Morgan Dempsey Capital Management LLC raised its stake in shares of Badger Meter, Inc. (NYSE:BMI) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,005 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,648 shares during the period. Morgan Dempsey Capital Management LLC owned 120,250.77% of Badger Meter worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Badger Meter by 24,345.9% in the 1st quarter. BlackRock Inc. now owns 3,496,500 shares of the scientific and technical instruments company’s stock valued at $128,499,000 after acquiring an additional 3,482,197 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Badger Meter by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,828,174 shares of the scientific and technical instruments company’s stock valued at $112,703,000 after acquiring an additional 33,137 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Badger Meter by 2.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,658,855 shares of the scientific and technical instruments company’s stock valued at $66,105,000 after acquiring an additional 41,724 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Badger Meter by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,127,376 shares of the scientific and technical instruments company’s stock valued at $44,926,000 after acquiring an additional 10,712 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Badger Meter by 4.7% in the 2nd quarter. State Street Corp now owns 715,440 shares of the scientific and technical instruments company’s stock valued at $28,513,000 after acquiring an additional 32,322 shares during the last quarter. 83.92% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Morgan Dempsey Capital Management LLC Grows Holdings in Badger Meter, Inc. (BMI)” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/09/morgan-dempsey-capital-management-llc-grows-holdings-in-badger-meter-inc-bmi.html.

Badger Meter, Inc. (NYSE BMI) traded up $0.65 during trading on Thursday, reaching $45.35. 19,999 shares of the company were exchanged, compared to its average volume of 196,833. Badger Meter, Inc. has a 12 month low of $32.45 and a 12 month high of $52.10. The stock has a market cap of $1,305.69, a price-to-earnings ratio of 39.34 and a beta of 0.65.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Monday, October 16th. The scientific and technical instruments company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). Badger Meter had a return on equity of 12.62% and a net margin of 8.39%. The firm had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $102.86 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities research analysts forecast that Badger Meter, Inc. will post 1.19 EPS for the current fiscal year.

A number of research analysts recently commented on BMI shares. Zacks Investment Research downgraded shares of Badger Meter from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 price target on shares of Badger Meter in a report on Friday, October 6th. Sidoti increased their price target on shares of Badger Meter from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, October 5th. BidaskClub raised shares of Badger Meter from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Badger Meter in a report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $48.00.

In other news, Director Andrew J. Policano sold 8,850 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $45.67, for a total transaction of $404,179.50. Following the transaction, the director now directly owns 32,561 shares of the company’s stock, valued at $1,487,060.87. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Beverly L. P. Smiley sold 7,550 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $45.26, for a total transaction of $341,713.00. Following the transaction, the vice president now directly owns 56,449 shares in the company, valued at $2,554,881.74. The disclosure for this sale can be found here. Insiders sold a total of 24,400 shares of company stock worth $1,111,013 over the last three months. 4.50% of the stock is currently owned by corporate 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.

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

Receive News & Stock Ratings for Badger Meter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter Inc. and related stocks with our FREE daily email newsletter.