Boston Trust Walden Corp Sells 4,050 Shares of Badger Meter, Inc. (NYSE:BMI)

Boston Trust Walden Corp lessened its stake in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,310 shares of the scientific and technical instruments company's stock after selling 4,050 shares during the period. Boston Trust Walden Corp owned about 0.81% of Badger Meter worth $50,762,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BMI. R Squared Ltd acquired a new stake in Badger Meter in the 4th quarter valued at about $28,000. Heck Capital Advisors LLC bought a new stake in Badger Meter in the fourth quarter valued at approximately $39,000. ORG Partners LLC acquired a new stake in shares of Badger Meter in the fourth quarter valued at approximately $42,000. Blue Trust Inc. boosted its stake 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 acquiring an additional 183 shares during the period. Finally, GAMMA Investing LLC increased its holdings 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 acquiring an additional 306 shares during the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.

Badger Meter Stock Down 1.0 %

Shares of Badger Meter stock traded down $2.09 during trading on Friday, reaching $213.82. The company's stock had a trading volume of 140,168 shares, compared to its average volume of 219,279. The business's 50-day moving average price is $217.39 and its 200-day moving average price is $211.72. Badger Meter, Inc. has a 52 week low of $143.61 and a 52 week high of $239.11. The firm has a market cap of $6.29 billion, a PE ratio of 50.55, a P/E/G ratio of 2.36 and a beta of 0.78.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. Equities analysts predict that Badger Meter, Inc. will post 4.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. 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 report on Monday. Robert W. Baird raised their target price 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. Finally, Maxim Group upped their price target on shares of Badger Meter from $235.00 to $245.00 and gave the company a "buy" rating in a research note on Monday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $218.75.

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.