Shelton Capital Management trimmed its stake in shares of Badger Meter, Inc. (NYSE:BMI – Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,194 shares of the scientific and technical instruments company’s stock after selling 129 shares during the period. Shelton Capital Management’s holdings in Badger Meter were worth $324,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of BMI. BlackRock Inc. boosted its holdings in Badger Meter by 0.6% in the 1st quarter. BlackRock Inc. now owns 4,991,278 shares of the scientific and technical instruments company’s stock worth $497,681,000 after buying an additional 28,050 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Badger Meter by 1.5% in the third quarter. Vanguard Group Inc. now owns 3,485,626 shares of the scientific and technical instruments company’s stock worth $322,037,000 after acquiring an additional 52,069 shares during the last quarter. State Street Corp increased its position in shares of Badger Meter by 1.3% during the third quarter. State Street Corp now owns 2,097,093 shares of the scientific and technical instruments company’s stock worth $193,750,000 after purchasing an additional 26,896 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Badger Meter by 4.3% during the first quarter. Impax Asset Management Group plc now owns 1,045,682 shares of the scientific and technical instruments company’s stock worth $126,737,000 after purchasing an additional 42,700 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Badger Meter by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 591,793 shares of the scientific and technical instruments company’s stock valued at $72,092,000 after purchasing an additional 9,207 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Badger Meter Price Performance
Shares of BMI stock opened at $146.74 on Tuesday. The company has a market capitalization of $4.31 billion, a PE ratio of 50.60, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The firm’s 50-day moving average is $145.29 and its two-hundred day moving average is $149.64. Badger Meter, Inc. has a 12 month low of $103.93 and a 12 month high of $170.86.
Badger Meter Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 24th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, November 22nd. Badger Meter’s dividend payout ratio (DPR) is presently 37.24%.
Wall Street Analysts Forecast Growth
BMI has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $142.00 target price on shares of Badger Meter in a research note on Tuesday, September 12th. Northcoast Research cut shares of Badger Meter from a “neutral” rating to a “sell” rating and set a $120.00 price objective for the company. in a research note on Friday, September 29th. Finally, StockNews.com raised shares of Badger Meter from a “hold” rating to a “buy” rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.67.
Badger Meter Company Profile
Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.
- Five stocks we like better than Badger Meter
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Safeguard your portfolio with these three bargain stocks
- Most active stocks: Dollar volume vs share volume
- Membership clubs gain leverage for the consumer rebound
- Are Stock Buybacks Good for the Average Investor?
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.com's FREE daily email newsletter.