Schwab Charles Investment Management Inc. raised its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 5.6% during the first quarter, Holdings Channel reports. The institutional investor owned 116,541 shares of the scientific and technical instruments company’s stock after buying an additional 6,144 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Badger Meter were worth $4,283,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Badger Meter during the fourth quarter valued at about $3,994,000. UBS Asset Management Americas Inc. raised its position in shares of Badger Meter by 8.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 461,522 shares of the scientific and technical instruments company’s stock worth $17,053,000 after buying an additional 34,806 shares during the period. Teachers Advisors LLC raised its position in shares of Badger Meter by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 52,418 shares of the scientific and technical instruments company’s stock worth $1,937,000 after buying an additional 7,256 shares during the period. Bank of Montreal Can raised its position in shares of Badger Meter by 1.3% in the first quarter. Bank of Montreal Can now owns 17,215 shares of the scientific and technical instruments company’s stock worth $633,000 after buying an additional 221 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Badger Meter by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the scientific and technical instruments company’s stock worth $437,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 84.14% of the company’s stock.

Badger Meter, Inc. (NYSE:BMI) traded up 0.45% during trading on Monday, reaching $44.40. The company’s stock had a trading volume of 5,177 shares. The stock’s 50 day moving average is $42.31 and its 200 day moving average is $38.84. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 37.63 and a beta of 0.56. Badger Meter, Inc. has a 12 month low of $29.30 and a 12 month high of $46.85.

Badger Meter (NYSE:BMI) last issued its earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The business had revenue of $104.17 million for the quarter, compared to analysts’ expectations of $108.02 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts expect that Badger Meter, Inc. will post $1.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.18%. This is a boost from Badger Meter’s previous quarterly dividend of $0.12. Badger Meter’s dividend payout ratio is presently 39.32%.

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A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Badger Meter from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Boenning Scattergood reiterated a “hold” rating on shares of Badger Meter in a research note on Friday, July 21st. Sidoti reiterated a “buy” rating and set a $52.00 target price (up previously from $50.00) on shares of Badger Meter in a research note on Monday, June 19th. Zacks Investment Research upgraded Badger Meter from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Canaccord Genuity reiterated a “hold” rating and set a $37.00 target price on shares of Badger Meter in a research note on Wednesday, May 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Badger Meter has an average rating of “Hold” and an average target price of $42.00.

In other news, insider Ronald H. Dix sold 2,000 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $41.07, for a total value of $82,140.00. Following the transaction, the insider now owns 43,000 shares of the company’s stock, valued at $1,766,010. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Richard A. Meeusen sold 16,500 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $44.61, for a total transaction of $736,065.00. Following the completion of the transaction, the chairman now directly owns 164,620 shares in the company, valued at approximately $7,343,698.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,776 shares of company stock worth $3,858,414. Insiders own 4.50% of the company’s stock.

Badger Meter Company 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.

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

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