Badger Meter, Inc. (NYSE:BMI) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its position in shares of Badger Meter, Inc. (NYSE:BMI) by 4.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,844 shares of the scientific and technical instruments company’s stock after selling 1,818 shares during the quarter. Wilmington Savings Fund Society FSB owned about 0.13% of Badger Meter worth $8,027,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. TFG Advisers LLC grew its position in shares of Badger Meter by 47.7% during the fourth quarter. TFG Advisers LLC now owns 1,954 shares of the scientific and technical instruments company’s stock worth $415,000 after acquiring an additional 631 shares during the last quarter. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Badger Meter during the fourth quarter worth $705,000. River Street Advisors LLC increased its stake in shares of Badger Meter by 8.1% during the fourth quarter. River Street Advisors LLC now owns 4,682 shares of the scientific and technical instruments company’s stock worth $993,000 after acquiring an additional 352 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Badger Meter by 0.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 6,204 shares of the scientific and technical instruments company’s stock valued at $1,316,000 after buying an additional 50 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Badger Meter in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Trading Down 1.0 %

BMI stock opened at $213.82 on Friday. The firm’s 50-day moving average is $217.39 and its two-hundred day moving average is $211.72. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 50.55, a price-to-earnings-growth ratio of 2.36 and a beta of 0.78. Badger Meter, Inc. has a 52 week low of $143.61 and a 52 week high of $239.11.

Badger Meter (NYSE:BMI) last released its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, topping 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 research analysts predict that Badger Meter, Inc. will post 4.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BMI. Robert W. Baird upped their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Stifel Nicolaus lifted their price target on shares of Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Finally, Maxim Group lifted their price target on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $218.75.

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.