Segall Bryant & Hamill LLC Has $5.72 Million Stock Position in Badger Meter, Inc. (NYSE:BMI)

Segall Bryant & Hamill LLC decreased its position in shares of Badger Meter, Inc. (NYSE:BMI) by 40.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,975 shares of the scientific and technical instruments company’s stock after selling 18,521 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Badger Meter were worth $5,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BMI. Congress Wealth Management LLC DE lifted its holdings in shares of Badger Meter by 29.8% in the fourth quarter. Congress Wealth Management LLC DE now owns 60,903 shares of the scientific and technical instruments company’s stock valued at $12,919,000 after purchasing an additional 13,982 shares in the last quarter. Vanguard Group Inc. raised its position in Badger Meter by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,841,879 shares of the scientific and technical instruments company’s stock valued at $814,939,000 after buying an additional 44,839 shares during the last quarter. Bridge City Capital LLC boosted its position in Badger Meter by 8.4% during the 4th quarter. Bridge City Capital LLC now owns 28,117 shares of the scientific and technical instruments company’s stock worth $5,964,000 after acquiring an additional 2,167 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Badger Meter during the fourth quarter valued at $6,682,000. Finally, Summit Global Investments bought a new position in Badger Meter during the 4th quarter worth $659,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Insider Activity

In other news, VP Karen M. Bauer sold 1,147 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $209.74, for a total transaction of $240,571.78. Following the sale, the vice president now directly owns 5,076 shares of the company’s stock, valued at $1,064,640.24. This represents a 18.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William R. A. Bergum sold 148 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $212.13, for a total value of $31,395.24. Following the completion of the sale, the vice president now directly owns 14,051 shares of the company’s stock, valued at $2,980,638.63. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,949 shares of company stock worth $4,398,407. Insiders own 0.80% of the company’s stock.

Badger Meter Trading Down 1.7 %

Shares of Badger Meter stock opened at $192.37 on Thursday. The firm has a market capitalization of $5.66 billion, a PE ratio of 45.48, a price-to-earnings-growth ratio of 3.89 and a beta of 0.83. The business’s 50-day moving average price is $209.46 and its 200-day moving average price is $213.65. Badger Meter, Inc. has a 12 month low of $151.18 and a 12 month high of $239.11.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. As a group, analysts predict that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.71%. Badger Meter’s payout ratio is 32.15%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Maxim Group boosted their target price on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus boosted their target price on shares of Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Badger Meter presently has an average rating of “Hold” and an average target price of $218.75.

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.