Badger Meter, Inc. (NYSE:BMI) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,114 shares of the scientific and technical instruments company's stock after selling 13,188 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.05% of Badger Meter worth $67,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in 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 valued at $44,000 after purchasing an additional 183 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Badger Meter by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 499 shares of the scientific and technical instruments company's stock worth $93,000 after buying an additional 158 shares during the period. CWM LLC increased its position in Badger Meter by 40.9% during the 2nd quarter. CWM LLC now owns 575 shares of the scientific and technical instruments company's stock valued at $107,000 after purchasing an additional 167 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. bought a new position in Badger Meter in the third quarter worth approximately $207,000. 89.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BMI shares. Stifel Nicolaus lifted their target price on Badger Meter from $189.00 to $203.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. Maxim Group upped their price target on shares of 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 increased their price objective on shares of Badger Meter from $184.00 to $203.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $214.75.

Badger Meter Stock Down 0.8 %

Shares of NYSE BMI traded down $1.69 during trading on Tuesday, hitting $218.87. The company had a trading volume of 277,876 shares, compared to its average volume of 174,625. Badger Meter, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $230.76. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79. The stock has a fifty day simple moving average of $215.61 and a two-hundred day simple moving average of $203.04.

Badger Meter (NYSE:BMI - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.11 by ($0.03). The firm had revenue of $208.44 million during the quarter, compared to analyst estimates of $212.08 million. Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The business's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, analysts anticipate that Badger Meter, Inc. will post 4.19 earnings per share for the current year.

Badger Meter Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 0.62%. Badger Meter's payout ratio is presently 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.