Badger Meter, Inc. (NYSE:BMI) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC cut its stake in shares of Badger Meter, Inc. (NYSE:BMIGet Rating) by 1.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,154 shares of the scientific and technical instruments company’s stock after selling 100 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Badger Meter were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BMI. BerganKDV Wealth Management LLC acquired a new position in Badger Meter during the 2nd quarter worth approximately $32,000. Trust Co. of Vermont purchased a new stake in Badger Meter during the 2nd quarter worth approximately $47,000. Northwestern Mutual Wealth Management Co. increased its holdings in Badger Meter by 297.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,066 shares of the scientific and technical instruments company’s stock worth $87,000 after purchasing an additional 798 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Badger Meter during the 1st quarter worth approximately $91,000. Finally, Strs Ohio increased its holdings in Badger Meter by 900.0% during the 3rd quarter. Strs Ohio now owns 1,000 shares of the scientific and technical instruments company’s stock worth $92,000 after purchasing an additional 900 shares during the last quarter. 86.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Badger Meter from a “hold” rating to a “buy” rating in a report on Tuesday, January 10th. Stifel Nicolaus dropped their price objective on Badger Meter from $94.00 to $93.00 and set a “hold” rating on the stock in a report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $99.33.

Badger Meter Trading Up 1.6 %

Shares of NYSE BMI opened at $116.07 on Tuesday. Badger Meter, Inc. has a twelve month low of $73.20 and a twelve month high of $120.54. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 51.36 and a beta of 0.89. The business has a 50 day simple moving average of $112.83 and a 200-day simple moving average of $101.41.

Badger Meter (NYSE:BMIGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Badger Meter had a return on equity of 16.04% and a net margin of 11.96%. The business had revenue of $148.00 million during the quarter, compared to the consensus estimate of $137.78 million. During the same period in the previous year, the business earned $0.54 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities analysts predict that Badger Meter, Inc. will post 2.27 earnings per share for the current year.

Badger Meter Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 25th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, November 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 0.78%. Badger Meter’s dividend payout ratio is currently 39.82%.

Badger Meter Company Profile

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Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities.

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

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