Teacher Retirement System of Texas grew its holdings in shares of Badger Meter, Inc. (NYSE:BMI – Get Rating) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,002 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,344 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Badger Meter worth $2,072,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Badger Meter by 59.9% in the fourth quarter. Signaturefd LLC now owns 283 shares of the scientific and technical instruments company’s stock worth $31,000 after purchasing an additional 106 shares during the period. Quadrant Capital Group LLC boosted its stake in Badger Meter by 576.8% during the third quarter. Quadrant Capital Group LLC now owns 379 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 323 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Badger Meter in the 3rd quarter valued at approximately $41,000. Standard Family Office LLC purchased a new position in Badger Meter during the 3rd quarter worth $55,000. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Badger Meter by 39.1% in the 4th quarter. Banque Cantonale Vaudoise now owns 729 shares of the scientific and technical instruments company’s stock valued at $79,000 after acquiring an additional 205 shares during the period. Institutional investors own 86.21% of the company’s stock.
Badger Meter Price Performance
Shares of Badger Meter stock opened at $145.00 on Monday. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 59.43 and a beta of 0.88. The stock’s 50-day moving average is $131.47 and its 200-day moving average is $121.17. Badger Meter, Inc. has a one year low of $73.20 and a one year high of $145.30.
Badger Meter Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Friday, May 26th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.90 dividend on an annualized basis and a yield of 0.62%. Badger Meter’s payout ratio is currently 36.89%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. StockNews.com assumed coverage on Badger Meter in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Robert W. Baird boosted their target price on shares of Badger Meter from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, April 17th. Maxim Group boosted their target price on Badger Meter from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Stifel Nicolaus upped their price target on Badger Meter from $108.00 to $109.00 and gave the company a “hold” rating in a research report on Monday, April 17th. Finally, Argus raised their target price on Badger Meter from $130.00 to $151.00 in a research note on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $121.40.
About Badger Meter
Badger Meter, Inc engages in the provision of flow measurement, control products, and communications solutions that serve water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation. Municipal water products include water meters and related technologies to municipal water utilities.
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