Barclays PLC Has $12.03 Million Stock Holdings in Badger Meter, Inc. (NYSE:BMI)

Barclays PLC raised its holdings in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 348.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,090 shares of the scientific and technical instruments company's stock after purchasing an additional 42,806 shares during the period. Barclays PLC owned 0.19% of Badger Meter worth $12,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC increased 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 valued at $357,000 after acquiring an additional 71 shares during the last quarter. Bridges Investment Management Inc. bought a new position in Badger Meter during the second quarter worth about $577,000. Geneva Partners LLC acquired a new position in Badger Meter in the third quarter valued at about $1,120,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of Badger Meter by 72.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 19,783 shares of the scientific and technical instruments company's stock worth $3,687,000 after acquiring an additional 8,298 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Badger Meter during the second quarter worth about $230,000. Institutional investors and hedge funds own 89.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Badger Meter from $203.00 to $208.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Maxim Group boosted their target price on Badger Meter from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Finally, Robert W. Baird raised their price target on shares of Badger Meter from $184.00 to $203.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $216.00.

Badger Meter Stock Performance

BMI traded up $4.06 during trading on Monday, reaching $230.37. 138,010 shares of the stock were exchanged, compared to its average volume of 181,631. The stock's 50 day moving average price is $217.22 and its two-hundred day moving average price is $204.91. Badger Meter, Inc. has a twelve month low of $139.50 and a twelve month high of $239.11. The stock has a market cap of $6.78 billion, a P/E ratio of 57.16, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79.

Badger Meter (NYSE:BMI - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The firm had revenue of $208.44 million for the quarter, compared to analyst estimates of $212.08 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that Badger Meter, Inc. will post 4.19 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.34 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.59%. Badger Meter's payout ratio is 33.75%.

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.