Louisiana State Employees Retirement System maintained its stake in shares of Badger Meter, Inc. (NYSE:BMI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,900 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Badger Meter were worth $474,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BMI. Norges Bank bought a new stake in shares of Badger Meter during the fourth quarter worth approximately $3,994,000. UBS Asset Management Americas Inc. raised its stake in shares of Badger Meter by 8.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 461,522 shares of the scientific and technical instruments company’s stock worth $17,053,000 after buying an additional 34,806 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Badger Meter by 16.1% in the fourth quarter. Teachers Advisors LLC now owns 52,418 shares of the scientific and technical instruments company’s stock worth $1,937,000 after buying an additional 7,256 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Badger Meter by 1.3% in the first quarter. Bank of Montreal Can now owns 17,215 shares of the scientific and technical instruments company’s stock worth $633,000 after buying an additional 221 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Badger Meter by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,210 shares of the scientific and technical instruments company’s stock worth $117,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 84.36% of the company’s stock.

Badger Meter, Inc. (BMI) traded up 1.38% during trading on Friday, hitting $44.20. 97,803 shares of the company were exchanged. The stock has a market capitalization of $1.29 billion, a PE ratio of 37.46 and a beta of 0.56. The firm’s 50 day moving average price is $42.31 and its 200-day moving average price is $38.84. Badger Meter, Inc. has a 1-year low of $29.30 and a 1-year high of $46.85.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. The company had revenue of $104.17 million for the quarter, compared to the consensus estimate of $108.02 million. During the same quarter in the prior year, the company earned $0.65 EPS. Badger Meter’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts predict that Badger Meter, Inc. will post $1.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.18%. This is an increase from Badger Meter’s previous quarterly dividend of $0.12. Badger Meter’s dividend payout ratio is 39.32%.

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A number of analysts have recently commented on BMI shares. Canaccord Genuity reiterated a “hold” rating and issued a $37.00 price target on shares of Badger Meter in a research note on Wednesday, May 24th. BidaskClub lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Sidoti reiterated a “buy” rating and issued a $52.00 price target (up from $50.00) on shares of Badger Meter in a research note on Monday, June 19th. Zacks Investment Research raised shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Boenning Scattergood reissued a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Badger Meter has an average rating of “Hold” and an average target price of $42.00.

In related news, Chairman Richard A. Meeusen sold 10,699 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $40.96, for a total value of $438,231.04. Following the transaction, the chairman now owns 178,720 shares in the company, valued at approximately $7,320,371.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ronald H. Dix sold 2,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $41.07, for a total transaction of $82,140.00. Following the completion of the transaction, the insider now owns 43,000 shares in the company, valued at approximately $1,766,010. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,776 shares of company stock worth $3,858,414. 4.50% of the stock is owned by corporate insiders.

Badger Meter Company Profile

Badger Meter, Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers around the world. The Company’s products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data.

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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