Gabelli Funds LLC continued to hold its position in Badger Meter, Inc. (NYSE:BMI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,000 shares of the scientific and technical instruments company’s stock at the end of the first quarter. Gabelli Funds LLC’s holdings in Badger Meter were worth $7,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BMI. 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 in the last quarter. Clean Yield Group purchased a new position in Badger Meter during the first quarter valued at about $153,000. Perigon Wealth Management LLC purchased a new position in Badger Meter during the fourth quarter valued at about $187,000. Municipal Employees Retirement System of Michigan boosted its position in Badger Meter by 103.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,440 shares of the scientific and technical instruments company’s stock valued at $216,000 after buying an additional 3,270 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Badger Meter by 50.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,013 shares of the scientific and technical instruments company’s stock valued at $260,000 after buying an additional 2,349 shares in the last quarter. 77.81% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Badger Meter, Inc. (NYSE:BMI) traded up 2.3807% on Friday, reaching $38.6999. 91,581 shares of the company’s stock traded hands. Badger Meter, Inc. has a 52 week low of $29.30 and a 52 week high of $41.70. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 34.2477 and a beta of 0.55. The company has a 50 day moving average price of $37.83 and a 200 day moving average price of $36.81.

Badger Meter (NYSE:BMI) last released its quarterly earnings results on Wednesday, April 19th. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $101.60 million during the quarter, compared to analyst estimates of $102.63 million. Badger Meter had a net margin of 8.20% and a return on equity of 13.01%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. On average, equities research analysts predict that Badger Meter, Inc. will post $1.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, May 26th. Badger Meter’s payout ratio is 41.44%.

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Separately, Zacks Investment Research cut shares of Badger Meter from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th.

In other Badger Meter news, VP Kimberly K. Stoll sold 1,544 shares of the firm’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $34.61, for a total transaction of $53,437.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard E. Johnson sold 28,004 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $41.34, for a total transaction of $1,157,685.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,046 shares of company stock valued at $4,415,623. Company insiders own 4.60% of the company’s stock.

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.

5 Day Chart for NYSE:BMI

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