Fortress Financial Solutions LLC Invests $369,000 in Badger Meter, Inc. (NYSE:BMI)

Fortress Financial Solutions LLC bought a new stake in shares of Badger Meter, Inc. (NYSE:BMI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,741 shares of the scientific and technical instruments company’s stock, valued at approximately $369,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Badger Meter by 6.2% during 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 purchasing an additional 19,848 shares during the last quarter. KBC Group NV grew its stake in Badger Meter by 0.8% during the 3rd quarter. KBC Group NV now owns 331,769 shares of the scientific and technical instruments company’s stock worth $72,462,000 after buying an additional 2,515 shares during the last quarter. Congress Asset Management Co. increased its position in Badger Meter by 2.8% during the 3rd quarter. Congress Asset Management Co. now owns 295,027 shares of the scientific and technical instruments company’s stock valued at $64,437,000 after buying an additional 7,967 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Badger Meter by 26.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,270 shares of the scientific and technical instruments company’s stock valued at $18,187,000 after buying an additional 17,483 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in Badger Meter by 39.3% in the third quarter. Algert Global LLC now owns 77,333 shares of the scientific and technical instruments company’s stock worth $16,890,000 after acquiring an additional 21,799 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports 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 report on Monday, February 3rd. Maxim Group upped their price target 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. Finally, Robert W. Baird lifted their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $218.75.

Badger Meter Stock Up 0.4 %

Shares of NYSE BMI opened at $216.43 on Wednesday. Badger Meter, Inc. has a 52 week low of $147.96 and a 52 week high of $239.11. The business’s 50 day moving average price is $217.23 and its 200 day moving average price is $212.03. The firm has a market cap of $6.37 billion, a P/E ratio of 51.16, a P/E/G ratio of 3.85 and a beta of 0.78.

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

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.