Learn Why Mairs & Power Inc Purchased Badger Meter Inc Stake?

February 14, 2018 - By Louis Casey

 Learn Why Mairs & Power Inc Purchased Badger Meter Inc Stake?

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.59, from 1.64 in 2017Q2. It is negative, as 11 investors sold Badger Meter, Inc. shares while 49 reduced holdings. 19 funds opened positions while 44 raised stakes. 23.62 million shares or 1.65% less from 24.01 million shares in 2017Q2 were reported.

Millennium Management Ltd Llc stated it has 0% in Badger Meter, Inc. (NYSE:BMI). California State Teachers Retirement System reported 44,934 shares. Sei holds 16,258 shares. Royal State Bank Of Canada reported 0% of its portfolio in Badger Meter, Inc. (NYSE:BMI). Bnp Paribas Arbitrage has 0% invested in Badger Meter, Inc. (NYSE:BMI) for 16,154 shares. State Street Corp, Massachusetts-based fund reported 714,079 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 122,085 shares. Blair William Il owns 0% invested in Badger Meter, Inc. (NYSE:BMI) for 8,965 shares. Rock Point Lc holds 0.09% or 4,100 shares in its portfolio. Manchester Management Ltd Liability holds 0% or 200 shares. Proshare Advsr Limited Liability invested in 0.07% or 163,422 shares. Ameritas Partners stated it has 2,464 shares. Rodgers Brothers has invested 1.54% in Badger Meter, Inc. (NYSE:BMI). Bokf Na owns 15,009 shares or 0.02% of their US portfolio. Employees Retirement Of Texas reported 0.04% stake.

Since September 1, 2017, it had 0 buys, and 3 selling transactions for $1.11 million activity. The insider SMILEY BEVERLY L P sold $341,690.

The New Mairs & Power Inc Holding in Badger Meter Inc

Mairs & Power Inc reported SC 13G/A form with the SEC for Badger Meter Inc. Access it here: 000110465918009371. As reported by Mairs & Power Inc, the filler owns 6.3% or 1,844,023 shares of the Industrials–company.

Badger Meter Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Mairs & Power Inc’s positive view for Badger Meter Inc. For a institutional investor managing $7.72 billion in assets and having 35+ experts this is interesting position.

Badger Meter Inc Institutional Sentiment

Filings show 125 investors own Badger Meter Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 10024850. 21277012 were owned by these investors. 11 funds opened new Badger Meter Inc stakes, 49 increased positions. There were 11 that closed positions and 40 reduced them.

Morgan Dempsey Capital Management Llc is an investor bullish on Badger Meter Inc, owning 36226 shares as of Q3 2015 for 0.74% of its portfolio. Dorsey & Whitney Trust Company Llc owns 47053 shares or 0.77% of its portfolio. MN Mairs & Power Inc have 1.16% of its portfolio for 1281928 shares. Further, Neumeier Poma Investment Counsel Llc reported stake worth 1.07% of its portfolio. The PA Rodgers Brothers Inc owns 59634 shares. Badger Meter Inc is 1.74% of its portfolio.

Business 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. Its product lines include two categories: sales of water meters and related technologies to municipal water utilities (municipal water), and sales of meters to various industries for water and other fluids (flow instrumentation). The municipal water offering includes mechanical and ultrasonic (electronic) water meters and related technologies and services used by water utilities as the basis for generating water and wastewater. The flow instrumentation category includes the sale of meters and valves around the world to measure and control materials flowing through a pipe or pipeline, including air, steam, oil, and other liquids and gases.

SEC Form 13G.

Mairs & Power Inc website.

The stock decreased 0.21% or $0.1 during the last trading session, reaching $48.25. About 150,102 shares traded or 21.98% up from the average. Badger Meter, Inc. (NYSE:BMI) has risen 7.67% since February 14, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Badger Meter, Inc. provides flow measurement, control, and communication solutions worldwide. The company has market cap of $1.41 billion. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, gas and oil, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries. It has a 40.55 P/E ratio. The firm provides flow instrumentation technologies to original equipment manufacturers as the primary flow measurement device within a product or system; ORION Migratable for mobile meter reading; ORION Fixed Network for traditional fixed network applications; and ORION Cellular for infrastructure-free meter reading.

Badger Meter, Inc. (NYSE:BMI) Ratings Coverage

Among 7 analysts covering Badger Meter (NYSE:BMI), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Badger Meter has $63 highest and $3700 lowest target. $48.75’s average target is 1.04% above currents $48.25 stock price. Badger Meter had 21 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, July 13. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, January 16. As per Tuesday, April 12, the company rating was initiated by Sidoti. The firm has “Hold” rating given on Monday, October 16 by Robert W. Baird. The firm has “Hold” rating given on Wednesday, October 7 by Gabelli. The firm has “Buy” rating given on Tuesday, January 10 by Sidoti. Ladenburg Thalmann downgraded the shares of BMI in report on Friday, March 18 to “Sell” rating. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, April 20. The stock of Badger Meter, Inc. (NYSE:BMI) earned “Neutral” rating by Robert W. Baird on Tuesday, July 21. Stifel Nicolaus maintained it with “Hold” rating and $49.0 target in Sunday, October 15 report.

More notable recent Badger Meter, Inc. (NYSE:BMI) news were published by: Nasdaq.com which released: “Badger Meter’s (BMI) Q4 Earnings Beat, Sales Miss Estimates” on February 06, 2018, also Bizjournals.com with their article: “Badger Meter moving 35 jobs to Racine from Arizona” published on November 29, 2017, Jsonline.com published: “Badger Meter benefits from new-technology products, lower tax rate” on February 06, 2018. More interesting news about Badger Meter, Inc. (NYSE:BMI) were released by: Biztimes.com and their article: “Badger Meter sales top $400 million for first time despite slower growth” published on February 06, 2018 as well as Bizjournals.com‘s news article titled: “Longtime Badger Meter director to retire from the board” with publication date: February 12, 2018.

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