Segall Bryant & Hamill LLC Has $9.94 Million Stock Position in Badger Meter, Inc. (NYSE:BMI)

Segall Bryant & Hamill LLC increased its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,496 shares of the scientific and technical instruments company’s stock after buying an additional 1,669 shares during the quarter. Segall Bryant & Hamill LLC owned 0.15% of Badger Meter worth $9,937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Badger Meter by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,674,493 shares of the scientific and technical instruments company’s stock valued at $594,570,000 after buying an additional 22,707 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Badger Meter by 15.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 22,636 shares of the scientific and technical instruments company’s stock valued at $4,218,000 after purchasing an additional 2,964 shares during the period. Private Advisor Group LLC increased its holdings in shares of Badger Meter by 4.5% during the third quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company’s stock worth $357,000 after purchasing an additional 71 shares during the period. Values First Advisors Inc. acquired a new stake in shares of Badger Meter in the second quarter valued at approximately $1,704,000. Finally, Tidal Investments LLC boosted its stake in shares of Badger Meter by 228.2% in the first quarter. Tidal Investments LLC now owns 8,590 shares of the scientific and technical instruments company’s stock valued at $1,390,000 after buying an additional 5,973 shares during the period. 89.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Maxim Group raised their price objective on Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Robert W. Baird raised their price target on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Stifel Nicolaus upped their price objective 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. Finally, StockNews.com lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $214.75.

Badger Meter Stock Up 1.1 %

Badger Meter stock opened at $219.05 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 54.40, a P/E/G ratio of 2.65 and a beta of 0.78. Badger Meter, Inc. has a 12-month low of $139.50 and a 12-month high of $230.76. The business’s 50-day moving average price is $214.79 and its two-hundred day moving average price is $201.66.

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

Badger Meter Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.34 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 0.62%. Badger Meter’s payout ratio is presently 33.75%.

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.