Tower View Wealth Management LLC Grows Stock Holdings in Badger Meter, Inc. $BMI

Tower View Wealth Management LLC lifted its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,746 shares of the scientific and technical instruments company’s stock after acquiring an additional 73 shares during the quarter. Badger Meter makes up approximately 1.9% of Tower View Wealth Management LLC’s holdings, making the stock its 24th biggest holding. Tower View Wealth Management LLC owned about 0.05% of Badger Meter worth $3,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BMI. Invesco Ltd. increased its holdings in Badger Meter by 25.9% during the 1st quarter. Invesco Ltd. now owns 630,891 shares of the scientific and technical instruments company’s stock worth $120,027,000 after purchasing an additional 129,945 shares during the period. Congress Asset Management Co. increased its stake in shares of Badger Meter by 2.1% during the second quarter. Congress Asset Management Co. now owns 407,059 shares of the scientific and technical instruments company’s stock valued at $99,709,000 after buying an additional 8,471 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Badger Meter in the first quarter valued at about $65,448,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Badger Meter by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,039 shares of the scientific and technical instruments company’s stock valued at $58,034,000 after acquiring an additional 8,345 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Badger Meter by 1.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 291,637 shares of the scientific and technical instruments company’s stock worth $55,484,000 after acquiring an additional 4,807 shares in the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BMI shares. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Stifel Nicolaus set a $224.00 target price on Badger Meter in a report on Wednesday, July 23rd. Royal Bank Of Canada cut their price target on Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on Badger Meter in a research report on Tuesday, September 9th. They issued an “overweight” rating and a $230.00 price target for the company. Finally, Robert W. Baird raised their price objective on Badger Meter from $216.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Badger Meter presently has a consensus rating of “Hold” and an average target price of $237.00.

Badger Meter Trading Up 1.7%

Shares of BMI opened at $179.74 on Friday. The firm has a market cap of $5.30 billion, a PE ratio of 39.16, a P/E/G ratio of 3.13 and a beta of 0.90. Badger Meter, Inc. has a 12 month low of $162.17 and a 12 month high of $256.08. The stock has a fifty day moving average price of $183.37 and a 200-day moving average price of $209.68.

Badger Meter (NYSE:BMI) last announced its earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). Badger Meter had a return on equity of 21.57% and a net margin of 15.53%.The business had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $235.38 million. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, research analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current year.

Badger Meter Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 22nd. This is an increase from Badger Meter’s previous quarterly dividend of $0.34. Badger Meter’s payout ratio is 34.86%.

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.