Bryn Mawr Capital Management LLC Buys Shares of 3,615 Badger Meter, Inc. (NYSE:BMI)

Bryn Mawr Capital Management LLC purchased a new stake in Badger Meter, Inc. (NYSE:BMI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,615 shares of the scientific and technical instruments company's stock, valued at approximately $767,000.

Several other large investors have also recently added to or reduced their stakes in BMI. R Squared Ltd bought a new position in shares of Badger Meter in the fourth quarter valued at about $28,000. Principal Securities Inc. raised its stake in shares of Badger Meter by 2,457.1% in the fourth quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company's stock worth $38,000 after acquiring an additional 172 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Badger Meter during the fourth quarter worth approximately $39,000. ORG Partners LLC acquired a new position in shares of Badger Meter during the fourth quarter worth approximately $42,000. Finally, Blue Trust Inc. grew its stake in shares of 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 valued at $44,000 after purchasing an additional 183 shares during the last quarter. 89.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on BMI. Maxim Group increased their price objective on Badger Meter from $235.00 to $245.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Stifel Nicolaus boosted their price objective on 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 issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $218.75.

Badger Meter Trading Up 1.0 %

Shares of NYSE:BMI traded up $2.04 during midday trading on Tuesday, hitting $208.25. The company had a trading volume of 94,726 shares, compared to its average volume of 208,319. Badger Meter, Inc. has a 12 month low of $150.87 and a 12 month high of $239.11. The firm has a fifty day simple moving average of $214.89 and a 200 day simple moving average of $213.32. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 3.89 and a beta of 0.78.

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

Badger Meter Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.34 dividend. 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.