1 week Ago By ABMN Staff
Wellington Management Group LLP boosted its holdings in Badger Meter, Inc. ( NYSE:BMI – Free Report ) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The fund owned 20,140 shares of the scientific and technical instruments company’s stock after purchasing an additional 84 shares during the period. Wellington Management Group LLP owned about 0.07% of Badger Meter worth $4,272,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BMI. Norges Bank bought a new position in Badger Meter during the fourth quarter valued at about $94,547,000. Pictet Asset Management Holding SA boosted its stake in Badger Meter by 5,897.
0% in the fourth quarter. Pictet Asset Management Holding SA now owns 235,322 shares of the scientific and technical instruments company’s stock valued at $49,917,000 after acquiring an additional 231,398 shares during the last quarter. Raymond James Financial Inc.
bought a new position in shares of Badger Meter during the 4th quarter valued at approximately $20,586,000. Congress Asset Management Co. increased its stake in shares of Badger Meter by 23.
1% during the 4th quarter. Congress Asset Management Co. now owns 363,164 shares of the scientific and technical instruments company’s stock worth $77,034,000 after purchasing an additional 68,137 shares during the last quarter.
Finally, Perpetual Ltd bought a new stake in shares of Badger Meter in the 4th quarter worth approximately $10,462,000. Institutional investors own 89.01% of the company’s stock.
Insider Buying and Selling at Badger Meter In other news, VP William R. A. Bergum sold 2,416 shares of Badger Meter stock in a transaction dated Friday, February 28th.
The stock was sold at an average price of $210.33, for a total transaction of $508,157.28.
Following the completion of the sale, the vice president now owns 14,199 shares in the company, valued at approximately $2,986,475.67. This trade represents a 14.
54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, VP Karen M.
Bauer sold 1,147 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 5,076 shares in the company, valued at approximately $1,064,640.24.
This trade represents a 18.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 20,949 shares of company stock valued at $4,398,407 in the last three months. Company insiders own 0.80% of the company’s stock.
Badger Meter Stock Performance Badger Meter ( NYSE:BMI – Get Free Report ) last announced its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.
01 by $0.03. Badger Meter had a return on equity of 21.
77% and a net margin of 15.12%. On average, sell-side analysts predict that Badger Meter, Inc.
will post 4.65 EPS for the current year. Badger Meter Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Shareholders of record on Friday, February 28th were issued a $0.34 dividend. This represents a $1.
36 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, February 28th.
Badger Meter’s payout ratio is 32.15%. Analyst Ratings Changes BMI has been the subject of several research reports.
Stifel Nicolaus increased their price objective on Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a report on Monday, February 3rd.
Royal Bank of Canada assumed coverage on Badger Meter in a research note on Thursday, March 27th. They set an “outperform” rating and a $251.00 price target for the company.
Finally, Maxim Group boosted their price objective on Badger Meter from $235.00 to $245.00 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $225.
20. Check Out Our Latest Stock Analysis on BMI Badger Meter 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. Featured Stories 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.com's FREE daily email newsletter .
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