Badger Meter, Inc. $BMI Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. decreased its position in shares of Badger Meter, Inc. (NYSE:BMI) by 64.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,138 shares of the scientific and technical instruments company’s stock after selling 2,030 shares during the period. Fox Run Management L.L.C.’s holdings in Badger Meter were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BMI. Brighton Jones LLC acquired a new position in Badger Meter during the fourth quarter worth $227,000. Xponance Inc. increased its position in shares of Badger Meter by 18.1% in the first quarter. Xponance Inc. now owns 2,618 shares of the scientific and technical instruments company’s stock valued at $498,000 after buying an additional 402 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Badger Meter by 145.9% during the 1st quarter. New York State Common Retirement Fund now owns 67,584 shares of the scientific and technical instruments company’s stock worth $12,858,000 after buying an additional 40,095 shares during the last quarter. CWM LLC boosted its position in shares of Badger Meter by 18.1% in the 1st quarter. CWM LLC now owns 1,078 shares of the scientific and technical instruments company’s stock worth $205,000 after buying an additional 165 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Badger Meter by 80.9% in the 1st quarter. Signaturefd LLC now owns 682 shares of the scientific and technical instruments company’s stock valued at $130,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Stock Performance

Shares of NYSE BMI opened at $177.73 on Friday. The firm has a market cap of $5.24 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 3.02 and a beta of 0.94. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $256.08. The firm’s 50 day moving average price is $180.20 and its 200 day moving average price is $207.74.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. Badger Meter had a return on equity of 21.12% and a net margin of 15.40%.The company had revenue of $235.65 million during the quarter, compared to the consensus estimate of $231.88 million. During the same period in the previous year, the firm posted $1.08 EPS. Badger Meter’s revenue was up 13.1% on a year-over-year basis. As a group, equities analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 21st. This represents a $1.60 annualized dividend and a yield of 0.9%. Badger Meter’s dividend payout ratio is 34.04%.

Analyst Upgrades and Downgrades

BMI has been the subject of a number of research reports. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Stifel Nicolaus raised shares of Badger Meter from a “hold” rating to a “buy” rating and raised their price objective for the stock from $208.00 to $215.00 in a research note on Wednesday, October 22nd. Weiss Ratings downgraded Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Robert W. Baird set a $205.00 target price on Badger Meter and gave the company a “neutral” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada set a $229.00 price target on Badger Meter and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Badger Meter currently has a consensus rating of “Moderate Buy” and an average target price of $227.33.

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.