Lbp Am Sa Takes $6.74 Million Position in Badger Meter, Inc. $BMI

Lbp Am Sa purchased a new position in Badger Meter, Inc. (NYSE:BMI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,713 shares of the scientific and technical instruments company’s stock, valued at approximately $6,735,000. Lbp Am Sa owned 0.13% of Badger Meter as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Badger Meter by 148.3% in the second quarter. Franklin Resources Inc. now owns 48,190 shares of the scientific and technical instruments company’s stock valued at $11,804,000 after acquiring an additional 28,779 shares during the last quarter. Truist Financial Corp boosted its stake in Badger Meter by 4.6% in the second quarter. Truist Financial Corp now owns 24,784 shares of the scientific and technical instruments company’s stock valued at $6,071,000 after buying an additional 1,088 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Badger Meter in the second quarter valued at about $343,000. Commonwealth Equity Services LLC raised its stake in Badger Meter by 13.5% during the third quarter. Commonwealth Equity Services LLC now owns 70,488 shares of the scientific and technical instruments company’s stock worth $12,588,000 after acquiring an additional 8,387 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in Badger Meter by 43.7% in the third quarter. Boston Trust Walden Corp now owns 330,039 shares of the scientific and technical instruments company’s stock valued at $58,938,000 after buying an additional 100,298 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Price Performance

Shares of BMI opened at $173.67 on Tuesday. Badger Meter, Inc. has a one year low of $162.17 and a one year high of $256.08. The company has a market cap of $5.12 billion, a PE ratio of 36.95, a P/E/G ratio of 2.57 and a beta of 0.91. The stock has a 50-day moving average of $176.46 and a 200-day moving average of $183.65.

Badger Meter Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on BMI. Robert W. Baird set a $205.00 price target on shares of Badger Meter and gave the stock a “neutral” rating in a research report on Monday, October 20th. Barclays set a $157.00 target price on shares of Badger Meter and gave the company an “underweight” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. decreased their price target on Badger Meter from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Stifel Nicolaus raised Badger Meter from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $208.00 to $215.00 in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada set a $229.00 target price on Badger Meter and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Badger Meter presently has an average rating of “Moderate Buy” and an average price target 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.