TD Waterhouse Canada Inc. Has $491,000 Position in Badger Meter, Inc. (NYSE:BMI)

TD Waterhouse Canada Inc. grew its position in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 929.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,316 shares of the scientific and technical instruments company's stock after purchasing an additional 2,091 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Badger Meter were worth $491,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Badger Meter in the fourth quarter valued at approximately $94,547,000. Pictet Asset Management Holding SA increased its position in shares of Badger Meter by 5,897.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 235,322 shares of the scientific and technical instruments company's stock worth $49,917,000 after acquiring an additional 231,398 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Badger Meter during the fourth quarter worth about $20,586,000. Congress Asset Management Co. boosted its position in Badger Meter by 23.1% in the 4th quarter. Congress Asset Management Co. now owns 363,164 shares of the scientific and technical instruments company's stock valued at $77,034,000 after buying an additional 68,137 shares during the last quarter. Finally, Perpetual Ltd acquired a new stake in Badger Meter during the fourth quarter valued at approximately $10,462,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BMI. Royal Bank of Canada increased their price target on Badger Meter from $238.00 to $252.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Argus set a $240.00 price target on shares of Badger Meter in a report on Thursday, April 24th. Robert W. Baird dropped their price objective on shares of Badger Meter from $218.00 to $216.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Stifel Nicolaus decreased their target price on shares of Badger Meter from $209.00 to $196.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Finally, Maxim Group lifted their price target on Badger Meter from $235.00 to $245.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $229.80.

Insider Buying and Selling at Badger Meter

In other news, VP William R. A. Bergum sold 148 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $212.13, for a total transaction of $31,395.24. Following the completion of the sale, the vice president now owns 14,051 shares in the company, valued at approximately $2,980,638.63. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kenneth Bockhorst sold 1,165 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $212.13, for a total transaction of $247,131.45. Following the completion of the transaction, the chief executive officer now directly owns 52,620 shares in the company, valued at approximately $11,162,280.60. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,949 shares of company stock worth $4,398,407. Insiders own 0.80% of the company's stock.

Badger Meter Stock Up 0.2 %

NYSE:BMI traded up $0.54 during trading hours on Thursday, reaching $221.36. 27,031 shares of the company's stock were exchanged, compared to its average volume of 202,998. The business's 50-day simple moving average is $197.95 and its two-hundred day simple moving average is $209.62. The company has a market capitalization of $6.52 billion, a P/E ratio of 52.30, a price-to-earnings-growth ratio of 3.89 and a beta of 0.84. Badger Meter, Inc. has a 12 month low of $162.17 and a 12 month high of $239.11.

Badger Meter (NYSE:BMI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The scientific and technical instruments company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The firm had revenue of $222.21 million for the quarter, compared to the consensus estimate of $220.39 million. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, sell-side analysts anticipate that Badger Meter, Inc. will post 4.65 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.34 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.36 annualized dividend and a yield of 0.61%. Badger Meter's dividend payout ratio (DPR) is 29.96%.

Badger Meter 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.