Bryn Mawr Capital Management LLC Buys New Shares in Badger Meter, Inc. (NYSE:BMI)

Bryn Mawr Capital Management LLC bought a new stake in shares of Badger Meter, Inc. (NYSE:BMI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,615 shares of the scientific and technical instruments company’s stock, valued at approximately $767,000.

Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Badger Meter during the 4th quarter valued at $28,000. Principal Securities Inc. lifted its stake in shares of Badger Meter by 2,457.1% during the 4th quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company’s stock valued at $38,000 after buying an additional 172 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Badger Meter during the 4th quarter valued at $39,000. ORG Partners LLC purchased a new stake in Badger Meter in the 4th quarter worth $42,000. Finally, Blue Trust Inc. lifted its stake in Badger Meter by 1,016.7% in the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock worth $44,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Badger Meter Trading Down 3.7 %

Shares of NYSE BMI opened at $210.14 on Friday. The firm’s 50-day moving average price is $215.39 and its 200-day moving average price is $212.88. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 49.68, a P/E/G ratio of 3.93 and a beta of 0.78. Badger Meter, Inc. has a 12-month low of $150.87 and a 12-month high of $239.11.

Badger Meter (NYSE:BMI) last announced its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. On average, equities analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, February 28th. Badger Meter’s dividend payout ratio is 32.15%.

Analyst Ratings Changes

Several 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 stock a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus boosted their price target on shares of Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Badger Meter currently has an average rating of “Hold” and an average price target of $218.75.

Badger Meter 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.