Badger Meter, Inc. (NYSE:BMI) Stock Holdings Increased by Barclays PLC

Barclays PLC boosted its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 348.5% during the third quarter, HoldingsChannel.com reports. The firm owned 55,090 shares of the scientific and technical instruments company’s stock after acquiring an additional 42,806 shares during the period. Barclays PLC’s holdings in Badger Meter were worth $12,034,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of Badger Meter by 1,016.7% during the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock valued at $44,000 after buying an additional 183 shares during the period. CWM LLC raised its holdings in shares of Badger Meter by 40.9% during the second quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after acquiring an additional 167 shares in the last quarter. GAMMA Investing LLC boosted its position in Badger Meter by 61.3% during the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock valued at $176,000 after purchasing an additional 306 shares during the last quarter. Annex Advisory Services LLC purchased a new position in Badger Meter in the third quarter valued at about $204,000. Finally, Magnetar Financial LLC acquired a new position in Badger Meter in the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BMI shares. Stifel Nicolaus lifted their price target on Badger Meter from $203.00 to $208.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Maxim Group boosted their target price on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Four equities research 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 presently has a consensus rating of “Hold” and an average price target of $216.00.

Badger Meter Stock Performance

Shares of NYSE BMI opened at $226.31 on Monday. The business’s 50-day simple moving average is $217.22 and its 200-day simple moving average is $204.91. Badger Meter, Inc. has a 52 week low of $139.50 and a 52 week high of $239.11. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 56.16, a P/E/G ratio of 2.98 and a beta of 0.79.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.03). Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The company had revenue of $208.44 million for the quarter, compared to analyst estimates of $212.08 million. During the same quarter last year, the business earned $0.88 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Badger Meter, Inc. will post 4.19 earnings per share for the current year.

Badger Meter Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 0.60%. Badger Meter’s payout ratio is presently 33.75%.

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.