BADGER METER INC

Ticker: BMI CUSIP: 056525108 Class: EQTY

NEW YORK STATE TEACHERS RETIREMENT SYSTEM's Holding History (CIK: 0000314969)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 11,634 Value ($000) $2 Avg Close $179.79 Range $166.62 - $203.51

Q3 2025

Shares 11,634 Value ($000) $2 Avg Close $195.98 Range $170.39 - $248.42

Q2 2025

Shares 11,734 Value ($000) $3 Avg Close $225.32 Range $161.21 - $254.91

Q1 2025

Shares 11,634 Value ($000) $2 Avg Close $207.21 Range $186.02 - $220.32

Q4 2024

Shares 11,834 Value ($000) $3 Avg Close $215.93 Range $191.24 - $237.30

Q3 2024

Shares 11,834 Value ($000) $3 Avg Close $198.39 Range $179.05 - $218.24

Q2 2024

Shares 12,134 Value ($000) $2 Avg Close $180.48 Range $149.35 - $200.63

Q1 2024

Shares 12,434 Value ($000) $2 Avg Close $151.60 Range $137.57 - $162.82

Q4 2023

Shares 12,434 Value ($000) $2 Avg Close $143.50 Range $131.97 - $156.28

Q3 2023

Shares 12,534 Value ($000) $2 Avg Close $155.35 Range $136.32 - $167.91

Q2 2023

Shares 12,834 Value ($000) $2 Avg Close $135.17 Range $115.31 - $153.46

Q1 2023

Shares 13,034 Value ($000) $2 Avg Close $114.59 Range $101.78 - $122.01

Q4 2022

Shares 13,534 Value ($000) $1 Avg Close $106.24 Range $86.17 - $118.04

Q3 2022

Shares 13,534 Value ($000) $1,250 Avg Close $90.56 Range $74.97 - $100.73

Q2 2022

Shares 13,534 Value ($000) $1,095 Avg Close $80.46 Range $71.38 - $99.86

Q1 2022

Shares 13,734 Value ($000) $1,369 Avg Close $95.17 Range $83.04 - $105.56

Q4 2021

Shares 13,734 Value ($000) $1,463 Avg Close $102.11 Range $96.04 - $109.06

Q3 2021

Shares 13,734 Value ($000) $1,389 Avg Close $98.92 Range $90.78 - $104.88

Q2 2021

Shares 13,734 Value ($000) $1,348 Avg Close $91.27 Range $86.18 - $96.71

Q1 2021

Shares 13,734 Value ($000) $1,278 Avg Close $97.10 Range $85.74 - $107.88

Q4 2020

Shares 15,434 Value ($000) $1,452 Avg Close $76.86 Range $62.46 - $92.51

Q3 2020

Shares 15,434 Value ($000) $1,009 Avg Close $61.29 Range $57.07 - $65.43

Q2 2020

Shares 16,634 Value ($000) $1,047 Avg Close $56.81 Range $44.94 - $65.20

Q1 2020

Shares 17,084 Value ($000) $916 Avg Close $58.14 Range $39.68 - $67.55

Q4 2019

Shares 17,084 Value ($000) $1,109 Avg Close $56.49 Range $48.19 - $63.55

Q3 2019

Shares 17,222 Value ($000) $925 Avg Close $51.19 Range $47.07 - $57.37

Q2 2019

Shares 17,322 Value ($000) $1,034 Avg Close $52.44 Range $48.74 - $57.18

Q1 2019

Shares 17,322 Value ($000) $964 Avg Close $52.46 Range $44.87 - $58.05

Q4 2018

Shares 17,322 Value ($000) $852 Avg Close $48.19 Range $44.03 - $53.86

Q3 2018

Shares 17,322 Value ($000) $917 Avg Close $48.82 Range $41.35 - $53.03

Q2 2018

Shares 17,360 Value ($000) $776 Avg Close $41.42 Range $38.33 - $44.31

Q1 2018

Shares 17,360 Value ($000) $819 Avg Close $45.15 Range $42.38 - $47.60

Q4 2017

Shares 17,360 Value ($000) $830 Avg Close $43.15 Range $39.05 - $48.44

Q3 2017

Shares 17,360 Value ($000) $851 Avg Close $41.26 Range $36.25 - $45.98

Q2 2017

Shares 17,360 Value ($000) $692 Avg Close $35.90 Range $32.59 - $38.55

Q1 2017

Shares 17,360 Value ($000) $638 Avg Close $33.94 Range $31.79 - $36.72

Q4 2016

Shares 17,360 Value ($000) $641 Avg Close $32.11 Range $26.91 - $36.08

Q3 2016

Shares 17,460 Value ($000) $585 Avg Close $31.66 Range $29.30 - $34.60

Q2 2016

Shares 8,730 Value ($000) $638 Avg Close $32.67 Range $28.96 - $35.93

Q1 2016

Shares 8,730 Value ($000) $581 Avg Close $28.14 Range $24.03 - $31.71

Q4 2015

Shares 8,830 Value ($000) $517 Avg Close $27.06 Range $25.07 - $28.21

Q3 2015

Shares 8,852 Value ($000) $514 Avg Close $26.82 Range $23.34 - $29.11

Q2 2015

Shares 8,852 Value ($000) $562 Avg Close $28.46 Range $26.44 - $29.77

Q1 2015

Shares 8,852 Value ($000) $531 Avg Close $26.24 Range $24.58 - $27.59

Q4 2014

Shares 8,852 Value ($000) $525 Avg Close $24.57 Range $21.25 - $27.36

Q3 2014

Shares 8,852 Value ($000) $447 Avg Close $22.93 Range $21.11 - $24.24

Q2 2014

Shares 8,852 Value ($000) $466 Avg Close $22.79 Range $20.66 - $25.32

Q1 2014

Shares 8,852 Value ($000) $488 Avg Close $23.48 Range $21.22 - $24.91

Q4 2013

Shares 9,152 Value ($000) $499 Avg Close $22.96 Range $19.78 - $24.97

Q3 2013

Shares 9,752 Value ($000) $453 Avg Close $20.70 Range $19.33 - $21.97

Q2 2013

Shares 10,352 Value ($000) $461 Avg Close $20.08 Range $18.35 - $23.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	11,634	$2	$179.79	$166.62 - $203.51
Q3 2025	11,634	$2	$195.98	$170.39 - $248.42
Q2 2025	11,734	$3	$225.32	$161.21 - $254.91
Q1 2025	11,634	$2	$207.21	$186.02 - $220.32
Q4 2024	11,834	$3	$215.93	$191.24 - $237.30
Q3 2024	11,834	$3	$198.39	$179.05 - $218.24
Q2 2024	12,134	$2	$180.48	$149.35 - $200.63
Q1 2024	12,434	$2	$151.60	$137.57 - $162.82
Q4 2023	12,434	$2	$143.50	$131.97 - $156.28
Q3 2023	12,534	$2	$155.35	$136.32 - $167.91
Q2 2023	12,834	$2	$135.17	$115.31 - $153.46
Q1 2023	13,034	$2	$114.59	$101.78 - $122.01
Q4 2022	13,534	$1	$106.24	$86.17 - $118.04
Q3 2022	13,534	$1,250	$90.56	$74.97 - $100.73
Q2 2022	13,534	$1,095	$80.46	$71.38 - $99.86
Q1 2022	13,734	$1,369	$95.17	$83.04 - $105.56
Q4 2021	13,734	$1,463	$102.11	$96.04 - $109.06
Q3 2021	13,734	$1,389	$98.92	$90.78 - $104.88
Q2 2021	13,734	$1,348	$91.27	$86.18 - $96.71
Q1 2021	13,734	$1,278	$97.10	$85.74 - $107.88
Q4 2020	15,434	$1,452	$76.86	$62.46 - $92.51
Q3 2020	15,434	$1,009	$61.29	$57.07 - $65.43
Q2 2020	16,634	$1,047	$56.81	$44.94 - $65.20
Q1 2020	17,084	$916	$58.14	$39.68 - $67.55
Q4 2019	17,084	$1,109	$56.49	$48.19 - $63.55
Q3 2019	17,222	$925	$51.19	$47.07 - $57.37
Q2 2019	17,322	$1,034	$52.44	$48.74 - $57.18
Q1 2019	17,322	$964	$52.46	$44.87 - $58.05
Q4 2018	17,322	$852	$48.19	$44.03 - $53.86
Q3 2018	17,322	$917	$48.82	$41.35 - $53.03
Q2 2018	17,360	$776	$41.42	$38.33 - $44.31
Q1 2018	17,360	$819	$45.15	$42.38 - $47.60
Q4 2017	17,360	$830	$43.15	$39.05 - $48.44
Q3 2017	17,360	$851	$41.26	$36.25 - $45.98
Q2 2017	17,360	$692	$35.90	$32.59 - $38.55
Q1 2017	17,360	$638	$33.94	$31.79 - $36.72
Q4 2016	17,360	$641	$32.11	$26.91 - $36.08
Q3 2016	17,460	$585	$31.66	$29.30 - $34.60
Q2 2016	8,730	$638	$32.67	$28.96 - $35.93
Q1 2016	8,730	$581	$28.14	$24.03 - $31.71
Q4 2015	8,830	$517	$27.06	$25.07 - $28.21
Q3 2015	8,852	$514	$26.82	$23.34 - $29.11
Q2 2015	8,852	$562	$28.46	$26.44 - $29.77
Q1 2015	8,852	$531	$26.24	$24.58 - $27.59
Q4 2014	8,852	$525	$24.57	$21.25 - $27.36
Q3 2014	8,852	$447	$22.93	$21.11 - $24.24
Q2 2014	8,852	$466	$22.79	$20.66 - $25.32
Q1 2014	8,852	$488	$23.48	$21.22 - $24.91
Q4 2013	9,152	$499	$22.96	$19.78 - $24.97
Q3 2013	9,752	$453	$20.70	$19.33 - $21.97
Q2 2013	10,352	$461	$20.08	$18.35 - $23.78