PDT Partners LLC Purchases 2,707 Shares of Badger Meter, Inc. (NYSE:BMI)

PDT Partners LLC increased its position in Badger Meter, Inc. (NYSE:BMI) by 19.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,600 shares of the scientific and technical instruments company’s stock after buying an additional 2,707 shares during the period. PDT Partners LLC owned 0.06% of Badger Meter worth $3,626,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 183 shares in the last quarter. GAMMA Investing LLC boosted its position in Badger Meter by 46.3% during the second quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 158 shares during the period. CWM LLC boosted its position in Badger Meter by 40.9% during the second quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 167 shares during the period. Annex Advisory Services LLC acquired a new position in Badger Meter during the third quarter valued at approximately $204,000. Finally, Magnetar Financial LLC bought a new position in shares of Badger Meter in the second quarter valued at approximately $207,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Stifel Nicolaus upped their price target on shares of Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Maxim Group lifted their price objective on Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Badger Meter has an average rating of “Hold” and a consensus target price of $214.75.

Badger Meter Trading Up 0.2 %

Shares of BMI stock opened at $216.82 on Friday. The firm has a market capitalization of $6.38 billion, a P/E ratio of 53.80, a price-to-earnings-growth ratio of 2.72 and a beta of 0.78. Badger Meter, Inc. has a 1 year low of $139.50 and a 1 year high of $230.76. The firm’s fifty day simple moving average is $215.58 and its 200 day simple moving average is $202.76.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). The company had revenue of $208.44 million for the quarter, compared to the consensus estimate of $212.08 million. Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities research analysts anticipate that Badger Meter, Inc. will post 4.19 EPS for the current fiscal year.

Badger Meter Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.36 annualized dividend and a yield of 0.63%. Badger Meter’s dividend payout ratio (DPR) is 33.75%.

Badger Meter Company 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.