Union Bancaire Privee UBP SA Takes $1.84 Million Position in Badger Meter, Inc. (NYSE:BMI)

Union Bancaire Privee UBP SA purchased a new stake in shares of Badger Meter, Inc. (NYSE:BMI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,532 shares of the scientific and technical instruments company’s stock, valued at approximately $1,838,000.

Several other large investors have also recently bought and sold shares of the business. ORG Partners LLC acquired a new stake in Badger Meter during the 4th quarter worth about $42,000. Blue Trust Inc. boosted 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 purchasing an additional 183 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Badger Meter by 61.3% during the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock worth $176,000 after purchasing an additional 306 shares during the period. Annex Advisory Services LLC purchased a new position in Badger Meter during the third quarter valued at approximately $204,000. Finally, ORBA Wealth Advisors L.L.C. acquired a new position in Badger Meter in the 3rd quarter valued at approximately $207,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BMI. Stifel Nicolaus boosted their price target on shares of Badger Meter from $203.00 to $208.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Maxim Group boosted their target price on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Robert W. Baird raised their price target on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research note 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $216.00.

Badger Meter Trading Down 1.3 %

Shares of NYSE:BMI opened at $207.62 on Tuesday. Badger Meter, Inc. has a 1 year low of $139.50 and a 1 year high of $239.11. The firm has a fifty day moving average price of $218.08 and a 200 day moving average price of $210.82. The stock has a market capitalization of $6.11 billion, a PE ratio of 51.52, a P/E/G ratio of 2.42 and a beta of 0.79.

Badger Meter Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter’s dividend payout ratio is 33.75%.

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.