Burney Co. Invests $385,000 in Badger Meter, Inc. (NYSE:BMI)

Burney Co. acquired a new stake in shares of Badger Meter, Inc. (NYSE:BMI) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,815 shares of the scientific and technical instruments company’s stock, valued at approximately $385,000.

Several other institutional investors have also bought and sold shares of the stock. Private Advisor Group LLC raised its position in shares of Badger Meter by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company’s stock worth $357,000 after buying an additional 71 shares in the last quarter. Bridges Investment Management Inc. acquired a new position in shares of Badger Meter during the second quarter valued at approximately $577,000. Geneva Partners LLC bought a new stake in Badger Meter during the third quarter worth approximately $1,120,000. Susquehanna Fundamental Investments LLC lifted its position in Badger Meter by 72.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 19,783 shares of the scientific and technical instruments company’s stock worth $3,687,000 after purchasing an additional 8,298 shares during the period. Finally, Stifel Financial Corp boosted its stake in Badger Meter by 29.0% during the 3rd quarter. Stifel Financial Corp now owns 11,971 shares of the scientific and technical instruments company’s stock valued at $2,615,000 after purchasing an additional 2,692 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Stock Up 0.5 %

NYSE:BMI opened at $215.06 on Friday. The stock has a fifty day simple moving average of $218.65 and a 200 day simple moving average of $209.50. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 53.37, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79. Badger Meter, Inc. has a 1-year low of $139.50 and a 1-year high of $239.11.

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

Badger Meter Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter’s dividend payout ratio is 33.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Maxim Group upped 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. Finally, Stifel Nicolaus lifted their price objective on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $216.00.

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.