New York State Teachers Retirement System Sells 300 Shares of Badger Meter, Inc. (NYSE:BMI)

New York State Teachers Retirement System reduced its stake in Badger Meter, Inc. (NYSE:BMI) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,834 shares of the scientific and technical instruments company’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in Badger Meter were worth $2,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Badger Meter by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,674,493 shares of the scientific and technical instruments company’s stock worth $594,570,000 after acquiring an additional 22,707 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Badger Meter by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 337,391 shares of the scientific and technical instruments company’s stock worth $62,873,000 after purchasing an additional 22,160 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Badger Meter by 66.4% during the second quarter. Driehaus Capital Management LLC now owns 128,651 shares of the scientific and technical instruments company’s stock valued at $23,974,000 after buying an additional 51,318 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Badger Meter by 47.1% during the 2nd quarter. Renaissance Technologies LLC now owns 126,100 shares of the scientific and technical instruments company’s stock valued at $23,499,000 after buying an additional 40,400 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Badger Meter by 86.2% in the 2nd quarter. Millennium Management LLC now owns 100,788 shares of the scientific and technical instruments company’s stock worth $18,782,000 after buying an additional 46,650 shares during the period. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Badger Meter

In related news, VP Kimberly K. Stoll sold 1,097 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total value of $224,885.00. Following the sale, the vice president now owns 3,861 shares in the company, valued at approximately $791,505. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.

Badger Meter Trading Down 0.2 %

BMI stock opened at $223.25 on Friday. The stock’s 50 day simple moving average is $210.82 and its 200 day simple moving average is $199.38. Badger Meter, Inc. has a 12-month low of $139.50 and a 12-month high of $230.76. The stock has a market capitalization of $6.57 billion, a PE ratio of 55.40, a price-to-earnings-growth ratio of 2.55 and a beta of 0.78.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Badger Meter from $189.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Argus boosted their price target on Badger Meter from $204.00 to $218.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their target price on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Maxim Group raised their price target on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Badger Meter currently has a consensus rating of “Hold” and an average target price of $214.75.

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.