OLD Second National Bank of Aurora Boosts Holdings in Badger Meter, Inc. (NYSE:BMI)

OLD Second National Bank of Aurora increased its holdings in Badger Meter, Inc. (NYSE:BMI) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,300 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,283 shares during the quarter. Badger Meter makes up 1.0% of OLD Second National Bank of Aurora’s portfolio, making the stock its 28th biggest position. OLD Second National Bank of Aurora owned 0.06% of Badger Meter worth $3,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BMI. Aigen Investment Management LP lifted its position in shares of Badger Meter by 12.8% during the third quarter. Aigen Investment Management LP now owns 3,497 shares of the scientific and technical instruments company’s stock worth $764,000 after purchasing an additional 397 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Badger Meter by 4.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 30,263 shares of the scientific and technical instruments company’s stock worth $6,610,000 after purchasing an additional 1,174 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Badger Meter by 8.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,342 shares of the scientific and technical instruments company’s stock worth $730,000 after buying an additional 250 shares in the last quarter. Portside Wealth Group LLC grew its stake in shares of Badger Meter by 14.5% in the third quarter. Portside Wealth Group LLC now owns 1,576 shares of the scientific and technical instruments company’s stock worth $344,000 after purchasing an additional 199 shares in the last quarter. Finally, JB Capital LLC bought a new stake in shares of Badger Meter during the 3rd quarter worth about $218,000. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Badger Meter

In other Badger Meter news, VP Kimberly K. Stoll sold 1,097 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total transaction of $224,885.00. Following the completion of the sale, the vice president now owns 3,861 shares in the company, valued at approximately $791,505. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Argus upped their price target on shares of Badger Meter from $204.00 to $218.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. StockNews.com lowered Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Maxim Group increased their price target on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Robert W. Baird raised their price objective on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus upped their price target on shares of Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Badger Meter has an average rating of “Hold” and a consensus target price of $214.75.

Badger Meter Stock Down 0.8 %

NYSE BMI opened at $225.00 on Wednesday. Badger Meter, Inc. has a twelve month low of $139.50 and a twelve month high of $230.76. The company’s 50-day simple moving average is $212.10 and its 200 day simple moving average is $200.46. The stock has a market cap of $6.62 billion, a P/E ratio of 55.83, a PEG ratio of 2.85 and a beta of 0.78.

Badger Meter (NYSE:BMI) last posted its earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The firm had revenue of $208.44 million during the quarter, compared to the consensus estimate of $212.08 million. During the same quarter last year, the firm posted $0.88 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Research analysts anticipate that Badger Meter, Inc. will post 4.19 earnings per share for the current year.

Badger Meter Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, November 22nd. This represents a $1.36 annualized dividend and a dividend yield of 0.60%. Badger Meter’s dividend payout ratio (DPR) is currently 33.75%.

Badger Meter Company Profile

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.