4,509 Shares in Badger Meter, Inc. (NYSE:BMI) Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new position in shares of Badger Meter, Inc. (NYSE:BMI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,509 shares of the scientific and technical instruments company’s stock, valued at approximately $936,000.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Badger Meter by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 338,198 shares of the scientific and technical instruments company’s stock valued at $73,866,000 after acquiring an additional 19,848 shares during the last quarter. KBC Group NV increased its position in Badger Meter by 0.8% during the third quarter. KBC Group NV now owns 331,769 shares of the scientific and technical instruments company’s stock worth $72,462,000 after purchasing an additional 2,515 shares during the last quarter. Congress Asset Management Co. increased its stake in Badger Meter by 2.8% during the third quarter. Congress Asset Management Co. now owns 295,027 shares of the scientific and technical instruments company’s stock worth $64,437,000 after acquiring an additional 7,967 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Badger Meter by 66.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 128,651 shares of the scientific and technical instruments company’s stock worth $23,974,000 after purchasing an additional 51,318 shares during the period. Finally, Millennium Management LLC increased its position in Badger Meter by 86.2% during the 2nd quarter. Millennium Management LLC now owns 100,788 shares of the scientific and technical instruments company’s stock worth $18,782,000 after purchasing an additional 46,650 shares in the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BMI shares. Stifel Nicolaus lifted their target price on shares of Badger Meter from $203.00 to $208.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Maxim Group lifted their target price on Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Robert W. Baird raised their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $216.00.

Badger Meter Trading Up 0.5 %

Shares of Badger Meter stock opened at $215.06 on Tuesday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 2.30 and a beta of 0.79. Badger Meter, Inc. has a twelve month low of $139.50 and a twelve month high of $239.11. The business’s 50 day simple moving average is $218.41 and its 200-day simple moving average is $209.99.

Badger Meter Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, November 22nd. Badger Meter’s dividend payout ratio is presently 33.75%.

Badger Meter Profile

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.