Callan Family Office LLC Makes New Investment in Badger Meter, Inc. $BMI

by · The Markets Daily

Callan Family Office LLC bought a new position in Badger Meter, Inc. (NYSE:BMI – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,061 shares of the scientific and technical instruments company’s stock, valued at approximately $260,000.

Several other hedge funds also recently bought and sold shares of the company. US Bancorp DE raised its holdings in Badger Meter by 0.5% in the second quarter. US Bancorp DE now owns 27,559 shares of the scientific and technical instruments company’s stock worth $6,751,000 after purchasing an additional 124 shares during the period. Maryland State Retirement & Pension System raised its holdings in Badger Meter by 0.6% in the second quarter. Maryland State Retirement & Pension System now owns 8,649 shares of the scientific and technical instruments company’s stock worth $2,119,000 after purchasing an additional 54 shares during the period. 626 Financial LLC acquired a new stake in Badger Meter in the second quarter worth $216,000. QRG Capital Management Inc. acquired a new stake in Badger Meter in the second quarter worth $265,000. Finally, River Street Advisors LLC raised its holdings in Badger Meter by 6.0% in the second quarter. River Street Advisors LLC now owns 5,233 shares of the scientific and technical instruments company’s stock worth $1,282,000 after purchasing an additional 294 shares during the period. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Badger Meter from $216.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Weiss Ratings lowered shares of Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Royal Bank Of Canada dropped their price objective on shares of Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus set a $224.00 price objective on shares of Badger Meter in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $237.00.

View Our Latest Research Report on Badger Meter

Badger Meter Trading Down 1.2%

Shares of BMI stock opened at $178.16 on Friday. Badger Meter, Inc. has a 1 year low of $162.17 and a 1 year high of $256.08. The firm’s fifty day moving average price is $181.35 and its two-hundred day moving average price is $208.58. The firm has a market capitalization of $5.25 billion, a P/E ratio of 38.81, a PEG ratio of 3.19 and a beta of 0.90.

Badger Meter (NYSE:BMI – Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.02). Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The business had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.38 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current fiscal year.

Badger Meter Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.40 dividend. This is a boost from Badger Meter’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. Badger Meter’s payout ratio is 34.86%.

Badger Meter Profile

(Free Report)

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.

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