Badger Meter, Inc. (NYSE:BMI) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its position in Badger Meter, Inc. (NYSE:BMI) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,136 shares of the scientific and technical instruments company’s stock after selling 803 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Badger Meter were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System boosted its holdings in shares of Badger Meter by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 44,932 shares of the scientific and technical instruments company’s stock valued at $9,531,000 after acquiring an additional 593 shares during the last quarter. Schroder Investment Management Group lifted its position in Badger Meter by 74.4% during the fourth quarter. Schroder Investment Management Group now owns 5,945 shares of the scientific and technical instruments company’s stock valued at $1,274,000 after purchasing an additional 2,536 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Badger Meter by 5.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 135,696 shares of the scientific and technical instruments company’s stock valued at $28,784,000 after purchasing an additional 6,980 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Badger Meter by 5,897.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 235,322 shares of the scientific and technical instruments company’s stock valued at $49,917,000 after purchasing an additional 231,398 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Badger Meter during the 4th quarter worth about $354,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Insider Buying and Selling

In other Badger Meter news, VP Karen M. Bauer sold 1,147 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $209.74, for a total transaction of $240,571.78. Following the completion of the sale, the vice president now directly owns 5,076 shares in the company, valued at approximately $1,064,640.24. The trade was a 18.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William R. A. Bergum sold 148 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $212.13, for a total value of $31,395.24. Following the completion of the transaction, the vice president now owns 14,051 shares in the company, valued at approximately $2,980,638.63. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,949 shares of company stock worth $4,398,407 in the last 90 days. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BMI shares. Royal Bank of Canada assumed coverage on Badger Meter in a report on Thursday, March 27th. They issued an “outperform” rating and a $251.00 price objective for the company. Maxim Group boosted their price target on Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus raised their price objective 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Badger Meter presently has a consensus rating of “Hold” and a consensus target price of $225.20.

Badger Meter Trading Down 0.0 %

Shares of BMI stock opened at $172.73 on Tuesday. Badger Meter, Inc. has a 12-month low of $151.18 and a 12-month high of $239.11. The business’s 50 day moving average is $204.93 and its two-hundred day moving average is $212.59. The company has a market capitalization of $5.08 billion, a P/E ratio of 40.83, a P/E/G ratio of 3.89 and a beta of 0.84.

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 analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. On average, research analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.79%. Badger Meter’s dividend payout ratio is currently 32.15%.

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.