Badger Meter, Inc. (NYSE:BMI) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lessened its position in Badger Meter, Inc. (NYSE:BMI) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,446 shares of the scientific and technical instruments company’s stock after selling 854 shares during the period. OLD Second National Bank of Aurora owned about 0.06% of Badger Meter worth $3,701,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Perpetual Ltd acquired a new position in Badger Meter during the fourth quarter worth approximately $10,462,000. Millennium Management LLC increased its position in Badger Meter by 86.2% during 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 purchasing an additional 46,650 shares during the last quarter. Barclays PLC increased its position in Badger Meter by 348.5% during the third quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock worth $12,034,000 after purchasing an additional 42,806 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Badger Meter during the third quarter worth approximately $5,285,000. Finally, Algert Global LLC increased its position in Badger Meter by 39.3% during the third quarter. Algert Global LLC now owns 77,333 shares of the scientific and technical instruments company’s stock worth $16,890,000 after purchasing an additional 21,799 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Ratings Changes

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

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 company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 2.42 and a beta of 0.79. The company’s fifty day moving average price is $217.74 and its two-hundred day moving average price is $211.01.

Badger Meter Announces Dividend

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