Curi RMB Capital LLC Boosts Stake in Badger Meter, Inc. (NYSE:BMI)

Curi RMB Capital LLC boosted its holdings in Badger Meter, Inc. (NYSE:BMI) by 4.2% in the third quarter, HoldingsChannel.com reports. The firm owned 43,764 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,766 shares during the period. Curi RMB Capital LLC’s holdings in Badger Meter were worth $9,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Badger Meter by 1,016.7% during the third quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock worth $44,000 after buying an additional 183 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Badger Meter by 2,633.3% during the first quarter. Bessemer Group Inc. now owns 492 shares of the scientific and technical instruments company’s stock worth $80,000 after purchasing an additional 474 shares during the period. GAMMA Investing LLC boosted its position in shares of Badger Meter by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 158 shares during the period. CWM LLC increased its stake in Badger Meter by 40.9% in the 2nd quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 167 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in Badger Meter in the 3rd quarter worth approximately $204,000. Institutional investors own 89.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BMI shares. Stifel Nicolaus boosted their price objective on shares of Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Argus upped their target price on Badger Meter from $204.00 to $218.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com downgraded Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird lifted their target price on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Maxim Group raised 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $214.75.

Insider Activity

In other news, VP Kimberly K. Stoll sold 1,097 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total transaction of $224,885.00. Following the completion of the transaction, the vice president now directly owns 3,861 shares of the company’s stock, valued at $791,505. This represents a 22.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Badger Meter Price Performance

Shares of NYSE:BMI opened at $220.00 on Friday. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 54.59, a P/E/G ratio of 2.82 and a beta of 0.78. Badger Meter, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $230.76. The firm’s 50 day simple moving average is $212.68 and its 200 day simple moving average is $200.62.

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

Badger Meter Announces Dividend

The firm 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 dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, November 22nd. Badger Meter’s payout ratio is 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.