Badger Meter, Inc. (NYSE:BMI) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its position in Badger Meter, Inc. (NYSE:BMI - Free Report) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,062 shares of the scientific and technical instruments company's stock after selling 3,600 shares during the quarter. UniSuper Management Pty Ltd owned 0.10% of Badger Meter worth $5,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Badger Meter by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,378 shares of the scientific and technical instruments company's stock valued at $74,322,000 after acquiring an additional 12,180 shares in the last quarter. Burney Co. purchased a new position in shares of Badger Meter in the fourth quarter valued at approximately $385,000. Van ECK Associates Corp grew its holdings in shares of Badger Meter by 68.1% in the fourth quarter. Van ECK Associates Corp now owns 33,395 shares of the scientific and technical instruments company's stock valued at $7,083,000 after purchasing an additional 13,526 shares in the last quarter. Stifel Financial Corp increased its stake in Badger Meter by 29.0% during the 3rd quarter. Stifel Financial Corp now owns 11,971 shares of the scientific and technical instruments company's stock worth $2,615,000 after buying an additional 2,692 shares during the period. Finally, Fortress Financial Solutions LLC acquired a new stake in Badger Meter during the 4th quarter worth approximately $369,000. Hedge funds and other institutional investors own 89.01% of the company's stock.

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Insider Buying and Selling at Badger Meter

In other Badger Meter news, VP William R. A. Bergum sold 2,416 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $210.33, for a total transaction of $508,157.28. Following the transaction, the vice president now owns 14,199 shares in the company, valued at approximately $2,986,475.67. The trade was a 14.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kenneth Bockhorst sold 1,165 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $212.13, for a total value of $247,131.45. Following the transaction, the chief executive officer now directly owns 52,620 shares of the company's stock, valued at approximately $11,162,280.60. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,949 shares of company stock valued at $4,398,407. 0.80% of the stock is owned by company insiders.

Badger Meter Stock Up 1.4 %

Badger Meter stock traded up $2.70 during midday trading on Tuesday, reaching $192.95. The company's stock had a trading volume of 33,439 shares, compared to its average volume of 194,160. The company has a market cap of $5.67 billion, a P/E ratio of 45.57, a P/E/G ratio of 3.89 and a beta of 0.83. The business has a 50-day simple moving average of $208.05 and a 200-day simple moving average of $213.62. Badger Meter, Inc. has a fifty-two week low of $151.18 and a fifty-two week high of $239.11.

Badger Meter (NYSE:BMI - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. As a group, equities analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.34 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.70%. Badger Meter's dividend payout ratio (DPR) is currently 32.15%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Royal Bank of Canada started coverage on Badger Meter in a research report on Thursday, March 27th. They set an "outperform" rating and a $251.00 price objective on the stock. Maxim Group upped their price target on Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus increased their price target on Badger Meter from $208.00 to $209.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $225.20.

About Badger Meter

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.