Y Intercept Hong Kong Ltd Has $4.98 Million Holdings in Badger Meter, Inc. $BMI

Y Intercept Hong Kong Ltd grew its holdings in Badger Meter, Inc. (NYSE:BMI) by 3,088.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,901 shares of the scientific and technical instruments company’s stock after purchasing an additional 27,026 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.09% of Badger Meter worth $4,983,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BMI. State Street Corp grew its position in shares of Badger Meter by 1.4% during the 2nd quarter. State Street Corp now owns 1,462,807 shares of the scientific and technical instruments company’s stock worth $358,315,000 after buying an additional 20,122 shares during the period. Geode Capital Management LLC boosted its stake in Badger Meter by 2.3% in the second quarter. Geode Capital Management LLC now owns 876,519 shares of the scientific and technical instruments company’s stock valued at $215,464,000 after acquiring an additional 19,340 shares during the last quarter. Invesco Ltd. grew its holdings in Badger Meter by 27.1% during the 2nd quarter. Invesco Ltd. now owns 802,166 shares of the scientific and technical instruments company’s stock worth $196,491,000 after acquiring an additional 171,275 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Badger Meter by 78.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 612,809 shares of the scientific and technical instruments company’s stock valued at $150,108,000 after acquiring an additional 268,799 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Badger Meter by 108.2% in the 2nd quarter. Bank of America Corp DE now owns 342,099 shares of the scientific and technical instruments company’s stock valued at $83,797,000 after purchasing an additional 177,781 shares during the period. Institutional investors own 89.01% of the company’s stock.

Badger Meter Price Performance

Badger Meter stock opened at $169.51 on Friday. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $256.08. The company has a market capitalization of $5.00 billion, a P/E ratio of 36.07, a P/E/G ratio of 2.56 and a beta of 0.91. The business has a 50 day moving average of $176.48 and a 200-day moving average of $184.51.

Badger Meter Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 21st. Badger Meter’s dividend payout ratio (DPR) is currently 34.04%.

Analyst Upgrades and Downgrades

Several analysts have commented on BMI shares. Barclays set a $157.00 target price on shares of Badger Meter and gave the stock an “underweight” rating in a report on Wednesday, January 7th. Royal Bank Of Canada set a $229.00 price target on shares of Badger Meter and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus raised Badger Meter from a “hold” rating to a “buy” rating and raised their price objective for the company from $208.00 to $215.00 in a research report on Wednesday, October 22nd. Robert W. Baird set a $205.00 target price on shares of Badger Meter and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Jefferies Financial Group began coverage on shares of Badger Meter in a research report on Friday, December 12th. They set a “buy” rating and a $220.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.25.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.