Norden Group LLC raised its stake in Badger Meter, Inc. (NYSE:BMI - Free Report) by 368.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,422 shares of the scientific and technical instruments company's stock after buying an additional 3,478 shares during the period. Norden Group LLC's holdings in Badger Meter were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. Private Advisor Group LLC raised its holdings in shares of Badger Meter by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company's stock valued at $357,000 after purchasing an additional 71 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Badger Meter during the third quarter worth $230,000. Geneva Partners LLC bought a new stake in Badger Meter during the 3rd quarter valued at $1,120,000. JB Capital LLC purchased a new position in shares of Badger Meter in the 3rd quarter valued at $218,000. Finally, Portside Wealth Group LLC raised its position in shares of Badger Meter by 14.5% in the 3rd quarter. Portside Wealth Group LLC now owns 1,576 shares of the scientific and technical instruments company's stock worth $344,000 after acquiring an additional 199 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors.
Badger Meter Price Performance
Badger Meter stock traded down $0.50 during mid-day trading on Monday, reaching $209.83. 263,476 shares of the company traded hands, compared to its average volume of 212,562. The firm's fifty day moving average is $213.91 and its two-hundred day moving average is $213.74. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 49.61, a price-to-earnings-growth ratio of 3.89 and a beta of 0.78. Badger Meter, Inc. has a fifty-two week low of $150.87 and a fifty-two week high of $239.11.
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%. As a group, equities research analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current year.
Badger Meter Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, February 28th. Badger Meter's dividend payout ratio (DPR) is 32.15%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Maxim Group raised 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 raised their target price on shares of Badger Meter from $208.00 to $209.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $218.75.
Get Our Latest Stock Analysis on Badger Meter
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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