Skandinaviska Enskilda Banken AB publ Has $5.04 Million Stock Position in Badger Meter, Inc. (NYSE:BMI)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,523 shares of the scientific and technical instruments company's stock after selling 3,540 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.08% of Badger Meter worth $5,040,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC raised its stake in shares of Badger Meter by 0.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 6,204 shares of the scientific and technical instruments company's stock worth $1,316,000 after purchasing an additional 50 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Badger Meter by 4.2% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,271 shares of the scientific and technical instruments company's stock worth $270,000 after acquiring an additional 51 shares in the last quarter. HighTower Advisors LLC lifted its stake in Badger Meter by 1.1% in the third quarter. HighTower Advisors LLC now owns 5,312 shares of the scientific and technical instruments company's stock valued at $1,165,000 after acquiring an additional 56 shares during the last quarter. Arizona State Retirement System grew its position in shares of Badger Meter by 0.9% in the 4th quarter. Arizona State Retirement System now owns 8,536 shares of the scientific and technical instruments company's stock valued at $1,811,000 after acquiring an additional 72 shares during the period. Finally, Synovus Financial Corp increased its stake in shares of Badger Meter by 4.6% during the 3rd quarter. Synovus Financial Corp now owns 2,211 shares of the scientific and technical instruments company's stock worth $483,000 after purchasing an additional 98 shares during the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.

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Badger Meter Trading Up 2.6 %

BMI stock traded up $5.06 during mid-day trading on Wednesday, hitting $202.04. 241,242 shares of the company were exchanged, compared to its average volume of 178,806. Badger Meter, Inc. has a 1-year low of $151.18 and a 1-year high of $239.11. The business has a 50 day simple moving average of $211.40 and a 200-day simple moving average of $213.83. The stock has a market capitalization of $5.94 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 3.89 and a beta of 0.83.

Badger Meter (NYSE:BMI - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Badger Meter had a return on equity of 21.77% and a net margin of 15.12%. Equities research analysts expect that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.34 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.67%. Badger Meter's dividend payout ratio (DPR) is presently 32.15%.

Insider Buying and Selling

In other news, VP William R. A. Bergum sold 148 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $212.13, for a total transaction of $31,395.24. Following the sale, the vice president now directly owns 14,051 shares of the company's stock, valued at approximately $2,980,638.63. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Karen M. Bauer sold 1,147 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $209.74, for a total value of $240,571.78. Following the completion of the transaction, the vice president now directly owns 5,076 shares of the company's stock, valued at approximately $1,064,640.24. This trade represents a 18.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,949 shares of company stock valued at $4,398,407. 0.80% of the stock is owned by company insiders.

Analyst Ratings Changes

BMI has been the subject of a number of research analyst reports. Maxim Group lifted their price target on Badger Meter from $235.00 to $245.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their target price on Badger Meter from $208.00 to $209.00 and gave the stock a "hold" rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $218.75.

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.