robert W. Baird set a $205.00 price objective on shares of Badger Meter and gave the stock a “neutral” rating in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Badger Meter currently has an average rating of “Moderate Buy” and a consensus target price of $227.33.

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.