Inspire Investing LLC Has $1.34 Million Position in Badger Meter, Inc. (NYSE:BMI)

Inspire Investing LLC raised its stake in Badger Meter, Inc. (NYSE:BMIFree Report) by 176.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,132 shares of the scientific and technical instruments company’s stock after buying an additional 3,915 shares during the quarter. Inspire Investing LLC’s holdings in Badger Meter were worth $1,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of Badger Meter by 2,633.3% during the first quarter. Bessemer Group Inc. now owns 492 shares of the scientific and technical instruments company’s stock worth $80,000 after acquiring an additional 474 shares in the last quarter. GAMMA Investing LLC increased its position in Badger Meter by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 158 shares during the last quarter. CWM LLC raised its stake in shares of Badger Meter by 40.9% during the 2nd quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 167 shares in the last quarter. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of Badger Meter during the 3rd quarter valued at about $207,000. Finally, Strong Tower Advisory Services bought a new stake in shares of Badger Meter in the 3rd quarter valued at approximately $222,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Analyst Ratings Changes

BMI has been the topic of several recent research reports. Stifel Nicolaus raised their price objective on shares of Badger Meter from $175.00 to $192.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Argus raised their price target on shares of Badger Meter from $204.00 to $218.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Robert W. Baird upped their price objective on shares of Badger Meter from $180.00 to $184.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, StockNews.com lowered Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $200.25.

Read Our Latest Analysis on BMI

Badger Meter Trading Down 0.2 %

NYSE:BMI opened at $226.20 on Monday. The firm has a market capitalization of $6.65 billion, a PE ratio of 65.19, a PEG ratio of 3.07 and a beta of 0.77. Badger Meter, Inc. has a 1 year low of $134.06 and a 1 year high of $230.76. The firm’s fifty day simple moving average is $206.92 and its 200 day simple moving average is $193.12.

Badger Meter (NYSE:BMIGet Free Report) last issued its quarterly earnings results on Friday, July 19th. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. Badger Meter had a return on equity of 21.42% and a net margin of 14.44%. The company had revenue of $216.70 million for the quarter, compared to the consensus estimate of $203.39 million. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. As a group, analysts anticipate that Badger Meter, Inc. will post 4.1 EPS for the current fiscal year.

Badger Meter Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 23rd. This is a positive change from Badger Meter’s previous quarterly dividend of $0.27. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.60%. Badger Meter’s payout ratio is 39.19%.

Insider Activity

In related news, VP Kimberly K. Stoll sold 1,097 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total transaction of $224,885.00. Following the completion of the transaction, the vice president now directly owns 3,861 shares in the company, valued at $791,505. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by company insiders.

Badger Meter 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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