Envestnet Asset Management Inc. Sells 6,562 Shares of Badger Meter, Inc. (NYSE:BMI)

Envestnet Asset Management Inc. reduced its stake in Badger Meter, Inc. ( NYSE:BMI – Free Report ) by 8.

9% during the fourth quarter, Holdings Channel.com reports. The firm owned 67,267 shares of the scientific and technical instruments company’s stock after selling 6,562 shares during the quarter.



Envestnet Asset Management Inc.’s holdings in Badger Meter were worth $14,269,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds also recently bought and sold shares of BMI.

R Squared Ltd bought a new stake in shares of Badger Meter during the 4th quarter valued at $28,000. Principal Securities Inc. increased its stake in Badger Meter by 2,457.

1% in the 4th quarter. Principal Securities Inc. now owns 179 shares of the scientific and technical instruments company’s stock worth $38,000 after buying an additional 172 shares in the last quarter.

Heck Capital Advisors LLC bought a new stake in Badger Meter during the fourth quarter valued at about $39,000. ORG Partners LLC purchased a new position in shares of Badger Meter in the fourth quarter valued at about $42,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Badger Meter by 261.

8% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the scientific and technical instruments company’s stock worth $128,000 after acquiring an additional 432 shares during the period. 89.

01% of the stock is currently owned by hedge funds and other institutional investors. Badger Meter Price Performance Shares of BMI opened at $184.54 on Thursday.

The business’s 50 day simple moving average is $199.10 and its 200-day simple moving average is $210.46.

Badger Meter, Inc. has a 1 year low of $152.52 and a 1 year high of $239.

11. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 43.

63, a price-to-earnings-growth ratio of 3.89 and a beta of 0.84.

Badger Meter Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.34 per share.

The ex-dividend date was Friday, February 28th. This represents a $1.36 dividend on an annualized basis and a yield of 0.

74%. Badger Meter’s dividend payout ratio (DPR) is presently 32.15%.

Insider Activity In related news, CEO Kenneth Bockhorst sold 16,073 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $209.74, for a total value of $3,371,151.

02. Following the completion of the sale, the chief executive officer now directly owns 34,961 shares in the company, valued at $7,332,720.14.

This trade represents a 31.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .

Also, VP Karen M. Bauer sold 1,147 shares of Badger Meter stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $209.

74, for a total transaction of $240,571.78. Following the transaction, the vice president now directly owns 5,076 shares of the company’s stock, valued at $1,064,640.

24. The trade was a 18.43 % decrease in their ownership of the stock.

The disclosure for this sale can be found here . Insiders sold 20,949 shares of company stock valued at $4,398,407 in the last ninety days. Insiders own 0.

90% of the company’s stock. Wall Street Analyst Weigh In Several brokerages recently issued reports on BMI. Royal Bank of Canada began coverage on Badger Meter in a research note on Thursday, March 27th.

They set an “outperform” rating and a $251.00 target price on the stock. Maxim Group lifted their price objective on shares of Badger Meter from $235.

00 to $245.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Stifel Nicolaus dropped their target price on shares of Badger Meter from $209.

00 to $196.00 and set a “hold” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.

According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $222.60. Read Our Latest Stock Analysis on BMI Badger Meter Company Profile ( 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. Further Reading Want to see what other hedge funds are holding BMI? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Badger Meter, Inc. ( NYSE:BMI – Free Report ). Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.

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