Dundas Partners LLP Acquires 6,855 Shares of Badger Meter, Inc. $BMI

Dundas Partners LLP grew its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 431.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,444 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,855 shares during the quarter. Dundas Partners LLP’s holdings in Badger Meter were worth $2,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its stake in Badger Meter by 170.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 104 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Badger Meter in the first quarter worth about $37,000. MAI Capital Management lifted its position in shares of Badger Meter by 57.6% in the second quarter. MAI Capital Management now owns 260 shares of the scientific and technical instruments company’s stock worth $64,000 after buying an additional 95 shares in the last quarter. Penserra Capital Management LLC bought a new position in Badger Meter during the second quarter valued at approximately $66,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Badger Meter during the 2nd quarter valued at approximately $80,000. Institutional investors own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BMI. JPMorgan Chase & Co. assumed coverage on shares of Badger Meter in a report on Tuesday, September 9th. They issued an “overweight” rating and a $230.00 target price on the stock. Robert W. Baird set a $205.00 price target on Badger Meter and gave the stock a “neutral” rating in a research report on Monday, October 20th. Stifel Nicolaus raised Badger Meter from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $208.00 to $215.00 in a research note on Wednesday, October 22nd. Royal Bank Of Canada set a $229.00 price objective on Badger Meter and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $227.33.

Badger Meter Price Performance

Shares of NYSE:BMI opened at $177.89 on Friday. The firm has a market capitalization of $5.24 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.94. The business has a 50 day simple moving average of $179.35 and a two-hundred day simple moving average of $205.66. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $256.08.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 EPS 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 for the quarter, compared to the consensus estimate of $231.88 million. During the same quarter in the prior year, the company posted $1.08 EPS. Badger Meter’s quarterly revenue was up 13.1% on a year-over-year basis. Equities research analysts expect that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Dividend Announcement

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

About Badger Meter

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.