Mutual of America Capital Management LLC Has $966,000 Stake in Badger Meter, Inc. (NYSE:BMI)

Mutual of America Capital Management LLC reduced its holdings in Badger Meter, Inc. (NYSE:BMI) by 8.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,424 shares of the scientific and technical instruments company’s stock after selling 408 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Badger Meter were worth $966,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its holdings in Badger Meter by 14.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,081 shares of the scientific and technical instruments company’s stock valued at $660,000 after buying an additional 528 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Badger Meter by 2,633.3% in the first quarter. Bessemer Group Inc. now owns 492 shares of the scientific and technical instruments company’s stock worth $80,000 after acquiring an additional 474 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Badger Meter by 86.0% in the first quarter. Lazard Asset Management LLC now owns 8,566 shares of the scientific and technical instruments company’s stock worth $1,385,000 after acquiring an additional 3,961 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Badger Meter by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 62,769 shares of the scientific and technical instruments company’s stock worth $10,157,000 after acquiring an additional 1,102 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in Badger Meter during the 1st quarter valued at $327,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on BMI. Maxim Group raised 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. Robert W. Baird lifted their target price on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Stifel Nicolaus upped their price target on Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $214.75.

Badger Meter Trading Down 0.3 %

Shares of BMI opened at $220.27 on Tuesday. The stock has a market cap of $6.48 billion, a PE ratio of 55.10, a PEG ratio of 2.77 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 stock has a 50 day simple moving average of $215.34 and a 200-day simple moving average of $202.12.

Badger Meter (NYSE:BMI) last released 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). Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The company had revenue of $208.44 million for the quarter, compared to analyst estimates of $212.08 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast 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. Investors of record on Friday, November 22nd will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, November 22nd. Badger Meter’s dividend payout ratio is currently 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.