Badger Meter, Inc. (NYSE:BMI) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 51.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,723 shares of the scientific and technical instruments company’s stock after acquiring an additional 587 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Badger Meter were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Private Advisor Group LLC raised its position in shares of Badger Meter by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company’s stock worth $357,000 after purchasing an additional 71 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in shares of Badger Meter in the second quarter worth $577,000. Geneva Partners LLC purchased a new stake in shares of Badger Meter in the third quarter valued at $1,120,000. Susquehanna Fundamental Investments LLC boosted its stake in shares of Badger Meter by 72.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 19,783 shares of the scientific and technical instruments company’s stock valued at $3,687,000 after acquiring an additional 8,298 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Badger Meter during the second quarter valued at $230,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Maxim Group upped their target price on shares of Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Robert W. Baird upped their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus lifted their target price on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Badger Meter presently has a consensus rating of “Hold” and an average price target of $216.00.

Badger Meter Stock Up 1.8 %

NYSE:BMI opened at $230.37 on Tuesday. The company has a market cap of $6.78 billion, a P/E ratio of 57.16, a P/E/G ratio of 2.98 and a beta of 0.79. The firm’s 50 day moving average is $217.22 and its two-hundred day moving average is $204.91. Badger Meter, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $239.11.

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

Badger Meter Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $1.36 annualized dividend and a yield of 0.59%. Badger Meter’s payout ratio is 33.75%.

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.