Northstar Asset Management Inc. Sells 961 Shares of Badger Meter, Inc. (NYSE:BMI)

Northstar Asset Management Inc. decreased its position in Badger Meter, Inc. (NYSE:BMI) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,459 shares of the scientific and technical instruments company’s stock after selling 961 shares during the quarter. Northstar Asset Management Inc. owned approximately 0.08% of Badger Meter worth $4,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Asset Management Co. boosted its holdings in Badger Meter by 23.1% in the fourth quarter. Congress Asset Management Co. now owns 363,164 shares of the scientific and technical instruments company’s stock worth $77,034,000 after purchasing an additional 68,137 shares during the last quarter. Perpetual Ltd bought a new stake in Badger Meter in the fourth quarter worth $10,462,000. Barclays PLC increased its position in shares of Badger Meter by 348.5% during the 3rd quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock valued at $12,034,000 after purchasing an additional 42,806 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Badger Meter during the third quarter valued at approximately $5,285,000. Finally, Algert Global LLC lifted its holdings in Badger Meter by 39.3% during the 3rd quarter. Algert Global LLC now owns 77,333 shares of the scientific and technical instruments company’s stock valued at $16,890,000 after buying an additional 21,799 shares in the last quarter. Institutional investors own 89.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BMI. Stifel Nicolaus increased their target price on Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Maxim Group raised their target price on Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four 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, the company presently has an average rating of “Hold” and an average price target of $218.75.

Badger Meter Stock Down 1.0 %

Shares of NYSE BMI opened at $217.01 on Tuesday. The business has a 50-day moving average price of $216.60 and a 200 day moving average price of $212.46. The stock has a market cap of $6.38 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78. Badger Meter, Inc. has a 52-week low of $150.87 and a 52-week high of $239.11.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data 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%. Sell-side analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.63%. Badger Meter’s dividend payout ratio is currently 32.15%.

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.