Vontobel Holding Ltd. cut its holdings in Badger Meter, Inc. (NYSE:BMI - Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,612 shares of the scientific and technical instruments company's stock after selling 1,272 shares during the period. Vontobel Holding Ltd.'s holdings in Badger Meter were worth $1,403,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Badger Meter in the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Badger Meter during the 4th quarter valued at $39,000. ORG Partners LLC purchased a new stake in Badger Meter in the fourth quarter worth about $42,000. Blue Trust Inc. boosted its position in Badger Meter by 1,016.7% during the 3rd 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 in the last quarter. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Badger Meter during the 4th quarter worth approximately $155,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Maxim Group raised their target price on Badger Meter from $235.00 to $245.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus upped their price objective on shares of Badger Meter from $208.00 to $209.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Badger Meter has a consensus rating of "Hold" and an average target price of $218.75.
Check Out Our Latest Analysis on BMI
Badger Meter Stock Performance
Shares of BMI traded down $8.03 during trading hours on Friday, hitting $210.14. The company had a trading volume of 265,787 shares, compared to its average volume of 204,517. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 49.68, a P/E/G ratio of 3.93 and a beta of 0.78. Badger Meter, Inc. has a 52-week low of $150.87 and a 52-week high of $239.11. The firm has a fifty day moving average price of $215.39 and a 200-day moving average price of $212.88.
Badger Meter (NYSE:BMI - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, beating 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%. Research 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, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.65%. Badger Meter's payout ratio is currently 32.15%.
Badger Meter Company Profile
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Free Report)
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.
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