Louisiana State Employees Retirement System held its position in Badger Meter, Inc. (NYSE:BMI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Badger Meter during the fourth quarter valued at $3,994,000. UBS Asset Management Americas Inc. boosted its position in 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 valued at $17,053,000 after buying an additional 34,806 shares during the period. Teachers Advisors LLC boosted its position in 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 valued at $1,937,000 after buying an additional 7,256 shares during the period. Bank of Montreal Can boosted its position in 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 valued at $633,000 after buying an additional 221 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in 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 valued at $117,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.

Badger Meter, Inc. (BMI) traded up 1.38% on Friday, reaching $44.20. 97,803 shares of the company’s stock were exchanged. Badger Meter, Inc. has a 52-week low of $29.30 and a 52-week high of $46.85. The firm’s 50 day moving average price is $42.31 and its 200 day moving average price is $38.84. The company has a market cap of $1.29 billion, a PE ratio of 37.46 and a beta of 0.56.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Thursday, July 20th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $104.17 million during the quarter, compared to analyst estimates of $108.02 million. Badger Meter had a net margin of 8.67% and a return on equity of 13.19%. Badger Meter’s revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, analysts expect that Badger Meter, Inc. will post $1.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.13 per share. This is a positive change from Badger Meter’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.18%. Badger Meter’s dividend payout ratio (DPR) is currently 39.32%.

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BMI has been the topic of several analyst reports. Canaccord Genuity restated a “hold” rating and set a $37.00 price target on shares of Badger Meter in a report on Wednesday, May 24th. BidaskClub cut shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Sidoti restated a “buy” rating and set a $52.00 price target (up from $50.00) on shares of Badger Meter in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Boenning Scattergood restated a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $42.00.

In other news, VP Beverly L. P. Smiley sold 22,100 shares of Badger Meter stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $40.30, for a total value of $890,630.00. Following the completion of the sale, the vice president now directly owns 95,633 shares in the company, valued at $3,854,009.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard E. Johnson sold 12,736 shares of Badger Meter stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $41.26, for a total transaction of $525,487.36. Following the completion of the sale, the vice president now owns 130,704 shares of the company’s stock, valued at $5,392,847.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,776 shares of company stock valued at $3,858,414. 4.50% of the stock is owned by company insiders.

About Badger Meter

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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