Segall Bryant & Hamill LLC Buys 1,669 Shares of Badger Meter, Inc. (NYSE:BMI)

Segall Bryant & Hamill LLC raised its stake in Badger Meter, Inc. (NYSE:BMI) by 3.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 45,496 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,669 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Badger Meter were worth $9,937,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Badger Meter by 1,016.7% in the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock valued at $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 lifted its holdings 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 worth $93,000 after purchasing an additional 158 shares in the last quarter. CWM LLC grew its position 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 valued at $107,000 after purchasing an additional 167 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in Badger Meter in the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BMI. Robert W. Baird raised their price objective 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. 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 research report on Friday, October 18th. Stifel Nicolaus boosted their price objective on Badger Meter from $189.00 to $203.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Badger Meter has an average rating of “Hold” and an average target price of $214.75.

Badger Meter Stock Performance

Shares of BMI stock opened at $219.05 on Friday. Badger Meter, Inc. has a 52-week low of $139.50 and a 52-week high of $230.76. The company has a 50-day simple moving average of $214.79 and a two-hundred day simple moving average of $201.66. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 54.40, a PEG ratio of 2.65 and a beta of 0.78.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The business had revenue of $208.44 million for the quarter, compared to analysts’ expectations of $212.08 million. Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. On average, sell-side analysts forecast that Badger Meter, Inc. will post 4.19 EPS for the current fiscal year.

Badger Meter Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.34 per share. The ex-dividend date is Friday, November 22nd. This represents a $1.36 annualized dividend and a yield of 0.62%. Badger Meter’s payout ratio is currently 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.