Badger Meter, Inc. $BMI Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its stake in Badger Meter, Inc. (NYSE:BMIFree Report) by 315.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,478 shares of the scientific and technical instruments company’s stock after purchasing an additional 65,650 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Badger Meter were worth $13,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BMI. N.E.W. Advisory Services LLC purchased a new position in shares of Badger Meter in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its position in Badger Meter by 76.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 65 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in Badger Meter during the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. increased its stake in Badger Meter by 62.3% during the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 71 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Badger Meter during the second quarter worth about $49,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter Trading Up 2.9%

NYSE BMI opened at $134.12 on Friday. The stock has a market cap of $3.89 billion, a P/E ratio of 31.34, a PEG ratio of 2.45 and a beta of 0.64. The company’s fifty day simple moving average is $135.59 and its 200-day simple moving average is $142.48. Badger Meter, Inc. has a 52 week low of $112.09 and a 52 week high of $204.00.

Badger Meter (NYSE:BMIGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The business had revenue of $220.30 million during the quarter, compared to analyst estimates of $220.59 million. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. On average, research analysts expect that Badger Meter, Inc. will post 4.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Edward F. Callahan acquired 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, with a total value of $101,572.75. Following the transaction, the vice president directly owned 1,937 shares in the company, valued at approximately $261,979.25. This represents a 63.32% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Key Headlines Impacting Badger Meter

Here are the key news stories impacting Badger Meter this week:

Analysts Set New Price Targets

A number of equities analysts have recently commented on BMI shares. Maxim Group downgraded Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Seaport Research Partners set a $160.00 target price on Badger Meter in a report on Thursday, July 23rd. Weiss Ratings raised shares of Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Stifel Nicolaus set a $170.00 price target on shares of Badger Meter and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada reduced their price target on shares of Badger Meter from $169.00 to $162.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Badger Meter currently has an average rating of “Hold” and an average price target of $164.00.

Get Our Latest Stock Report on BMI

Badger Meter Company Profile

(Free Report)

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.

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

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