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

Union Bancaire Privee UBP SA bought a new position in Badger Meter, Inc. (NYSE:BMI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,532 shares of the scientific and technical instruments company's stock, valued at approximately $1,838,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC purchased a new position in Badger Meter during the fourth quarter valued at $42,000. Blue Trust Inc. grew its stake in shares of Badger Meter by 1,016.7% during the 3rd quarter. Blue Trust Inc. now owns 201 shares of the scientific and technical instruments company's stock valued at $44,000 after acquiring an additional 183 shares during the period. GAMMA Investing LLC increased its holdings in Badger Meter by 61.3% in the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company's stock worth $176,000 after acquiring an additional 306 shares in the last quarter. Annex Advisory Services LLC bought a new stake in Badger Meter during the 3rd quarter worth approximately $204,000. Finally, ORBA Wealth Advisors L.L.C. purchased a new position in Badger Meter during the third quarter valued at approximately $207,000. 89.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Maxim Group increased their price objective on shares of Badger Meter from $216.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Stifel Nicolaus boosted their price objective on Badger Meter from $203.00 to $208.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird lifted their target price on Badger Meter from $184.00 to $203.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $216.00.

Badger Meter Price Performance

Shares of BMI stock traded down $0.51 during trading hours on Tuesday, hitting $207.10. The stock had a trading volume of 177,571 shares, compared to its average volume of 188,463. The stock's 50-day moving average price is $217.90 and its two-hundred day moving average price is $211.03. Badger Meter, Inc. has a one year low of $139.50 and a one year high of $239.11. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 51.39, a PEG ratio of 2.42 and a beta of 0.79.

Badger Meter Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.34 dividend. 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 (DPR) 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.