Ameriprise Financial Inc. grew its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 4.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 160,105 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,528 shares during the period. Ameriprise Financial Inc. owned about 0.55% of Badger Meter worth $7,845,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Badger Meter by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock valued at $112,703,000 after acquiring an additional 33,137 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Badger Meter by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,658,855 shares of the scientific and technical instruments company’s stock valued at $66,105,000 after acquiring an additional 41,724 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Badger Meter by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock valued at $44,926,000 after acquiring an additional 10,712 shares during the last quarter. State Street Corp lifted its position in shares of Badger Meter by 4.7% during the 2nd quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock valued at $28,513,000 after acquiring an additional 32,322 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Badger Meter by 8.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 567,899 shares of the scientific and technical instruments company’s stock valued at $22,631,000 after acquiring an additional 44,702 shares during the last quarter. Institutional investors own 82.87% of the company’s stock.

Shares of Badger Meter, Inc. (NYSE BMI) opened at $47.60 on Monday. The stock has a market capitalization of $1,370.00, a price-to-earnings ratio of 41.39 and a beta of 0.67. Badger Meter, Inc. has a 1-year low of $34.40 and a 1-year high of $52.10.

Badger Meter (NYSE:BMI) last released its earnings results on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). The business had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $102.86 million. Badger Meter had a net margin of 8.39% and a return on equity of 12.62%. Badger Meter’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 EPS. sell-side analysts forecast that Badger Meter, Inc. will post 1.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.09%. Badger Meter’s payout ratio is currently 45.22%.

In related news, CFO Richard E. Johnson sold 7,200 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.55, for a total transaction of $327,960.00. Following the completion of the sale, the chief financial officer now directly owns 105,976 shares in the company, valued at $4,827,206.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Fred J. Begale sold 2,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.60, for a total value of $91,200.00. Following the sale, the vice president now owns 7,609 shares of the company’s stock, valued at $346,970.40. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on BMI. Zacks Investment Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective on shares of Badger Meter in a research report on Thursday, December 14th. Robert W. Baird reiterated a “hold” rating and set a $44.00 price objective on shares of Badger Meter in a research report on Tuesday, October 17th. Sidoti increased their price objective on Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Canaccord Genuity restated a “hold” rating and issued a $40.00 target price on shares of Badger Meter in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Badger Meter presently has a consensus rating of “Hold” and a consensus target price of $48.50.

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About Badger Meter

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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