Badger Meter, Inc. (NYSE:BMI) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in shares of Badger Meter, Inc. (NYSE:BMIFree Report) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,034 shares of the scientific and technical instruments company’s stock after acquiring an additional 108 shares during the period. Sequoia Financial Advisors LLC’s holdings in Badger Meter were worth $293,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in Badger Meter by 45.1% during the 2nd quarter. Raymond James & Associates now owns 11,050 shares of the scientific and technical instruments company’s stock valued at $1,631,000 after purchasing an additional 3,437 shares during the period. Victory Capital Management Inc. raised its stake in Badger Meter by 33.7% during the 3rd quarter. Victory Capital Management Inc. now owns 233,660 shares of the scientific and technical instruments company’s stock valued at $33,617,000 after purchasing an additional 58,941 shares during the period. Wealth Alliance acquired a new stake in Badger Meter during the 2nd quarter valued at $205,000. Prospera Financial Services Inc acquired a new stake in Badger Meter during the 2nd quarter valued at $354,000. Finally, California Public Employees Retirement System acquired a new stake in Badger Meter during the 3rd quarter valued at $2,230,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BMI. StockNews.com downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Stifel Nicolaus upped their price target on shares of Badger Meter from $142.00 to $147.00 and gave the stock a “hold” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Badger Meter currently has an average rating of “Hold” and a consensus price target of $147.50.

View Our Latest Analysis on Badger Meter

Badger Meter Trading Up 2.4 %

Shares of NYSE:BMI opened at $149.88 on Friday. The stock has a market capitalization of $4.40 billion, a PE ratio of 47.73, a P/E/G ratio of 3.51 and a beta of 0.85. Badger Meter, Inc. has a 1 year low of $112.46 and a 1 year high of $170.86. The firm has a fifty day moving average price of $150.77 and a 200 day moving average price of $151.78.

Badger Meter (NYSE:BMIGet Free Report) last issued its quarterly earnings data on Friday, January 26th. The scientific and technical instruments company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $182.40 million during the quarter, compared to analysts’ expectations of $182.24 million. Badger Meter had a net margin of 13.16% and a return on equity of 19.07%. Badger Meter’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. On average, sell-side analysts forecast that Badger Meter, Inc. will post 3.4 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 23rd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.72%. Badger Meter’s dividend payout ratio is presently 34.39%.

About Badger Meter

(Free Report)

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.

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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