4,509 Shares in Badger Meter, Inc. (NYSE:BMI) Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired a new position in Badger Meter, Inc. (NYSE:BMI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,509 shares of the scientific and technical instruments company's stock, valued at approximately $936,000.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC bought a new stake in Badger Meter during the fourth quarter valued at about $42,000. Blue Trust Inc. boosted its holdings in Badger Meter by 1,016.7% during the third quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company's stock valued at $44,000 after acquiring an additional 183 shares during the period. GAMMA Investing LLC boosted its holdings in Badger Meter by 61.3% during the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company's stock valued at $176,000 after acquiring an additional 306 shares during the period. Annex Advisory Services LLC bought a new stake in Badger Meter during the third quarter valued at about $204,000. Finally, ORBA Wealth Advisors L.L.C. bought a new stake in Badger Meter during the third quarter valued at about $207,000. 89.01% of the stock is currently owned by institutional investors.

Badger Meter Stock Performance

Shares of BMI traded up $4.10 during trading hours on Tuesday, reaching $219.27. 135,177 shares of the company traded hands, compared to its average volume of 179,889. The stock's fifty day moving average is $218.41 and its 200 day moving average is $209.99. The stock has a market cap of $6.45 billion, a P/E ratio of 54.41, a price-to-earnings-growth ratio of 2.39 and a beta of 0.79. Badger Meter, Inc. has a 1-year low of $139.50 and a 1-year high of $239.11.

Badger Meter Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, November 22nd. Badger Meter's dividend payout ratio is currently 33.75%.

Analysts Set New Price Targets

BMI has been the subject of a number of recent analyst reports. Maxim Group upped their price target on shares of Badger Meter from $216.00 to $235.00 and gave the company a "buy" rating in a report on Friday, October 18th. Robert W. Baird upped their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Finally, Stifel Nicolaus upped their price target on shares of Badger Meter from $203.00 to $208.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $216.00.

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.