Badger Meter, Inc. $BMI Stock Holdings Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 80.4% during the first quarter, HoldingsChannel.com reports. The firm owned 12,849 shares of the scientific and technical instruments company’s stock after selling 52,658 shares during the period. Janus Henderson Group PLC’s holdings in Badger Meter were worth $1,959,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Badger Meter in the 4th quarter worth approximately $83,819,000. UBS Group AG grew its holdings in shares of Badger Meter by 89.2% during the 4th quarter. UBS Group AG now owns 712,650 shares of the scientific and technical instruments company’s stock valued at $124,293,000 after acquiring an additional 335,953 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Badger Meter by 39.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 754,402 shares of the scientific and technical instruments company’s stock worth $131,592,000 after acquiring an additional 212,448 shares during the last quarter. Amundi increased its stake in shares of Badger Meter by 99.5% in the third quarter. Amundi now owns 401,668 shares of the scientific and technical instruments company’s stock worth $72,203,000 after acquiring an additional 200,330 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Badger Meter by 54.8% during the first quarter. First Trust Advisors LP now owns 560,356 shares of the scientific and technical instruments company’s stock worth $85,370,000 after acquiring an additional 198,430 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Stock Down 0.0%

Shares of Badger Meter stock opened at $138.81 on Monday. Badger Meter, Inc. has a 12-month low of $112.09 and a 12-month high of $204.00. The stock has a 50 day moving average price of $136.88 and a two-hundred day moving average price of $141.12. The stock has a market capitalization of $4.02 billion, a P/E ratio of 32.43, a PEG ratio of 2.54 and a beta of 0.65.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The business had revenue of $220.30 million during the quarter, compared to analysts’ expectations of $220.59 million. During the same period in the previous year, the company earned $1.17 earnings per share. Badger Meter’s revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts anticipate that Badger Meter, Inc. will post 4.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen cut Badger Meter from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings raised Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada reduced their price target on Badger Meter from $169.00 to $162.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Barclays reissued an “underweight” rating and issued a $112.00 price target (up from $109.00) on shares of Badger Meter in a research note on Tuesday, July 28th. Finally, Seaport Research Partners set a $160.00 price objective on Badger Meter in a report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $164.00.

Insiders Place Their Bets

In other news, VP Edward F. Callahan purchased 751 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was bought at an average cost of $135.25 per share, for a total transaction of $101,572.75. Following the completion of the acquisition, the vice president directly owned 1,937 shares of the company’s stock, valued at approximately $261,979.25. The trade was a 63.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Badger Meter Profile

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.