Badger Meter, Inc. (NYSE:BMI) Shares Sold by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. reduced its position in shares of Badger Meter, Inc. (NYSE:BMI) by 3.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,943 shares of the scientific and technical instruments company’s stock after selling 66 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Badger Meter were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Fortress Financial Solutions LLC acquired a new position in Badger Meter during the fourth quarter worth about $369,000. Comprehensive Financial Planning Inc. PA purchased a new position in Badger Meter in the 4th quarter worth about $155,000. Empowered Funds LLC purchased a new position in Badger Meter in the 4th quarter worth about $826,000. TFG Advisers LLC increased its stake in Badger Meter by 47.7% in the 4th quarter. TFG Advisers LLC now owns 1,954 shares of the scientific and technical instruments company’s stock worth $415,000 after purchasing an additional 631 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Badger Meter in the 4th quarter worth about $705,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Badger Meter Price Performance

Shares of Badger Meter stock opened at $214.78 on Thursday. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 50.78, a P/E/G ratio of 3.85 and a beta of 0.78. Badger Meter, Inc. has a 52-week low of $147.96 and a 52-week high of $239.11. The stock has a 50-day simple moving average of $217.06 and a 200-day simple moving average of $212.12.

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

Wall Street Analyst Weigh In

BMI has been the subject of a number of research reports. Maxim Group raised their price objective on Badger Meter from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Robert W. Baird raised their price objective on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Stifel Nicolaus raised their price objective on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Badger Meter has an average rating of “Hold” and a consensus price target 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.