Hsbc Holdings PLC Sells 9,796 Shares of Badger Meter, Inc. (NYSE:BMI)

Hsbc Holdings PLC trimmed its stake in Badger Meter, Inc. (NYSE:BMI) by 67.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,672 shares of the scientific and technical instruments company’s stock after selling 9,796 shares during the period. Hsbc Holdings PLC’s holdings in Badger Meter were worth $875,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BMI. Bessemer Group Inc. grew its holdings in shares of Badger Meter by 2,633.3% in the 1st quarter. Bessemer Group Inc. now owns 492 shares of the scientific and technical instruments company’s stock worth $80,000 after purchasing an additional 474 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Badger Meter by 46.3% during the second quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company’s stock worth $93,000 after buying an additional 158 shares in the last quarter. CWM LLC boosted its holdings in shares of Badger Meter by 40.9% in the 2nd quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after acquiring an additional 167 shares in the last quarter. SYSTM Wealth Solutions LLC grew its position in Badger Meter by 9.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 615 shares of the scientific and technical instruments company’s stock worth $100,000 after acquiring an additional 55 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its position in Badger Meter by 91,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 916 shares of the scientific and technical instruments company’s stock valued at $154,000 after purchasing an additional 915 shares during the last quarter. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Badger Meter

In related news, VP Kimberly K. Stoll sold 1,097 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total value of $224,885.00. Following the completion of the sale, the vice president now owns 3,861 shares in the company, valued at approximately $791,505. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.80% of the company’s stock.

Badger Meter Stock Up 0.3 %

BMI stock opened at $216.24 on Friday. Badger Meter, Inc. has a twelve month low of $134.06 and a twelve month high of $220.25. The company has a market cap of $6.36 billion, a P/E ratio of 62.32, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. The business’s fifty day moving average is $202.80 and its 200-day moving average is $188.23.

Badger Meter (NYSE:BMI) last issued its earnings results on Friday, July 19th. The scientific and technical instruments company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The firm had revenue of $216.70 million for the quarter, compared to analysts’ expectations of $203.39 million. Badger Meter had a return on equity of 21.42% and a net margin of 14.44%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. Research analysts anticipate that Badger Meter, Inc. will post 4.09 earnings per share for the current fiscal year.

Badger Meter Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.63%. The ex-dividend date was Friday, August 23rd. This is an increase from Badger Meter’s previous quarterly dividend of $0.27. Badger Meter’s dividend payout ratio is presently 39.19%.

Analyst Upgrades and Downgrades

BMI has been the subject of a number of research reports. Robert W. Baird raised their target price on Badger Meter from $180.00 to $184.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Stifel Nicolaus boosted their target price on shares of Badger Meter from $175.00 to $192.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. StockNews.com cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Argus boosted their price objective on shares of Badger Meter from $204.00 to $218.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Badger Meter presently has an average rating of “Hold” and an average price target of $184.20.

About Badger Meter

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.