Rockefeller Capital Management L.P. Sells 3,060 Shares of Badger Meter, Inc. (NYSE:BMI)

Rockefeller Capital Management L.P. decreased its position in Badger Meter, Inc. (NYSE:BMI) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 260,321 shares of the scientific and technical instruments company’s stock after selling 3,060 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Badger Meter were worth $56,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Martingale Asset Management L P grew its position in shares of Badger Meter by 3.5% in the third quarter. Martingale Asset Management L P now owns 11,740 shares of the scientific and technical instruments company’s stock valued at $2,564,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Badger Meter by 26.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,270 shares of the scientific and technical instruments company’s stock valued at $18,187,000 after purchasing an additional 17,483 shares during the period. Townsquare Capital LLC boosted its stake in Badger Meter by 9.7% during the 3rd quarter. Townsquare Capital LLC now owns 15,664 shares of the scientific and technical instruments company’s stock valued at $3,421,000 after purchasing an additional 1,390 shares during the period. FMR LLC grew its holdings in Badger Meter by 20.8% in the 3rd quarter. FMR LLC now owns 39,142 shares of the scientific and technical instruments company’s stock valued at $8,549,000 after buying an additional 6,732 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in Badger Meter by 661.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,347 shares of the scientific and technical instruments company’s stock worth $294,000 after buying an additional 1,170 shares during the period. Institutional investors own 89.01% of the company’s stock.

Analyst Ratings Changes

BMI has been the subject of several research reports. Robert W. Baird increased their price objective on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Maxim Group increased their price target on shares of Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus raised their price target on shares of Badger Meter from $189.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. 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, Badger Meter has an average rating of “Hold” and a consensus target price of $214.75.

Badger Meter Stock Performance

Shares of BMI stock opened at $216.82 on Friday. Badger Meter, Inc. has a 52 week low of $139.50 and a 52 week high of $230.76. The stock has a market capitalization of $6.38 billion, a PE ratio of 53.80, a PEG ratio of 2.72 and a beta of 0.78. The stock’s fifty day moving average is $215.58 and its 200-day moving average is $202.76.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The company had revenue of $208.44 million for the quarter, compared to the consensus estimate of $212.08 million. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that Badger Meter, Inc. will post 4.19 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, November 22nd. Badger Meter’s dividend payout ratio (DPR) is presently 33.75%.

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.