Robeco Institutional Asset Management B.V. Sells 1,709 Shares of Badger Meter, Inc. (NYSE:BMI)

Robeco Institutional Asset Management B.V. lowered its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 16.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,722 shares of the scientific and technical instruments company's stock after selling 1,709 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Badger Meter were worth $1,850,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Badger Meter during the 4th quarter worth approximately $28,000. ORG Partners LLC acquired a new position in shares of Badger Meter during the fourth quarter worth approximately $42,000. Blue Trust Inc. lifted its holdings in shares of Badger Meter by 1,016.7% in the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company's stock worth $44,000 after purchasing an additional 183 shares in the last quarter. GAMMA Investing LLC grew its position in Badger Meter by 61.3% in the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company's stock valued at $176,000 after purchasing an additional 306 shares during the period. Finally, Annex Advisory Services LLC bought a new stake in Badger Meter during the 3rd quarter valued at $204,000. 89.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BMI. Stifel Nicolaus lifted their price objective on shares of Badger Meter from $208.00 to $209.00 and gave the company a "hold" rating in a report on Monday. Maxim Group lifted their price objective on shares of Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Robert W. Baird upped their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the company a "neutral" 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $218.75.

Badger Meter Stock Down 1.0 %

Shares of BMI stock traded down $2.09 on Friday, reaching $213.82. The company's stock had a trading volume of 140,168 shares, compared to its average volume of 219,279. The company has a market capitalization of $6.29 billion, a P/E ratio of 50.55, a PEG ratio of 2.36 and a beta of 0.78. The stock's 50 day simple moving average is $217.39 and its 200-day simple moving average is $211.72. Badger Meter, Inc. has a 12-month low of $143.61 and a 12-month high of $239.11.

Badger Meter (NYSE:BMI - Get Free Report) last posted its quarterly earnings data 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 net margin of 15.12% and a return on equity of 21.77%. Research analysts expect that Badger Meter, Inc. will post 4.76 EPS for the current year.

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.