1,741 Shares in Badger Meter, Inc. (NYSE:BMI) Purchased by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC acquired a new position in Badger Meter, Inc. (NYSE:BMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,741 shares of the scientific and technical instruments company’s stock, valued at approximately $369,000.

Several other large investors have also modified their holdings of BMI. Perpetual Ltd bought a new stake in shares of Badger Meter during the 4th quarter worth approximately $10,462,000. Barclays PLC increased its stake in Badger Meter by 348.5% in the third quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock worth $12,034,000 after purchasing an additional 42,806 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Badger Meter during the third quarter worth $5,285,000. Algert Global LLC boosted its stake in shares of Badger Meter by 39.3% during the third quarter. Algert Global LLC now owns 77,333 shares of the scientific and technical instruments company’s stock valued at $16,890,000 after purchasing an additional 21,799 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Badger Meter by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 338,198 shares of the scientific and technical instruments company’s stock worth $73,866,000 after purchasing an additional 19,848 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Badger Meter Stock Performance

NYSE BMI opened at $216.43 on Wednesday. Badger Meter, Inc. has a one year low of $147.96 and a one year high of $239.11. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 51.16, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78. The company’s 50-day simple moving average is $217.23 and its two-hundred day simple moving average is $212.03.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Badger Meter

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.