Robeco Institutional Asset Management B.V. Has $2.28 Million Holdings in Badger Meter, Inc. (NYSE:BMI)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 12.0% in the 3rd quarter, Holdings Channel reports. The fund owned 10,431 shares of the scientific and technical instruments company’s stock after selling 1,429 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Badger Meter were worth $2,278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Interstate Bank increased its position in Badger Meter by 38.8% during the 3rd quarter. First Interstate Bank now owns 2,423 shares of the scientific and technical instruments company’s stock worth $529,000 after purchasing an additional 677 shares in the last quarter. Oak Ridge Investments LLC bought a new stake in shares of Badger Meter during the third quarter worth $2,393,000. Congress Asset Management Co. increased its holdings in shares of 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 buying an additional 7,967 shares in the last quarter. Cavalier Investments LLC lifted its stake in shares of Badger Meter by 6.3% in the 3rd quarter. Cavalier Investments LLC now owns 12,871 shares of the scientific and technical instruments company’s stock valued at $2,811,000 after acquiring an additional 759 shares during the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of Badger Meter during the 3rd quarter valued at $262,000. Institutional investors own 89.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com cut Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus raised their price objective on shares of Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Argus boosted their target price on shares of Badger Meter from $204.00 to $218.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Robert W. Baird raised their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Maxim Group boosted their price objective on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $214.75.

Badger Meter Stock Performance

Badger Meter stock opened at $223.47 on Friday. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 2.81 and a beta of 0.78. Badger Meter, Inc. has a 52-week low of $139.50 and a 52-week high of $230.76. The firm has a 50 day moving average price of $211.16 and a two-hundred day moving average price of $199.77.

Badger Meter (NYSE:BMI) last released its earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The firm had revenue of $208.44 million during the quarter, compared to analyst estimates of $212.08 million. During the same quarter in the previous year, the firm earned $0.88 EPS. Badger Meter’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that Badger Meter, Inc. will post 4.19 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.61%. Badger Meter’s dividend payout ratio is currently 33.75%.

Insiders Place Their Bets

In other Badger Meter news, VP Kimberly K. Stoll sold 1,097 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $205.00, for a total value of $224,885.00. Following the transaction, the vice president now directly owns 3,861 shares of the company’s stock, valued at approximately $791,505. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

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.