Badger Meter, Inc. (NYSE:BMI) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 541.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,221 shares of the scientific and technical instruments company's stock after purchasing an additional 1,875 shares during the quarter. Jones Financial Companies Lllp's holdings in Badger Meter were worth $471,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bailard Inc. boosted its holdings in shares of Badger Meter by 4.3% in the 4th quarter. Bailard Inc. now owns 3,654 shares of the scientific and technical instruments company's stock worth $775,000 after purchasing an additional 151 shares during the period. Norden Group LLC boosted its holdings in shares of Badger Meter by 368.4% in the 4th quarter. Norden Group LLC now owns 4,422 shares of the scientific and technical instruments company's stock worth $938,000 after purchasing an additional 3,478 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Badger Meter by 261.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the scientific and technical instruments company's stock worth $128,000 after purchasing an additional 432 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Badger Meter by 75.2% in the 4th quarter. Bridges Investment Management Inc. now owns 5,427 shares of the scientific and technical instruments company's stock worth $1,151,000 after purchasing an additional 2,329 shares during the period. Finally, Robeco Schweiz AG bought a new stake in shares of Badger Meter during the 4th quarter worth approximately $7,494,000. Hedge funds and other institutional investors own 89.01% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BMI. Maxim Group raised their price target on Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus raised their price target on Badger Meter from $208.00 to $209.00 and gave the stock a "hold" rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $218.75.

Badger Meter Stock Performance

NYSE BMI traded up $2.98 on Friday, reaching $198.09. 273,998 shares of the stock traded hands, compared to its average volume of 178,670. The company has a fifty day moving average price of $212.28 and a 200-day moving average price of $213.85. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 3.89 and a beta of 0.83. Badger Meter, Inc. has a 12 month low of $150.87 and a 12 month high of $239.11.

Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 21.77% and a net margin of 15.12%. As a group, research analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.36 annualized dividend and a yield of 0.69%. Badger Meter's dividend payout ratio (DPR) is 32.15%.

Insider Buying and Selling

In other Badger Meter news, CEO Kenneth Bockhorst sold 1,165 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $212.13, for a total transaction of $247,131.45. Following the sale, the chief executive officer now owns 52,620 shares in the company, valued at approximately $11,162,280.60. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Karen M. Bauer sold 1,147 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $209.74, for a total value of $240,571.78. Following the completion of the transaction, the vice president now directly owns 5,076 shares of the company's stock, valued at approximately $1,064,640.24. This trade represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,949 shares of company stock worth $4,398,407 in the last ninety days. 0.80% of the stock is owned by insiders.

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.