Badger Meter, Inc. (NYSE:BMI) Shares Sold by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. lowered its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,943 shares of the scientific and technical instruments company’s stock after selling 66 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Badger Meter were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC grew its position in shares of Badger Meter by 0.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 6,204 shares of the scientific and technical instruments company’s stock worth $1,316,000 after buying an additional 50 shares in the last quarter. HighTower Advisors LLC lifted its stake in Badger Meter by 1.1% during the third quarter. HighTower Advisors LLC now owns 5,312 shares of the scientific and technical instruments company’s stock worth $1,165,000 after purchasing an additional 56 shares during the last quarter. Private Advisor Group LLC lifted its stake in 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 last quarter. Synovus Financial Corp lifted its stake in Badger Meter by 4.6% during the third quarter. Synovus Financial Corp now owns 2,211 shares of the scientific and technical instruments company’s stock worth $483,000 after purchasing an additional 98 shares during the last quarter. Finally, R Squared Ltd bought a new position in Badger Meter during the fourth quarter worth $28,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised their price objective on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Maxim Group raised their price objective on Badger Meter from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $218.75.

Badger Meter Stock Performance

BMI stock opened at $214.78 on Thursday. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 50.78, a PEG ratio of 3.85 and a beta of 0.78. Badger Meter, Inc. has a 1 year low of $147.96 and a 1 year high of $239.11. The stock’s fifty day moving average is $217.06 and its two-hundred day moving average is $212.12.

Badger Meter (NYSE:BMI) last posted its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. As a group, analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

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.