Transcendent Capital Group LLC Buys Shares of 1,526 Badger Meter, Inc. (NYSE:BMI)

Transcendent Capital Group LLC bought a new stake in shares of Badger Meter, Inc. (NYSE:BMIFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,526 shares of the scientific and technical instruments company’s stock, valued at approximately $236,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Badger Meter during the 4th quarter valued at $47,359,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Badger Meter by 851.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 141,591 shares of the scientific and technical instruments company’s stock valued at $21,585,000 after acquiring an additional 126,707 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Badger Meter by 33.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 397,614 shares of the scientific and technical instruments company’s stock valued at $61,380,000 after acquiring an additional 100,304 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Badger Meter by 8.6% during the 3rd quarter. Invesco Ltd. now owns 1,024,305 shares of the scientific and technical instruments company’s stock valued at $147,367,000 after acquiring an additional 80,979 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Badger Meter by 29.8% during the 4th quarter. KBC Group NV now owns 324,720 shares of the scientific and technical instruments company’s stock valued at $50,127,000 after acquiring an additional 74,578 shares in the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.

Badger Meter Stock Performance

Shares of BMI traded down $2.35 during trading hours on Friday, reaching $186.47. 100,218 shares of the company traded hands, compared to its average volume of 136,211. Badger Meter, Inc. has a 1-year low of $134.06 and a 1-year high of $202.81. The stock has a market cap of $5.48 billion, a P/E ratio of 53.74, a price-to-earnings-growth ratio of 3.08 and a beta of 0.81. The stock’s fifty day moving average is $184.63 and its 200 day moving average is $164.46.

Badger Meter (NYSE:BMIGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The scientific and technical instruments company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.17. The firm had revenue of $196.80 million during the quarter, compared to analyst estimates of $182.25 million. Badger Meter had a net margin of 13.81% and a return on equity of 20.26%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts predict that Badger Meter, Inc. will post 3.89 EPS for the current year.

Badger Meter Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.08 annualized dividend and a yield of 0.58%. Badger Meter’s dividend payout ratio is 31.12%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BMI. Maxim Group upped their price objective on shares of Badger Meter from $190.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Robert W. Baird upped their price objective on shares of Badger Meter from $151.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, April 19th. StockNews.com lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus boosted their target price on shares of Badger Meter from $147.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Northcoast Research raised shares of Badger Meter from a “sell” rating to a “neutral” rating in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $164.80.

Get Our Latest Analysis on BMI

Badger Meter Company Profile

(Free Report)

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.

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

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