Badger Meter, Inc. (NYSE:BMI) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors lessened its holdings in Badger Meter, Inc. (NYSE:BMI) by 98.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,513 shares of the scientific and technical instruments company’s stock after selling 90,551 shares during the quarter. Ibex Wealth Advisors’ holdings in Badger Meter were worth $321,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in shares of Badger Meter by 56.9% during the second quarter. Bank of Montreal Can now owns 19,511 shares of the scientific and technical instruments company’s stock valued at $3,674,000 after purchasing an additional 7,078 shares during the last quarter. Xponance Inc. boosted its position in Badger Meter by 5.0% during the 2nd quarter. Xponance Inc. now owns 1,871 shares of the scientific and technical instruments company’s stock valued at $349,000 after purchasing an additional 89 shares during the period. Squarepoint Ops LLC grew its stake in Badger Meter by 153.5% during the 2nd quarter. Squarepoint Ops LLC now owns 10,157 shares of the scientific and technical instruments company’s stock worth $1,893,000 after buying an additional 6,150 shares during the last quarter. AQR Capital Management LLC increased its position in Badger Meter by 115.6% in the second quarter. AQR Capital Management LLC now owns 20,349 shares of the scientific and technical instruments company’s stock worth $3,792,000 after buying an additional 10,911 shares during the period. Finally, Millennium Management LLC increased its position in Badger Meter by 86.2% in the second quarter. Millennium Management LLC now owns 100,788 shares of the scientific and technical instruments company’s stock worth $18,782,000 after buying an additional 46,650 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Price Performance

NYSE BMI opened at $208.80 on Thursday. Badger Meter, Inc. has a 12 month low of $139.50 and a 12 month high of $239.11. The firm has a market capitalization of $6.14 billion, a PE ratio of 51.81, a P/E/G ratio of 2.42 and a beta of 0.79. The company’s 50 day simple moving average is $217.74 and its 200 day simple moving average is $211.01.

Badger Meter Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter’s dividend payout ratio (DPR) is presently 33.75%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BMI. Stifel Nicolaus upped their price target on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Maxim Group upped their target price 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. Finally, Robert W. Baird raised their price target on shares of Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $216.00.

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.