Ibex Wealth Advisors Sells 90,551 Shares of Badger Meter, Inc. (NYSE:BMI)

Ibex Wealth Advisors trimmed its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 98.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,513 shares of the scientific and technical instruments company's stock after selling 90,551 shares during the period. Ibex Wealth Advisors' holdings in Badger Meter were worth $321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BMI. R Squared Ltd bought a new position in shares of Badger Meter in the 4th quarter valued at about $28,000. ORG Partners LLC bought a new position in Badger Meter in the fourth quarter valued at approximately $42,000. Blue Trust Inc. increased its position in shares of 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 worth $44,000 after purchasing an additional 183 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Badger Meter by 61.3% during the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company's stock worth $176,000 after purchasing an additional 306 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in shares of Badger Meter in the 3rd quarter valued at approximately $204,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Badger Meter Stock Up 1.1 %

BMI traded up $2.36 during trading on Thursday, hitting $210.87. The company's stock had a trading volume of 51,317 shares, compared to its average volume of 182,299. Badger Meter, Inc. has a twelve month low of $139.50 and a twelve month high of $239.11. The stock's fifty day moving average price is $217.74 and its 200-day moving average price is $211.01. The firm has a market capitalization of $6.20 billion, a P/E ratio of 52.33, a PEG ratio of 2.42 and a beta of 0.79.

Badger Meter Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Friday, November 22nd. Badger Meter's dividend payout ratio is currently 33.75%.

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.