Skandinaviska Enskilda Banken AB publ Acquires 2,532 Shares of Badger Meter, Inc. (NYSE:BMI)

Skandinaviska Enskilda Banken AB publ boosted its holdings in Badger Meter, Inc. (NYSE:BMI) by 10.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,055 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,532 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.09% of Badger Meter worth $4,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in Badger Meter by 23.3% in the 1st quarter. Pacer Advisors Inc. now owns 922 shares of the scientific and technical instruments company’s stock worth $175,000 after purchasing an additional 174 shares during the period. Royce & Associates LP boosted its stake in Badger Meter by 45.0% in the 1st quarter. Royce & Associates LP now owns 6,499 shares of the scientific and technical instruments company’s stock worth $1,236,000 after purchasing an additional 2,018 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Badger Meter by 11.1% during the 1st quarter. KLP Kapitalforvaltning AS now owns 35,000 shares of the scientific and technical instruments company’s stock worth $6,659,000 after acquiring an additional 3,500 shares in the last quarter. Choreo LLC raised its holdings in shares of Badger Meter by 4.6% during the 1st quarter. Choreo LLC now owns 1,361 shares of the scientific and technical instruments company’s stock worth $259,000 after acquiring an additional 60 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Badger Meter by 5,877.8% during the 1st quarter. IFP Advisors Inc now owns 538 shares of the scientific and technical instruments company’s stock worth $102,000 after acquiring an additional 529 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stifel Nicolaus set a $224.00 price objective on Badger Meter in a report on Wednesday. Argus set a $240.00 price target on Badger Meter in a report on Thursday, April 24th. Royal Bank Of Canada decreased their price target on Badger Meter from $284.00 to $264.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird increased their price target on Badger Meter from $216.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Raymond James Financial assumed coverage on Badger Meter in a report on Tuesday, June 3rd. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Badger Meter currently has an average rating of “Hold” and a consensus price target of $238.40.

Badger Meter Trading Up 1.8%

BMI opened at $193.18 on Monday. Badger Meter, Inc. has a 12-month low of $162.17 and a 12-month high of $256.08. The business’s fifty day simple moving average is $240.42 and its 200-day simple moving average is $219.39. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 3.39 and a beta of 0.83.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Tuesday, July 22nd. The scientific and technical instruments company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Badger Meter had a net margin of 15.53% and a return on equity of 21.57%. The company had revenue of $238.10 million for the quarter, compared to the consensus estimate of $235.38 million. During the same period in the previous year, the business earned $1.12 EPS. Badger Meter’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current year.

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.