KBC Group NV Has $37.58 Million Stake in Badger Meter, Inc. (NYSE:BMI)

KBC Group NV reduced its holdings in Badger Meter, Inc. (NYSE:BMI - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,141 shares of the scientific and technical instruments company's stock after selling 154,628 shares during the period. KBC Group NV owned approximately 0.60% of Badger Meter worth $37,575,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in Badger Meter by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 338,198 shares of the scientific and technical instruments company's stock worth $73,866,000 after buying an additional 19,848 shares during the period. Congress Asset Management Co. grew its holdings in shares of Badger Meter by 2.8% during the 3rd quarter. Congress Asset Management Co. now owns 295,027 shares of the scientific and technical instruments company's stock worth $64,437,000 after purchasing an additional 7,967 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Badger Meter by 86.2% during the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Badger Meter by 26.6% during the 3rd 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 in the last quarter. Finally, Algert Global LLC grew its holdings in shares of Badger Meter by 39.3% during the 3rd quarter. Algert Global LLC now owns 77,333 shares of the scientific and technical instruments company's stock worth $16,890,000 after purchasing an additional 21,799 shares in the last quarter. 89.01% of the stock is owned by institutional investors.

Badger Meter Stock Down 0.2 %

BMI traded down $0.51 during trading on Tuesday, hitting $207.10. The company's stock had a trading volume of 177,571 shares, compared to its average volume of 188,463. The firm's 50 day moving average price is $217.90 and its two-hundred day moving average price is $211.03. Badger Meter, Inc. has a 12 month low of $139.50 and a 12 month high of $239.11. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 51.39, a price-to-earnings-growth ratio of 2.42 and a beta of 0.79.

Badger Meter Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a $0.34 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.36 annualized dividend and a yield of 0.66%. Badger Meter's payout ratio is 33.75%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BMI shares. Stifel Nicolaus lifted their price objective on Badger Meter from $203.00 to $208.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Maxim Group lifted their price objective on Badger Meter from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Finally, Robert W. Baird lifted their price objective on Badger Meter from $184.00 to $203.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $216.00.

Badger Meter Company 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.