Perpetual Ltd purchased a new position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 49,320 shares of the scientific and technical instruments company's stock, valued at approximately $10,462,000. Perpetual Ltd owned 0.17% of Badger Meter as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of BMI. American Century Companies Inc. raised its stake in Badger Meter by 72.9% in the 2nd quarter. American Century Companies Inc. now owns 19,621 shares of the scientific and technical instruments company's stock valued at $3,656,000 after acquiring an additional 8,271 shares during the period. Intech Investment Management LLC acquired a new position in shares of Badger Meter in the second quarter valued at $1,032,000. Canada Pension Plan Investment Board bought a new position in shares of Badger Meter in the second quarter valued at about $2,833,000. Public Sector Pension Investment Board lifted its stake in shares of Badger Meter by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 64,632 shares of the scientific and technical instruments company's stock worth $12,044,000 after buying an additional 4,471 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Badger Meter during the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 89.01% of the company's stock.
Badger Meter Stock Down 0.3 %
Shares of BMI stock traded down $0.72 during trading hours on Wednesday, reaching $218.69. The company's stock had a trading volume of 157,625 shares, compared to its average volume of 178,171. Badger Meter, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $239.11. The firm's 50 day simple moving average is $218.20 and its 200-day simple moving average is $210.28. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 54.27, a PEG ratio of 2.39 and a beta of 0.79.
Badger Meter Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.34 per share. The ex-dividend date was Friday, November 22nd. This represents a $1.36 annualized dividend and a dividend yield of 0.62%. Badger Meter's dividend payout ratio (DPR) is presently 33.75%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their target price on Badger Meter from $203.00 to $208.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Robert W. Baird upped their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, Maxim Group boosted their price objective on shares of Badger Meter from $216.00 to $235.00 and gave the company a "buy" rating in a report on Friday, October 18th. 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $216.00.
View Our Latest Analysis on BMI
About Badger Meter
(
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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