Universal Beteiligungs und Servicegesellschaft mbH Sells 8,490 Shares of Badger Meter, Inc. $BMI

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Badger Meter, Inc. (NYSE:BMI) by 16.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,768 shares of the scientific and technical instruments company’s stock after selling 8,490 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of Badger Meter worth $7,638,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. increased its holdings in shares of Badger Meter by 170.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 104 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Badger Meter in the 2nd quarter valued at about $49,000. Salomon & Ludwin LLC bought a new position in Badger Meter in the 3rd quarter valued at about $38,000. Employees Retirement System of Texas acquired a new stake in Badger Meter during the second quarter worth approximately $54,000. Finally, MAI Capital Management boosted its holdings in shares of Badger Meter by 57.6% during the second quarter. MAI Capital Management now owns 260 shares of the scientific and technical instruments company’s stock worth $64,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Trading Down 1.5%

Shares of BMI opened at $169.51 on Monday. The company has a market capitalization of $5.00 billion, a PE ratio of 36.07, a PEG ratio of 2.57 and a beta of 0.91. Badger Meter, Inc. has a 12 month low of $162.17 and a 12 month high of $256.08. The stock’s 50-day moving average price is $176.48 and its two-hundred day moving average price is $184.12.

Badger Meter Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 21st. Badger Meter’s payout ratio is 34.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BMI. Robert W. Baird set a $205.00 price objective on Badger Meter and gave the company a “neutral” rating in a report on Monday, October 20th. Stifel Nicolaus upgraded Badger Meter from a “hold” rating to a “buy” rating and boosted their price target for the company from $208.00 to $215.00 in a research note on Wednesday, October 22nd. Jefferies Financial Group started coverage on Badger Meter in a research report on Friday, December 12th. They set a “buy” rating and a $220.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Badger Meter in a research note on Wednesday. Finally, Royal Bank Of Canada set a $229.00 target price on shares of Badger Meter and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.25.

Badger Meter Profile

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.