Tidal Investments LLC Has $17.41 Million Position in Badger Meter, Inc. (NYSE:BMI)

Tidal Investments LLC lifted its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 838.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,073 shares of the scientific and technical instruments company’s stock after acquiring an additional 73,323 shares during the period. Tidal Investments LLC’s holdings in Badger Meter were worth $17,409,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BMI. Norges Bank acquired a new position in shares of Badger Meter during the 4th quarter valued at $94,547,000. Pictet Asset Management Holding SA lifted its position in shares of Badger Meter by 5,897.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 235,322 shares of the scientific and technical instruments company’s stock valued at $49,917,000 after acquiring an additional 231,398 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Badger Meter by 184.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 256,217 shares of the scientific and technical instruments company’s stock valued at $54,350,000 after acquiring an additional 166,191 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Badger Meter during the 4th quarter valued at $20,586,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Badger Meter by 111.1% during the 4th quarter. Ameriprise Financial Inc. now owns 182,382 shares of the scientific and technical instruments company’s stock valued at $38,687,000 after acquiring an additional 95,966 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on BMI shares. Maxim Group boosted their price target on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Robert W. Baird decreased their price target on shares of Badger Meter from $218.00 to $216.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Royal Bank of Canada boosted their price target on shares of Badger Meter from $238.00 to $252.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Stifel Nicolaus decreased their price target on shares of Badger Meter from $209.00 to $196.00 and set a “hold” rating for the company in a research note on Wednesday, April 16th. Finally, Argus set a $240.00 price target on shares of Badger Meter in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $229.80.

Badger Meter Price Performance

NYSE BMI opened at $245.05 on Monday. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $249.65. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 57.93, a PEG ratio of 3.89 and a beta of 0.83. The company has a fifty day moving average price of $203.96 and a 200-day moving average price of $211.88.

Badger Meter (NYSE:BMI) last posted its earnings results on Thursday, April 17th. The scientific and technical instruments company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.22. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. The firm had revenue of $222.21 million during the quarter, compared to analyst estimates of $220.39 million. During the same quarter in the prior year, the business posted $0.99 EPS. On average, research analysts anticipate that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.34 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.36 annualized dividend and a dividend yield of 0.55%. Badger Meter’s payout ratio is 29.96%.

Insider Transactions at Badger Meter

In related news, VP Karen M. Bauer sold 1,147 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $209.74, for a total transaction of $240,571.78. Following the completion of the transaction, the vice president now owns 5,076 shares in the company, valued at approximately $1,064,640.24. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kenneth Bockhorst sold 16,073 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $209.74, for a total transaction of $3,371,151.02. Following the transaction, the chief executive officer now owns 34,961 shares of the company’s stock, valued at approximately $7,332,720.14. The trade was a 31.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,949 shares of company stock worth $4,398,407 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Badger Meter Company 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.