TFG Advisers LLC Purchases 631 Shares of Badger Meter, Inc. (NYSE:BMI)

TFG Advisers LLC boosted its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 47.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,954 shares of the scientific and technical instruments company’s stock after buying an additional 631 shares during the period. TFG Advisers LLC’s holdings in Badger Meter were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of Badger Meter in the second quarter worth about $314,000. Handelsbanken Fonder AB lifted its position in shares of Badger Meter by 20.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 8,909 shares of the scientific and technical instruments company’s stock valued at $1,946,000 after buying an additional 1,520 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Badger Meter by 61.3% during the third quarter. GAMMA Investing LLC now owns 805 shares of the scientific and technical instruments company’s stock valued at $176,000 after purchasing an additional 306 shares in the last quarter. CWM LLC boosted its holdings in Badger Meter by 72.5% in the 3rd quarter. CWM LLC now owns 992 shares of the scientific and technical instruments company’s stock worth $217,000 after buying an additional 417 shares during the last quarter. Finally, Strong Tower Advisory Services acquired a new stake in shares of Badger Meter in the third quarter worth approximately $222,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Price Performance

Shares of NYSE BMI opened at $213.82 on Friday. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 50.55, a price-to-earnings-growth ratio of 2.36 and a beta of 0.78. The stock’s 50-day moving average is $217.39 and its two-hundred day moving average is $211.72. Badger Meter, Inc. has a 1-year low of $143.61 and a 1-year high of $239.11.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. Equities research analysts anticipate that Badger Meter, Inc. will post 4.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Maxim Group upped their price objective on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus raised their price objective on Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Finally, Robert W. Baird boosted their target price on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Badger Meter presently has an average rating of “Hold” and an average target price 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.