Wilmington Savings Fund Society FSB Has $8.03 Million Stock Holdings in Badger Meter, Inc. (NYSE:BMI)

Wilmington Savings Fund Society FSB reduced its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,844 shares of the scientific and technical instruments company’s stock after selling 1,818 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Badger Meter were worth $8,027,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of Badger Meter in the second quarter valued at about $314,000. Handelsbanken Fonder AB raised its position in shares of Badger Meter by 20.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,909 shares of the scientific and technical instruments company’s stock valued at $1,946,000 after acquiring an additional 1,520 shares during the period. GAMMA Investing LLC grew its holdings in shares of Badger Meter by 61.3% in the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock valued at $176,000 after buying an additional 306 shares during the period. CWM LLC increased its holdings in shares of Badger Meter by 72.5% in the third quarter. CWM LLC now owns 992 shares of the scientific and technical instruments company’s stock worth $217,000 after acquiring an additional 417 shares in the last quarter. Finally, Strong Tower Advisory Services acquired a new stake in Badger Meter during the 3rd quarter worth approximately $222,000. 89.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Maxim Group upped their price objective 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. Finally, Robert W. Baird boosted their price target on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $218.75.

Badger Meter Trading Down 1.0 %

BMI stock opened at $213.82 on Friday. The firm has a market cap of $6.29 billion, a PE ratio of 50.55, a price-to-earnings-growth ratio of 2.36 and a beta of 0.78. Badger Meter, Inc. has a 1-year low of $143.61 and a 1-year high of $239.11. The stock has a 50-day moving average price of $217.39 and a 200-day moving average price of $211.72.

Badger Meter (NYSE:BMI) last posted its earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. On average, analysts forecast that Badger Meter, Inc. will post 4.76 earnings per share for the current year.

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.