Allspring Global Investments Holdings LLC Invests $1.62 Million in Badger Meter, Inc. (NYSE:BMI)

Allspring Global Investments Holdings LLC bought a new stake in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,615 shares of the scientific and technical instruments company's stock, valued at approximately $1,615,000.

Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its stake in Badger Meter by 23.0% in the third quarter. Creative Planning now owns 13,575 shares of the scientific and technical instruments company's stock worth $2,965,000 after buying an additional 2,536 shares in the last quarter. Blue Trust Inc. boosted its stake 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 worth $44,000 after acquiring an additional 183 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Badger Meter by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company's stock worth $357,000 after buying an additional 71 shares during the last quarter. BKM Wealth Management LLC purchased a new position in shares of Badger Meter in the 3rd quarter worth about $262,000. Finally, Cavalier Investments LLC lifted its stake in Badger Meter by 6.3% during the 3rd quarter. Cavalier Investments LLC now owns 12,871 shares of the scientific and technical instruments company's stock valued at $2,811,000 after acquiring an additional 759 shares during the period. 89.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Badger Meter from $208.00 to $209.00 and gave the stock a "hold" rating in a research note on Monday, February 3rd. Maxim Group boosted their price objective on Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $218.75.

Badger Meter Trading Up 0.0 %

BMI stock traded up $0.05 during midday trading on Wednesday, hitting $207.64. The stock had a trading volume of 101,527 shares, compared to its average volume of 208,108. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 49.08, a P/E/G ratio of 3.89 and a beta of 0.78. The stock has a 50-day simple moving average of $214.50 and a 200 day simple moving average of $213.43. Badger Meter, Inc. has a 52 week low of $150.87 and a 52 week high of $239.11.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. On average, equities analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current year.

Badger Meter Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, February 28th. Badger Meter's payout ratio is presently 32.15%.

Badger Meter 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.