Janus Henderson Group PLC Sells 164 Shares of Badger Meter, Inc. (NYSE:BMI)

Janus Henderson Group PLC lessened its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,185 shares of the scientific and technical instruments company’s stock after selling 164 shares during the quarter. Janus Henderson Group PLC’s holdings in Badger Meter were worth $6,592,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Badger Meter by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 338,198 shares of the scientific and technical instruments company’s stock worth $73,866,000 after purchasing an additional 19,848 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Badger Meter by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 337,391 shares of the scientific and technical instruments company’s stock worth $62,873,000 after buying an additional 22,160 shares during the last quarter. KBC Group NV grew its holdings in shares of Badger Meter by 0.8% in the third quarter. KBC Group NV now owns 331,769 shares of the scientific and technical instruments company’s stock worth $72,462,000 after acquiring an additional 2,515 shares during the period. Congress Asset Management Co. increased its position in Badger Meter by 2.8% during the third quarter. Congress Asset Management Co. now owns 295,027 shares of the scientific and technical instruments company’s stock valued at $64,437,000 after acquiring an additional 7,967 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in Badger Meter by 66.4% in the second quarter. Driehaus Capital Management LLC now owns 128,651 shares of the scientific and technical instruments company’s stock valued at $23,974,000 after acquiring an additional 51,318 shares during the period. 89.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BMI has been the subject of a number of recent research reports. Robert W. Baird boosted their price target on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Stifel Nicolaus boosted their target price on shares of Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, 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 report on Friday, October 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $214.75.

Badger Meter Stock Up 1.6 %

BMI stock opened at $228.02 on Tuesday. The business’s 50-day moving average price is $216.25 and its 200-day moving average price is $203.92. The stock has a market cap of $6.71 billion, a P/E ratio of 56.58, a PEG ratio of 2.82 and a beta of 0.79. Badger Meter, Inc. has a twelve month low of $139.50 and a twelve month high of $230.76.

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

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, November 22nd. Badger Meter’s dividend payout ratio (DPR) is presently 33.75%.

Badger Meter 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.