Intech Investment Management LLC Sells 14,901 Shares of Badger Meter, Inc. $BMI

by · The Markets Daily

Intech Investment Management LLC decreased its position in shares of Badger Meter, Inc. (NYSE:BMI – Free Report) by 39.4% during the fourth quarter, Holdings Channel reports. The fund owned 22,945 shares of the scientific and technical instruments company’s stock after selling 14,901 shares during the period. Intech Investment Management LLC’s holdings in Badger Meter were worth $4,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BMI. Brighton Jones LLC purchased a new position in shares of Badger Meter during the 4th quarter worth approximately $227,000. NewEdge Advisors LLC grew its holdings in shares of Badger Meter by 328.0% during the 1st quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock worth $717,000 after acquiring an additional 2,886 shares during the period. Cetera Investment Advisers grew its holdings in shares of Badger Meter by 10.6% during the 2nd quarter. Cetera Investment Advisers now owns 2,334 shares of the scientific and technical instruments company’s stock worth $572,000 after acquiring an additional 223 shares during the period. M&T Bank Corp purchased a new position in shares of Badger Meter during the 2nd quarter worth approximately $200,000. Finally, California Public Employees Retirement System grew its holdings in shares of Badger Meter by 11.2% during the 2nd quarter. California Public Employees Retirement System now owns 50,225 shares of the scientific and technical instruments company’s stock worth $12,303,000 after acquiring an additional 5,041 shares during the period. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BMI. Argus downgraded Badger Meter from a “buy” rating to a “hold” rating in a report on Monday, February 2nd. Maxim Group downgraded Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen upgraded Badger Meter from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. JPMorgan Chase & Co. reduced their target price on Badger Meter from $190.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Finally, Zacks Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $155.86.

Read Our Latest Stock Report on Badger Meter

Badger Meter Trading Down 1.0%

Shares of BMI opened at $122.67 on Tuesday. The business’s fifty day simple moving average is $133.87 and its two-hundred day simple moving average is $154.94. Badger Meter, Inc. has a 12 month low of $112.09 and a 12 month high of $256.08. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 2.22 and a beta of 0.68.

Badger Meter (NYSE:BMI – Get Free Report) last issued its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 EPS for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The business had revenue of $220.71 million for the quarter. As a group, research analysts forecast that Badger Meter, Inc. will post 4.51 EPS for the current year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 22nd. Badger Meter’s dividend payout ratio (DPR) is currently 36.12%.

Insider Buying and Selling at Badger Meter

In other Badger Meter news, VP Edward F. Callahan bought 858 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were acquired at an average cost of $116.30 per share, for a total transaction of $99,785.40. Following the purchase, the vice president owned 1,186 shares in the company, valued at approximately $137,931.80. This trade represents a 261.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christina M. Tarantino bought 870 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were acquired at an average price of $113.80 per share, for a total transaction of $99,006.00. Following the completion of the purchase, the vice president owned 1,801 shares in the company, valued at approximately $204,953.80. The trade was a 93.45% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 6,628 shares of company stock worth $777,128. Insiders own 1.00% of the company’s stock.

About Badger Meter

(Free Report)

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.

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