Triodos Investment Management BV Raises Stock Holdings in Badger Meter, Inc. (NYSE:BMI)

Triodos Investment Management BV grew its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,000 shares of the scientific and technical instruments company’s stock after purchasing an additional 15,000 shares during the quarter. Badger Meter makes up approximately 1.8% of Triodos Investment Management BV’s holdings, making the stock its 20th biggest position. Triodos Investment Management BV owned about 0.45% of Badger Meter worth $6,981,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC purchased a new stake in Badger Meter during the 2nd quarter valued at $42,000. O Shares Investment Advisers LLC acquired a new position in shares of Badger Meter during the second quarter worth approximately $203,000. Impax Asset Management Group plc boosted its position in shares of Badger Meter by 1.9% during the second quarter. Impax Asset Management Group plc now owns 1,341,918 shares of the scientific and technical instruments company’s stock worth $80,099,000 after buying an additional 24,465 shares during the period. First Personal Financial Services boosted its position in shares of Badger Meter by 2.7% during the second quarter. First Personal Financial Services now owns 37,144 shares of the scientific and technical instruments company’s stock worth $2,217,000 after buying an additional 985 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new stake in Badger Meter during the second quarter worth approximately $271,000. 84.44% of the stock is owned by hedge funds and other institutional investors.

NYSE:BMI traded up $1.01 during midday trading on Friday, hitting $59.86. 157,489 shares of the company traded hands, compared to its average volume of 163,083. The firm’s fifty day moving average is $55.76 and its 200-day moving average is $54.78. Badger Meter, Inc. has a 12-month low of $46.69 and a 12-month high of $61.58. The firm has a market capitalization of $1.73 billion, a P/E ratio of 38.87 and a beta of 0.78.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Badger Meter had a return on equity of 14.85% and a net margin of 10.95%. The company had revenue of $108.60 million for the quarter, compared to analyst estimates of $110.39 million. During the same quarter in the prior year, the firm posted $0.46 EPS. Badger Meter’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Badger Meter, Inc. will post 1.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. Badger Meter’s payout ratio is 44.16%.

Several research analysts recently issued reports on BMI shares. Robert W. Baird increased their price target on shares of Badger Meter from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Stifel Nicolaus cut their target price on shares of Badger Meter from $54.00 to $49.00 and set a “hold” rating for the company in a research report on Friday, July 19th. ValuEngine lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, October 21st. Finally, Maxim Group reiterated a “buy” rating and set a $64.00 target price on shares of Badger Meter in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $57.00.

About Badger Meter

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

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

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