Pinebridge Investments L.P. lifted its position in Badger Meter, Inc. (NYSE:BMI) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,836 shares of the scientific and technical instruments company’s stock after acquiring an additional 38 shares during the period. Pinebridge Investments L.P.’s holdings in Badger Meter were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. BB&T Securities LLC boosted its stake in shares of Badger Meter by 0.5% in the first quarter. BB&T Securities LLC now owns 13,883 shares of the scientific and technical instruments company’s stock worth $510,000 after acquiring an additional 74 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Badger Meter by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 7,106 shares of the scientific and technical instruments company’s stock worth $262,000 after buying an additional 93 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Badger Meter by 0.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,528 shares of the scientific and technical instruments company’s stock worth $938,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its position in Badger Meter by 0.8% during the second quarter. Texas Permanent School Fund now owns 21,256 shares of the scientific and technical instruments company’s stock worth $847,000 after buying an additional 179 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Badger Meter by 1.3% during the first quarter. Arizona State Retirement System now owns 15,194 shares of the scientific and technical instruments company’s stock worth $558,000 after buying an additional 200 shares in the last quarter. 83.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on BMI. Sidoti lifted their price objective on Badger Meter from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded Badger Meter from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus began coverage on Badger Meter in a research report on Monday, September 18th. They set a “hold” rating and a $43.00 price objective on the stock. BidaskClub upgraded Badger Meter from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a research report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Badger Meter has a consensus rating of “Hold” and an average target price of $48.33.

Badger Meter, Inc. (NYSE BMI) opened at 50.15 on Friday. The company’s 50-day moving average price is $46.61 and its 200-day moving average price is $41.57. The stock has a market cap of $1.46 billion, a P/E ratio of 42.50 and a beta of 0.56. Badger Meter, Inc. has a 12 month low of $29.30 and a 12 month high of $50.90.

Badger Meter (NYSE:BMI) last announced its earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $104.17 million for the quarter, compared to analysts’ expectations of $108.02 million. Badger Meter had a return on equity of 13.19% and a net margin of 8.67%. Badger Meter’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. Equities analysts forecast that Badger Meter, Inc. will post $1.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, August 29th. This is a boost from Badger Meter’s previous quarterly dividend of $0.12. Badger Meter’s dividend payout ratio is 44.44%.

In other Badger Meter news, Director Andrew J. Policano sold 8,850 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $45.67, for a total transaction of $404,179.50. Following the sale, the director now owns 32,561 shares in the company, valued at approximately $1,487,060.87. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kimberly K. Stoll sold 2,830 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $45.01, for a total value of $127,378.30. Following the sale, the vice president now owns 12,223 shares in the company, valued at approximately $550,157.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,340 shares of company stock worth $2,859,651. 4.50% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: “Badger Meter, Inc. (BMI) Shares Bought by Pinebridge Investments L.P.” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/badger-meter-inc-bmi-shares-bought-by-pinebridge-investments-l-p/1614668.html.

Badger Meter Profile

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

Want to see what other hedge funds are holding BMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Badger Meter, Inc. (NYSE:BMI).

Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

Receive News & Ratings for Badger Meter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.