Badger Meter, Inc. $BMI Stake Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its position in shares of Badger Meter, Inc. (NYSE:BMI) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 698,858 shares of the scientific and technical instruments company’s stock after selling 30,103 shares during the quarter. Boston Trust Walden Corp’s holdings in Badger Meter were worth $86,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of BMI. Public Employees Retirement System of Ohio bought a new stake in shares of Badger Meter in the 2nd quarter worth $27,000. Dunhill Financial LLC purchased a new stake in shares of Badger Meter in the second quarter valued at about $28,000. Integrated Wealth Concepts LLC bought a new position in shares of Badger Meter during the second quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new position in shares of Badger Meter during the second quarter valued at about $30,000. Finally, State of Wyoming purchased a new position in Badger Meter during the second quarter worth about $43,000. 89.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BMI. Northcoast Research cut shares of Badger Meter from a “buy” rating to a “neutral” rating in a report on Tuesday, October 27th. Barclays lifted their target price on shares of Badger Meter from $111.00 to $112.00 and gave the stock an “underweight” rating in a research report on Friday, October 23rd. Argus raised shares of Badger Meter from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Tuesday, October 27th. Seaport Research Partners restated a “buy” rating and issued a $175.00 target price on shares of Badger Meter in a research note on Friday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Badger Meter in a report on Monday, October 26th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Badger Meter presently has an average rating of “Hold” and a consensus price target of $166.33.

Badger Meter Stock Performance

BMI stock opened at $164.17 on Thursday. The stock has a fifty day moving average of $134.09 and a 200-day moving average of $138.91. Badger Meter, Inc. has a fifty-two week low of $112.09 and a fifty-two week high of $192.28. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 3.74 and a beta of 0.63.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. The business had revenue of $230.30 million for the quarter, compared to analysts’ expectations of $240.35 million. Badger Meter had a return on equity of 18.49% and a net margin of 14.36%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Equities analysts predict that Badger Meter, Inc. will post 4.53 EPS for the current year.

Badger Meter Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were paid a $0.44 dividend. The ex-dividend date was Friday, August 28th. This is a positive change from Badger Meter’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. Badger Meter’s dividend payout ratio is 40.65%.

Badger Meter Profile

Badger Meter, Inc is a water technology company that develops and manufactures flow measurement, control and communications solutions. Its products are used to measure and manage water across municipal, commercial and industrial applications, helping customers improve operational efficiency, monitor usage and support water conservation.

The company’s offerings include mechanical, ultrasonic and electromagnetic flow meters; valves and related flow-control equipment; and smart water technologies.