Badger Meter, Inc. (NYSE:BMI) Stake Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Badger Meter, Inc. (NYSE:BMIFree Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,004 shares of the scientific and technical instruments company’s stock after buying an additional 4,766 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.98% of Badger Meter worth $44,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Badger Meter in the 4th quarter valued at about $33,000. GAMMA Investing LLC purchased a new stake in Badger Meter in the 4th quarter worth approximately $40,000. Planned Solutions Inc. acquired a new stake in shares of Badger Meter during the 4th quarter valued at $45,000. AdvisorNet Financial Inc grew its holdings in shares of Badger Meter by 8,666.7% during the 4th quarter. AdvisorNet Financial Inc now owns 526 shares of the scientific and technical instruments company’s stock valued at $81,000 after acquiring an additional 520 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Badger Meter by 2,392.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 698 shares of the scientific and technical instruments company’s stock worth $108,000 after acquiring an additional 670 shares during the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Badger Meter

In other news, VP Fred J. Begale sold 1,203 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $162.92, for a total transaction of $195,992.76. Following the completion of the transaction, the vice president now directly owns 2,181 shares in the company, valued at $355,328.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Fred J. Begale sold 1,203 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $162.92, for a total value of $195,992.76. Following the sale, the vice president now owns 2,181 shares in the company, valued at $355,328.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP William R. A. Bergum sold 194 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $159.55, for a total transaction of $30,952.70. Following the transaction, the vice president now owns 13,672 shares of the company’s stock, valued at $2,181,367.60. The disclosure for this sale can be found here. Insiders have sold 2,813 shares of company stock valued at $448,167 in the last 90 days. 0.80% of the stock is currently owned by insiders.

Badger Meter Stock Up 0.4 %

NYSE:BMI opened at $197.21 on Friday. The company’s 50 day moving average is $170.86 and its 200-day moving average is $157.84. Badger Meter, Inc. has a 12 month low of $134.06 and a 12 month high of $199.40. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 56.83, a P/E/G ratio of 3.24 and a beta of 0.82.

Badger Meter (NYSE:BMIGet Free Report) last announced its earnings results on Thursday, April 18th. The scientific and technical instruments company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.82 by $0.17. Badger Meter had a net margin of 13.81% and a return on equity of 20.26%. The firm had revenue of $196.80 million for the quarter, compared to the consensus estimate of $182.25 million. During the same quarter last year, the firm posted $0.66 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Research analysts predict that Badger Meter, Inc. will post 3.89 EPS for the current fiscal year.

Badger Meter Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.08 annualized dividend and a yield of 0.55%. Badger Meter’s payout ratio is 31.12%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BMI. Stifel Nicolaus lifted their price objective on Badger Meter from $147.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Robert W. Baird boosted their price target on Badger Meter from $151.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. Maxim Group increased their price objective on Badger Meter from $190.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, April 19th. StockNews.com downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Northcoast Research upgraded shares of Badger Meter from a “sell” rating to a “neutral” rating in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $164.80.

Check Out Our Latest Stock Report on BMI

About Badger Meter

(Free Report)

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.

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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