Exchange Traded Concepts LLC decreased its position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,953 shares of the scientific and technical instruments company's stock after selling 5,154 shares during the quarter. Exchange Traded Concepts LLC's holdings in Badger Meter were worth $1,263,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of BMI. Charles Schwab Investment Management Inc. increased its stake in shares of Badger Meter by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 338,198 shares of the scientific and technical instruments company's stock valued at $73,866,000 after buying an additional 19,848 shares during the period. KBC Group NV increased its position in Badger Meter by 0.8% in the 3rd quarter. KBC Group NV now owns 331,769 shares of the scientific and technical instruments company's stock valued at $72,462,000 after acquiring an additional 2,515 shares during the period. Congress Asset Management Co. raised its stake in shares of Badger Meter by 2.8% during the third quarter. Congress Asset Management Co. now owns 295,027 shares of the scientific and technical instruments company's stock valued at $64,437,000 after acquiring an additional 7,967 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Badger Meter by 86.2% during the second quarter. Millennium Management LLC now owns 100,788 shares of the scientific and technical instruments company's stock worth $18,782,000 after purchasing an additional 46,650 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Badger Meter by 26.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,270 shares of the scientific and technical instruments company's stock worth $18,187,000 after purchasing an additional 17,483 shares during the last quarter. Institutional investors own 89.01% of the company's stock.
Badger Meter Price Performance
Shares of NYSE:BMI traded down $0.51 during mid-day trading on Tuesday, hitting $207.10. The company had a trading volume of 177,571 shares, compared to its average volume of 188,463. Badger Meter, Inc. has a one year low of $139.50 and a one year high of $239.11. The firm has a fifty day moving average price of $217.90 and a 200 day moving average price of $211.03. The company has a market capitalization of $6.09 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 2.42 and a beta of 0.79.
Badger Meter Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.34 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.36 annualized dividend and a dividend yield of 0.66%. Badger Meter's dividend payout ratio is presently 33.75%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on BMI shares. Stifel Nicolaus raised their target price on Badger Meter from $203.00 to $208.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. Robert W. Baird upped their target price on Badger Meter from $184.00 to $203.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Finally, Maxim Group raised their price target on shares of Badger Meter from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $216.00.
Read Our Latest Stock Analysis on BMI
Badger Meter Profile
(
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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