Janney Montgomery Scott LLC Sells 271 Shares of Badger Meter, Inc. (NYSE:BMI)

Janney Montgomery Scott LLC cut its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,093 shares of the scientific and technical instruments company’s stock after selling 271 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Badger Meter were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in Badger Meter during the 2nd quarter worth approximately $314,000. CWM LLC grew its holdings in Badger Meter by 72.5% during the 3rd quarter. CWM LLC now owns 992 shares of the scientific and technical instruments company’s stock worth $217,000 after acquiring an additional 417 shares during the last quarter. Inspire Investing LLC grew its holdings in Badger Meter by 176.6% during the 3rd quarter. Inspire Investing LLC now owns 6,132 shares of the scientific and technical instruments company’s stock worth $1,339,000 after acquiring an additional 3,915 shares during the last quarter. Annex Advisory Services LLC bought a new stake in Badger Meter during the 3rd quarter worth approximately $204,000. Finally, Exchange Traded Concepts LLC grew its holdings in Badger Meter by 80.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 11,107 shares of the scientific and technical instruments company’s stock worth $2,426,000 after acquiring an additional 4,958 shares during the last quarter. 89.01% of the stock is owned by institutional investors.

Badger Meter Stock Down 1.0 %

Badger Meter stock opened at $213.82 on Monday. Badger Meter, Inc. has a 12-month low of $143.61 and a 12-month high of $239.11. The firm’s fifty day moving average is $217.33 and its 200 day moving average is $211.93. The company has a market capitalization of $6.29 billion, a PE ratio of 50.55, a PEG ratio of 3.85 and a beta of 0.78.

Badger Meter (NYSE:BMI) last released its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. Sell-side analysts expect that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on BMI. Stifel Nicolaus upped their price objective on shares of Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Robert W. Baird upped their price objective 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 upped their price objective on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Badger Meter currently has a consensus rating of “Hold” and a consensus target price of $218.75.

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.