Morgan Dempsey Capital Management LLC cut its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,357 shares of the scientific and technical instruments company’s stock after selling 352 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Badger Meter were worth $1,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased 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 valued at $17,053,000 after buying an additional 34,806 shares during the last quarter. NGAM Advisors L.P. increased its stake in shares of Badger Meter by 3.7% in the second quarter. NGAM Advisors L.P. now owns 133,905 shares of the scientific and technical instruments company’s stock valued at $5,336,000 after buying an additional 4,834 shares during the last quarter. Norges Bank purchased a new stake in shares of Badger Meter during the fourth quarter valued at approximately $3,994,000. Louisiana State Employees Retirement System increased its stake in shares of Badger Meter by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the scientific and technical instruments company’s stock valued at $437,000 after buying an additional 200 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Badger Meter by 2.4% in the first quarter. Gamco Investors INC. ET AL now owns 192,600 shares of the scientific and technical instruments company’s stock valued at $7,078,000 after buying an additional 4,500 shares during the last quarter. 84.36% of the stock is owned by hedge funds and other institutional investors.

Badger Meter, Inc. (NYSE:BMI) opened at 44.50 on Thursday. Badger Meter, Inc. has a 12-month low of $29.30 and a 12-month high of $46.85. The stock has a 50 day moving average of $42.05 and a 200 day moving average of $38.76. The firm has a market cap of $1.30 billion, a PE ratio of 37.71 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 the consensus estimate of $0.35 by $0.01. The company 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 for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. On average, equities research analysts anticipate that Badger Meter, Inc. will post $1.29 EPS for the current fiscal year.

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Several equities research analysts have commented on BMI shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $37.00 target price on shares of Badger Meter in a research note on Wednesday, May 24th. Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a research note on Friday, July 21st. BidaskClub downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Tuesday. Sidoti reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Badger Meter in a research note on Monday, June 19th. Finally, Zacks Investment Research raised shares of Badger Meter from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $42.00.

In other Badger Meter news, insider Ronald H. Dix sold 2,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $41.07, for a total transaction of $82,140.00. Following the completion of the sale, the insider now owns 43,000 shares in the company, valued at approximately $1,766,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Beverly L. P. Smiley sold 22,100 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $40.30, for a total transaction of $890,630.00. Following the sale, the vice president now owns 95,633 shares of the company’s stock, valued at approximately $3,854,009.90. The disclosure for this sale can be found here. Insiders sold a total of 90,776 shares of company stock valued at $3,858,414 in the last quarter. 4.50% of the stock is currently 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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