Janney Montgomery Scott LLC Has $444,000 Stock Holdings in Badger Meter, Inc. (NYSE:BMI)

Janney Montgomery Scott LLC trimmed its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,093 shares of the scientific and technical instruments company’s stock after selling 271 shares during the period. Janney Montgomery Scott LLC’s holdings in Badger Meter were worth $444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC acquired a new stake in shares of Badger Meter during the fourth quarter worth $42,000. Blue Trust Inc. raised its holdings in shares of Badger Meter by 1,016.7% during the third quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company’s stock worth $44,000 after acquiring an additional 183 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Badger Meter during the third quarter worth $204,000. Public Employees Retirement System of Ohio raised its holdings in shares of Badger Meter by 636.4% during the third quarter. Public Employees Retirement System of Ohio now owns 950 shares of the scientific and technical instruments company’s stock worth $207,000 after acquiring an additional 821 shares during the period. Finally, CWM LLC raised its holdings in shares of Badger Meter by 72.5% during 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 during the period. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter Trading Down 1.0 %

Badger Meter stock opened at $213.82 on Monday. The company has a market cap of $6.29 billion, a P/E ratio of 50.55, a price-to-earnings-growth ratio of 3.85 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 company has a fifty day simple moving average of $217.33 and a 200 day simple moving average of $211.93.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that Badger Meter, Inc. will post 4.65 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on BMI. Robert W. Baird raised their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Stifel Nicolaus raised their target price on shares of Badger Meter from $208.00 to $209.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Finally, Maxim Group raised their target price on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $218.75.

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.