Schwab Charles Investment Management Inc. raised its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,727 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,546 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.45% of Badger Meter worth $6,357,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Badger Meter by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock worth $112,703,000 after acquiring an additional 33,137 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Badger Meter by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock worth $44,926,000 after acquiring an additional 10,712 shares during the last quarter. State Street Corp lifted its holdings in shares of Badger Meter by 4.7% in the 2nd quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock worth $28,513,000 after acquiring an additional 32,322 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Badger Meter by 8.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 567,899 shares of the scientific and technical instruments company’s stock worth $22,631,000 after acquiring an additional 44,702 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Badger Meter by 4.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 442,475 shares of the scientific and technical instruments company’s stock worth $22,322,000 after acquiring an additional 19,709 shares during the last quarter. Institutional investors and hedge funds own 83.09% of the company’s stock.

Shares of Badger Meter, Inc. (NYSE:BMI) traded down $0.80 on Monday, reaching $48.85. 89,680 shares of the company were exchanged, compared to its average volume of 104,746. Badger Meter, Inc. has a one year low of $34.40 and a one year high of $52.10. The company has a market cap of $1,445.43, a price-to-earnings ratio of 43.55 and a beta of 0.68.

Several research firms have recently issued reports on BMI. Stifel Nicolaus restated a “hold” rating and issued a $51.00 target price (up previously from $45.00) on shares of Badger Meter in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Thursday, January 18th. Robert W. Baird reiterated a “hold” rating and set a $44.00 price objective on shares of Badger Meter in a report on Tuesday, October 17th. Sidoti lifted their price objective on shares of Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of Badger Meter in a report on Friday, October 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.20.

In other Badger Meter news, CFO Richard E. Johnson sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.55, for a total transaction of $327,960.00. Following the transaction, the chief financial officer now owns 105,976 shares of the company’s stock, valued at approximately $4,827,206.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Fred J. Begale sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $45.60, for a total transaction of $91,200.00. Following the transaction, the vice president now directly owns 7,609 shares in the company, valued at approximately $346,970.40. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

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Badger Meter Company Profile

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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