apricus wealth LLC Invests $219,000 in Badger Meter, Inc. (NYSE:BMI)

apricus wealth LLC purchased a new stake in Badger Meter, Inc. (NYSE:BMI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,033 shares of the scientific and technical instruments company’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of Badger Meter in the fourth quarter valued at approximately $42,000. Blue Trust Inc. increased its position in Badger Meter by 1,016.7% during the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock worth $44,000 after buying an additional 183 shares during the period. GAMMA Investing LLC boosted its position in shares of Badger Meter by 61.3% in the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock valued at $176,000 after acquiring an additional 306 shares during the period. Annex Advisory Services LLC acquired a new stake in Badger Meter in the 3rd quarter worth about $204,000. Finally, ORBA Wealth Advisors L.L.C. bought a new stake in Badger Meter in the 3rd quarter valued at about $207,000. 89.01% of the stock is owned by institutional investors.

Badger Meter Trading Down 4.0 %

Shares of BMI stock opened at $210.22 on Friday. Badger Meter, Inc. has a 1-year low of $139.50 and a 1-year high of $239.11. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 52.16, a PEG ratio of 2.42 and a beta of 0.79. The stock has a 50-day moving average of $218.08 and a 200-day moving average of $210.49.

Badger Meter Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter’s dividend payout ratio is currently 33.75%.

Wall Street Analysts Forecast Growth

BMI has been the subject of several analyst reports. Maxim Group lifted their price objective on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Robert W. Baird lifted 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. Finally, Stifel Nicolaus increased their target price on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $216.00.

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.