Badger Meter, Inc. $BMI is Belpointe Asset Management LLC’s 8th Largest Position

Belpointe Asset Management LLC boosted its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,017 shares of the scientific and technical instruments company’s stock after purchasing an additional 56 shares during the quarter. Badger Meter makes up 1.8% of Belpointe Asset Management LLC’s holdings, making the stock its 8th largest position. Belpointe Asset Management LLC owned about 0.61% of Badger Meter worth $43,850,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BMI. Brighton Jones LLC acquired a new position in shares of Badger Meter during the 4th quarter worth approximately $227,000. First Citizens Bank & Trust Co. acquired a new position in Badger Meter during the first quarter worth $250,000. Portside Wealth Group LLC lifted its holdings in Badger Meter by 10.9% during the first quarter. Portside Wealth Group LLC now owns 3,074 shares of the scientific and technical instruments company’s stock valued at $585,000 after purchasing an additional 301 shares in the last quarter. Bridge City Capital LLC grew its position in shares of Badger Meter by 0.3% in the first quarter. Bridge City Capital LLC now owns 28,202 shares of the scientific and technical instruments company’s stock valued at $5,365,000 after purchasing an additional 85 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Badger Meter during the first quarter worth about $1,138,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Stifel Nicolaus set a $224.00 target price on Badger Meter in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. initiated coverage on Badger Meter in a research report on Tuesday, September 9th. They set an “overweight” rating and a $230.00 price target for the company. Royal Bank Of Canada decreased their price objective on Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Finally, Robert W. Baird raised their price target on shares of Badger Meter from $216.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Badger Meter presently has an average rating of “Moderate Buy” and an average price target of $237.00.

Badger Meter Trading Up 0.7%

Shares of BMI stock opened at $180.93 on Monday. The company has a market capitalization of $5.33 billion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 3.20 and a beta of 0.90. The business’s 50 day moving average is $183.13 and its two-hundred day moving average is $209.72. Badger Meter, Inc. has a twelve month low of $162.17 and a twelve month high of $256.08.

Badger Meter (NYSE:BMI) 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 company had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.38 million. During the same period in the prior year, the business earned $1.12 earnings per share. Badger Meter’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a 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 presently 34.86%.

About Badger Meter

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.