Badger Meter, Inc. $BMI Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its stake in Badger Meter, Inc. (NYSE:BMI) by 30.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,171 shares of the scientific and technical instruments company’s stock after buying an additional 4,267 shares during the period. Segall Bryant & Hamill LLC owned 0.06% of Badger Meter worth $3,245,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BMI. Brighton Jones LLC acquired a new position in shares of Badger Meter during the fourth quarter valued at $227,000. NewEdge Advisors LLC lifted its position in Badger Meter by 328.0% in the 1st quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock valued at $717,000 after purchasing an additional 2,886 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Badger Meter during the 2nd quarter valued at about $214,000. Atria Investments Inc boosted its stake in Badger Meter by 20.0% during the 2nd quarter. Atria Investments Inc now owns 3,385 shares of the scientific and technical instruments company’s stock valued at $829,000 after purchasing an additional 564 shares during the period. Finally, Strs Ohio grew its position in Badger Meter by 19.4% in the 2nd quarter. Strs Ohio now owns 3,700 shares of the scientific and technical instruments company’s stock worth $906,000 after purchasing an additional 600 shares during the last quarter. 89.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays set a $136.00 price target on Badger Meter and gave the company an “underweight” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $167.00 target price on shares of Badger Meter in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Badger Meter in a research report on Wednesday, January 21st. Zacks Research cut Badger Meter from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Argus lowered Badger Meter from a “buy” rating to a “hold” rating in a report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $181.88.

Badger Meter Stock Performance

Shares of NYSE BMI opened at $146.10 on Friday. The stock has a fifty day moving average price of $162.15 and a two-hundred day moving average price of $174.06. The firm has a market cap of $4.26 billion, a P/E ratio of 30.44, a PEG ratio of 2.39 and a beta of 0.87. Badger Meter, Inc. has a 1 year low of $139.14 and a 1 year high of $256.08.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.01). The firm had revenue of $220.71 million during the quarter, compared to the consensus estimate of $232.30 million. Badger Meter had a return on equity of 20.71% and a net margin of 15.45%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. On average, research analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, February 27th. Badger Meter’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling at Badger Meter

In related news, VP Kimberly K. Stoll sold 1,634 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $149.01, for a total value of $243,482.34. Following the sale, the vice president directly owned 3,256 shares in the company, valued at $485,176.56. The trade was a 33.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Fred J. Begale sold 2,064 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $150.00, for a total transaction of $309,600.00. Following the sale, the vice president directly owned 3,040 shares of the company’s stock, valued at approximately $456,000. This represents a 40.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,846 shares of company stock valued at $575,339 over the last 90 days. Insiders own 0.80% of the company’s stock.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.