<SEC-DOCUMENT>0000897069-21-000196.txt : 20210430
<SEC-HEADER>0000897069-21-000196.hdr.sgml : 20210430
<ACCEPTANCE-DATETIME>20210430172258
ACCESSION NUMBER:		0000897069-21-000196
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20210430
DATE AS OF CHANGE:		20210430
EFFECTIVENESS DATE:		20210430

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BADGER METER INC
		CENTRAL INDEX KEY:			0000009092
		STANDARD INDUSTRIAL CLASSIFICATION:	TOTALIZING FLUID METERS & COUNTING DEVICES [3824]
		IRS NUMBER:				390143280
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-255697
		FILM NUMBER:		21879953

	BUSINESS ADDRESS:	
		STREET 1:		4545 WEST BROWN DEER ROAD
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53223
		BUSINESS PHONE:		4143715702

	MAIL ADDRESS:	
		STREET 1:		4545 W BROWN DEER RD
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53223

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BADGER METER MANUFACTURING CO
		DATE OF NAME CHANGE:	19710729
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>cmw286.htm
<TEXT>
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    <div style="text-align: center; font-weight: bold;">As filed with the Securities and Exchange Commission on April 30, 2021</div>
    <div><br>
    </div>
    <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Registration No. 333-__________</div>
    <div style="text-align: justify;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 468pt">&#160;</font><br>
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    <div style="text-align: center; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">Washington, D.C.&#160; 20549</div>
    <div style="text-align: center;">
      <hr noshade="noshade" align="center" style="height: 1px; width: 70%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 216pt">&#160;</font><br>
    </div>
    <div style="text-align: center; font-weight: bold;">FORM S&#8209;8</div>
    <div style="text-align: center;">REGISTRATION STATEMENT</div>
    <div style="text-align: center;">Under</div>
    <div style="text-align: center;">THE SECURITIES ACT OF 1933</div>
    <div style="text-align: center;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 216pt">&#160;</font><br>
      <hr noshade="noshade" align="center" style="height: 1px; width: 70%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"><font style="font-size: 12pt;"><br>
      </font><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z0be6e2254d504e01a072592ae6953210" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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          <td style="width: 100%; vertical-align: top;" colspan="2">
            <div style="text-align: center;"><font style="font-size: 12pt; font-weight: bold;">Badger Meter, Inc.</font><br>
              <font style="font-size: 8pt;">(Exact name of registrant as specified in its charter)</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">Wisconsin</font><br>
              (State or other jurisdiction<br>
              of incorporation or organization)</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-weight: bold;">39-0143280</font><br>
              (I.R.S. Employer<br>
              Identification No.)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">4545 W. Brown Deer Rd.</div>
            <div style="text-align: center;"><font style="font-weight: bold;">Milwaukee, Wisconsin</font><br>
              (Address of principal executive offices)</div>
          </td>
          <td style="width: 50%; vertical-align: middle;">
            <div style="text-align: center;"><font style="font-weight: bold;">53223</font><br>
              (Zip Code)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;" colspan="2">
            <div style="text-align: center; font-weight: bold;">Badger Meter, Inc. 2021 Omnibus Incentive Plan</div>
            <div style="text-align: center;">&#160;(Full title of the plan)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Kenneth C. Bockhorst</div>
            <div style="text-align: center; font-weight: bold;">Chairman, President and Chief Executive Officer</div>
            <div style="text-align: center; font-weight: bold;">Badger Meter, Inc.</div>
            <div style="text-align: center; font-weight: bold;">4545 W. Brown Deer Rd</div>
            <div style="text-align: center; font-weight: bold;">Milwaukee, Wisconsin 53223</div>
            <div style="text-align: center;"><font style="font-weight: bold;">(414) 355-0400</font><br>
              (Name, address and telephone number, including<br>
              area code, of agent for service)</div>
          </td>
          <td style="width: 50%; vertical-align: middle;">
            <div style="text-align: center;">Copy to:<br>
              <br>
              <font style="font-weight: bold;">Peter D. Fetzer</font></div>
            <div style="text-align: center; font-weight: bold;">Jason M. Hille</div>
            <div style="text-align: center; font-weight: bold;">Foley &amp; Lardner LLP</div>
            <div style="text-align: center; font-weight: bold;">777 East Wisconsin Avenue</div>
            <div style="text-align: center; font-weight: bold;">Milwaukee, Wisconsin 53202</div>
            <div style="text-align: center; font-weight: bold;">(414) 271-2400</div>
            <div style="text-align: center; font-weight: bold;"> <br>
            </div>
          </td>
        </tr>

    </table>
    <div>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.&#160; See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated
      filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.<br>
      <br>
    </div>
    <div style="margin-left: 36pt;">Large accelerated filer&#160; &#9746;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 324pt"> </font>Accelerated filer&#160;&#160; &#9744;</div>
    <div style="margin-left: 36pt;">Non-accelerated filer &#160;&#160; &#9744;<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 324pt"> </font>Smaller reporting company&#160;&#160; &#9744;</div>
    <div style="text-indent: 252pt; margin-left: 36pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Emerging growth company&#160;&#160; &#9744;</div>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the
      Securities Act.&#160; &#9744;</div>
    <div style="text-align: center;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 216pt">&#160;</font><br>
    </div>
    <div style="text-align: center; font-weight: bold;">CALCULATION OF REGISTRATION FEE</div>
    <table cellspacing="0" cellpadding="0" id="z1b844cb0a46a4559b31e374fb19d2161" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <div style="text-align: center;">Title of<br>
              Securities to be<br>
              Registered</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Amount<br>
              to be<br>
              Registered<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div>
          </td>
          <td style="width: 20.95%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Proposed Maximum Offering Price Per Share<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td style="width: 21.9%; vertical-align: bottom; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Proposed Maximum<br>
              Aggregate Offering<br>
              Price<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
          </td>
          <td style="width: 14.29%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
            <div style="text-align: center;">Amount of<br>
              Registration<br>
              Fee</div>
          </td>
        </tr>
        <tr>
          <td style="width: 22.86%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Common Stock,</div>
            <div style="text-align: center;">$1.00 par value</div>
          </td>
          <td style="width: 20%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">1,000,000 shares</div>
          </td>
          <td style="width: 20.95%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$95.73</div>
          </td>
          <td style="width: 21.9%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$95,730,000</div>
          </td>
          <td style="width: 14.29%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">$10,445</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zaedb26439de94bfab0971a194caa0f74" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-top: 6pt;">

        <tr>
          <td style="width: 22.3pt; vertical-align: top; align: right;">(1)</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-size: 8pt;">In addition, pursuant to Rule 416 under the Securities Act of 1933, in the event of a stock split, stock dividend, or similar transaction involving the Common Stock, in order to prevent dilution, the number of
              shares registered shall be automatically increased to cover additional shares.</div>
          </td>
        </tr>

    </table>
    <div style="margin-top: 6pt;">
      <table cellspacing="0" cellpadding="0" id="z81b9ef4d0add440ab4c5825297da7b11" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <td style="width: 22.3pt; vertical-align: top; align: right; font-size: 8pt;">(2)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act of 1933 on the basis of the average of the high and low prices of the Common
                Stock as reported on the New York Stock Exchange on April 27, 2021.<br>
              </div>
            </td>
          </tr>

      </table>
      <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <!--PROfilePageNumberReset%Num%2%%%-->
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">PART I<br>
      <br>
      <br>
      INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The document or documents containing the information specified in Part I are not required to be filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;) as part of this Registration
      Statement.</div>
    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">PART II<br>
      <br>
      <br>
      INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">Item 3.</font><font style="font-weight: bold;">&#160; <u>Incorporation of Documents by Reference</u>.</font></div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The following documents previously filed with the Commission by Badger Meter, Inc. (hereinafter referred to as the &#8220;Company&#8221;) are hereby incorporated herein by reference:</div>
    <table cellspacing="0" cellpadding="0" id="z989365308d5e4d33ba1a38405405b3a0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000009092/000156459021008150/bmi-10k_20201231.htm">The Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2020</a>.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z147f1527d4694211b11c8d9fb33142d5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000009092/000156459021021280/bmi-10q_20210331.htm">The Company&#8217;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021</a>.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="zb42ba778efbc47d2912c4aa51bef657f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(c)</td>
          <td style="width: auto; vertical-align: top;">
            <div><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000009092/000115752321000026/a52358299.htm">The Company&#8217;s Current Reports on Form 8-K filed on January 8, 2021</a> and <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000009092/000156459021022595/bmi-8k_20210430.htm">April 30, 2021</a>.</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" id="z6f34573140da4847a287cb934bded049" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-bottom: 12pt;">

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          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top; align: right;">(d)</td>
          <td style="width: auto; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/9092/000089706908001065/cmw3600.htm">The description of the Company&#8217;s Common Stock, par value $1.00 per share, included in the Company&#8217;s Registration Statement on Form 8-A, dated June 16,
                2008, and any amendments or reports filed for the purpose of updating such description.</a></div>
          </td>
        </tr>

    </table>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) after the date of filing of
      this Registration Statement and prior to such time as the Company files a post-effective amendment to this Registration Statement that indicates that all securities offered hereby have been sold or that deregisters all securities then remaining
      unsold shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents.</div>
    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">Item 4.</font><font style="font-weight: bold;">&#160; <u>Description of Securities</u>.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">Not applicable.</div>
    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">Item 5.</font><font style="font-weight: bold;">&#160; <u>Interests of Named Experts and Counsel</u>.</font></div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Not applicable.</div>
    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">Item 6.</font><font style="font-weight: bold;">&#160; <u>Indemnification of Directors and Officers</u>.</font></div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Pursuant to the Wisconsin Business Corporation Law and the Company&#8217;s Restated By-laws, the Company&#8217;s directors and officers are entitled to mandatory indemnification from the Company against certain
      liabilities and expenses (i) to the extent such officers or directors are successful in the defense of a proceeding and (ii) in proceedings in which the director or officer is not successful in defense thereof, unless (in the latter case only) it is
      determined that the director or officer breached or </div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="margin: 0px 0px 12pt;">failed to perform his duties to the Company and such breach or failure constituted: (a) a willful failure to deal fairly with the Company or its shareholders in connection with a matter in which the director or
      officer had a material conflict of interest; (b) a violation of the criminal law unless the director or officer has reasonable cause to believe his or her conduct was lawful or had no reasonable cause to believe his or her conduct was unlawful; (c) a
      transaction from which the director or officer derived an improper personal profit; or (d) willful misconduct. It should be noted that the Wisconsin Business Corporation Law specifically states that it is the public policy of Wisconsin to require or
      permit indemnification in connection with a proceeding involving securities regulation, as described therein, to the extent required or permitted as described above. Additionally, under the Wisconsin Business Corporation Law, the Company&#8217;s directors
      are not subject to personal liability to the Company, the Company&#8217;s shareholders or any person asserting rights on behalf thereof for certain breaches or failures to perform any duty resulting solely from their status as directors, except in
      circumstances paralleling those in subparagraphs (a) through (d) outlined above.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The indemnification provided by the Wisconsin Business Corporation Law and the Company&#8217;s Restated By-laws is not exclusive of any other rights to which a director or officer may be entitled.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The Company may advance expenses for the defense of any action for which indemnification may be available under certain circumstances.</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">The Company maintains a liability insurance policy for its directors and officers as permitted by Wisconsin law which may extend to, among other things, liability arising under the Securities Act of
      1933, as amended.</div>
    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">Item 7.</font><font style="font-weight: bold;">&#160; <u>Exemption from Registration Claimed</u>.</font></div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">Not Applicable.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 8.&#160; <u>Exhibits</u>.</div>
    <table cellspacing="0" cellpadding="0" id="zdd9beb02323c4545ba03f597c05e3e7f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 27.78%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Exhibit Number</u></div>
          </td>
          <td style="width: 72.22%; vertical-align: bottom;">
            <div style="text-align: center;"><u>Description</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.78%; vertical-align: top;">
            <div style="text-align: center;">(4.1)</div>
          </td>
          <td style="width: 72.22%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/9092/000095013708012927/c47175exv3w2.htm">Restated Articles of Incorporation (as in effect as of August 8, 2008)</a>. [Incorporated by reference to Exhibit (3.2) to Badger Meter, Inc.&#8217;s
              Quarterly Report on Form 10-Q for the period ended September 30, 2008 (Commission File No. 001-06706)].</div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.78%; vertical-align: top;">
            <div style="text-align: center;">(4.2)</div>
          </td>
          <td style="width: 72.22%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/9092/000156459020019644/bmi-ex3_164.htm">Restated By-Laws (as amended and restated as of March 30, 2020)</a>. [Incorporated by reference from Exhibit (3) to Badger Meter, Inc.&#8217;s Quarterly
              Report on Form 10-Q filed for the period ended March 31, 2020 (Commission File No. 001-06706)].</div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.78%; vertical-align: top;">
            <div style="text-align: center;">(4.3)</div>
          </td>
          <td style="width: 72.22%; vertical-align: top;">
            <div><a href="https://www.sec.gov/Archives/edgar/data/9092/000156459021014254/bmi-def14a_20210430.htm">Badger Meter, Inc. 2021 Omnibus Incentive Plan</a> (incorporated by reference to Appendix A to the Company&#8217;s Definitive Proxy Statement on
              Schedule 14A filed on March 19, 2021).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.78%; vertical-align: top;">
            <div style="text-align: center;">(5)</div>
          </td>
          <td style="width: 72.22%; vertical-align: top;">
            <div><a href="cmw286a.htm">Opinion of Foley &amp; Lardner LLP.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.78%; vertical-align: top;">
            <div style="text-align: center;">(23.1)</div>
          </td>
          <td style="width: 72.22%; vertical-align: top;">
            <div><a href="cmw286b.htm">Consent of Ernst &amp; Young LLP.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.78%; vertical-align: top;">
            <div style="text-align: center;">(23.2)</div>
          </td>
          <td style="width: 72.22%; vertical-align: top;">
            <div>Consent of Foley &amp; Lardner LLP (contained in Exhibit 5 hereto).</div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.78%; vertical-align: top;">
            <div style="text-align: center;">(24)</div>
          </td>
          <td style="width: 72.22%; vertical-align: top;">
            <div>Power of Attorney (included on the signature page hereto).</div>
          </td>
        </tr>

    </table>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-weight: bold;">Item 9.&#160; <u>Undertakings</u>.</div>
    <div style="margin-bottom: 12pt; text-indent: 72pt;">(a)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The undersigned Company hereby undertakes:</div>
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    <div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 108pt; margin-bottom: 12pt;"><br>
              </div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin: 0px 0px 12pt; text-indent: 72pt;">(i)&#160;&#160;&#160;&#160; To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</div>
            </td>
          </tr>

      </table>
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    <div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 108pt; margin-bottom: 12pt;"><br>
              </div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin: 0px 0px 12pt; text-indent: 72pt;">(ii)&#160;&#160;&#160;&#160; To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which,
                individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement.&#160; Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value
                of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
                424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration statement; and</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
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          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 108pt; margin-bottom: 12pt;"><br>
              </div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin: 0px 0px 12pt; text-indent: 72pt;">(iii)&#160;&#160;&#160;&#160; To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in
                the Registration Statement;</div>
            </td>
          </tr>

      </table>
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    <div style="margin-bottom: 12pt;"><font style="font-style: italic;">provided, however</font>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is
      contained in periodic reports filed with or furnished to the Commission by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</div>
    <div style="margin-bottom: 12pt; text-indent: 72pt;">(2)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>That, for the purpose of determining any liability under the Securities Act of
      1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div style="margin-bottom: 12pt; text-indent: 72pt;">(3)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>To remove from registration by means of a post-effective amendment any of the
      securities being registered which remain unsold at the termination of the offering.</div>
    <div style="margin-bottom: 12pt; text-indent: 72pt;">(b)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The undersigned Company hereby undertakes that, for purposes of determining any
      liability under the Securities Act of 1933, each filing of the Company&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new
      registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
    <div style="margin-bottom: 12pt; text-indent: 72pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <div style="margin-bottom: 12pt; text-indent: 72pt;">(c)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>Insofar as indemnification for liabilities arising under the Securities Act of 1933
      may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Commission such indemnification is against public policy as
      expressed in the Securities Act of 1933 and is, therefore, unenforceable.&#160; In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or
      controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of
      its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed
      by the final adjudication of such issue.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
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    <div style="text-align: center; margin-bottom: 12pt; font-weight: bold;">SIGNATURES</div>
    <div style="text-indent: 72pt; margin-bottom: 12pt;">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&#160;S&#8209;8 and has
      duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Milwaukee, State of Wisconsin, as of April 30, 2021.</div>
    <div style="text-align: justify; margin-left: 234pt; font-weight: bold;"><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab">&#160;</font>BADGER METER, INC.</div>
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    </div>
    <div><br>
    </div>
    <div><br>
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    <div><br>
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    <div style="text-indent: 72pt; margin-bottom: 6pt;">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and as of April 30, 2021.&#160; Each person whose
      signature appears below constitutes and appoints Kenneth C. Bockhorst, Robert A. Wrocklage and William R. A. Bergum, and each of them individually, his or her true and lawful attorney-in-fact and agent, with full power of substitution and
      resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign his or her name as a director of Badger Meter, Inc. to any and all amendments (including post-effective amendments) to this Registration
      Statement, and any additional registration statement to be filed pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
      Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as
      he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</div>
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              Kenneth C. Bockhorst</div>
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            <div>Chairman, President and Chief Executive Officer</div>
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              Robert A. Wrocklage</div>
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            <div>Senior Vice President and Chief Financial Officer</div>
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          <td style="width: 3.6%; vertical-align: top;">&#160;</td>
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          <td style="width: 47.12%; vertical-align: top;">&#160;</td>
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          <td style="width: 45.68%; vertical-align: bottom;">&#160;</td>
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            <div>Gale E. Klappa</div>
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          <td style="width: 3.6%; vertical-align: top;">&#160;</td>
          <td style="width: 45.68%; vertical-align: top;">
            <div>Director</div>
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          <td style="width: 3.6%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 47.12%; vertical-align: top;">&#160;</td>
          <td style="width: 3.6%; vertical-align: top;">&#160;</td>
          <td style="width: 45.68%; vertical-align: bottom;">&#160;</td>
          <td style="width: 3.6%; vertical-align: top;">&#160;</td>
        </tr>
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            <div>James W. McGill</div>
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            <div><u>/s/ Tessa M. Myers</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
            <div>Tessa M. Myers</div>
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            <div><u>/s/ James F. Stern</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
            <div>James F. Stern</div>
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            <div><u>/s/ Glen E. Tellock</u><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</font></div>
            <div>Glen E. Tellock</div>
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  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">S-2</font></div>
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<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>2
<FILENAME>cmw286a.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Foley & Lardner LLP
         Document created using EDGARfilings PROfile 7.4.1.0
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 5</font><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zf0b48bffdb9a4e8eb292289e41bd78c5">

        <tr>
          <td style="width: 69.43%; vertical-align: top;">
            <div><img width="157" height="65" src="image0.jpg"></div>
            <div style="text-align: center; margin-left: 72pt;">April 30, 2021</div>
          </td>
          <td style="width: 30.57%; vertical-align: top;">
            <div style="font-size: 8pt; font-weight: bold;">ATTORNEYS AT LAW</div>
            <div style="font-size: 8pt;">777 EAST WISCONSIN AVENUE</div>
            <div style="font-size: 8pt;">MILWAUKEE, WI&#160; 53202-5306</div>
            <div style="font-size: 8pt;">414.271.2400 TEL</div>
            <div style="font-size: 8pt;">414.297.4900 FAX</div>
            <div style="font-size: 8pt;">www.foley.com</div>
            <div>&#160;</div>
            <div style="font-size: 8pt;">CLIENT/MATTER NUMBER</div>
            <div style="font-size: 8pt;">014180-0165</div>
          </td>
        </tr>

    </table>
    <div style="margin-bottom: 6pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z401a01e25a4043a0be6f17a995cb7566">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div>Badger Meter, Inc.</div>
            <div>4545 West Brown Deer Road</div>
            <div>Milwaukee, Wisconsin&#160; 53223</div>
          </td>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="margin-bottom: 12pt;">Ladies and Gentlemen:</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">We have acted as counsel for Badger Meter, Inc., a Wisconsin corporation (the &#8220;Company&#8221;), in connection with the preparation of a Registration Statement on Form S-8 (the
      &#8220;Registration Statement&#8221;) to be filed by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), relating to the registration of 1,000,000 shares of the Company&#8217;s Common Stock, $1
      par value (the &#8220;Common Stock&#8221;), which may be issued pursuant to the Badger Meter, Inc. 2021 Omnibus Incentive Plan (the &#8220;Plan&#8221;).</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">As counsel to the Company, we have examined: (i) the Registration Statement, including the exhibits filed therewith or incorporated by reference constituting a part of the
      Registration Statement; (ii) the Plan and related documents; (iii) resolutions of the Board of Directors of the Company relating to the Registration Statement and the Plan and the issuance of Common Stock pursuant thereto; (iv) the Company&#8217;s Restated
      Articles of Incorporation and Restated By-laws, as amended to date; and (v) such other corporate proceedings, documents and records and certificates of government officials as we have deemed necessary or appropriate to enable us to render this
      opinion.&#160; In all such examinations, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents, certificates, and instruments submitted to us as originals and the conformity with
      the originals of all documents submitted to us as copies. We have also assumed the validity and constitutionality of each relevant statute, rule, regulation and agency action covered by this opinion letter.&#160; We have, among other things, relied upon
      certificates of government officials and, as to various factual matters, certificates of officers of the Company and the representations and statements of fact made in the documents so reviewed, and we have not independently established the facts so
      relied on.</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">Based upon and subject to the foregoing, and assuming that (a) the Registration Statement and any amendments thereto (including post-effective amendments) will have become
      effective and comply with all applicable laws; (b) the Registration Statement will be effective and will comply with all applicable laws at the time the Common Stock is offered or issued as contemplated by the Registration Statement; and (c) all
      Common Stock will be issued and sold in compliance with applicable federal and state securities laws and in the manner stated in the Registration Statement, we are of the opinion that:</div>
    <div style="margin-bottom: 12pt; text-indent: 36pt;">1.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18pt" id="TRGRRTFtoHTMLTab">&#160;</font>The Company is a corporation validly existing under the laws of the State of
      Wisconsin.</div>
    <div style="margin-bottom: 12pt; text-indent: 36pt;"><br>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z962175ae4e5348449015221c8f5db9ee">

          <tr>
            <td style="width: 19.99%; vertical-align: top;">
              <div style="font-size: 8pt;">AUSTIN</div>
              <div style="font-size: 8pt;">BOSTON</div>
              <div style="font-size: 8pt;">CHICAGO</div>
              <div style="font-size: 8pt;">DALLAS</div>
              <div style="font-size: 8pt;">DENVER</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="font-size: 8pt;">DETROIT</div>
              <div style="font-size: 8pt;">HOUSTON</div>
              <div style="font-size: 8pt;">JACKSONVILLE</div>
              <div style="font-size: 8pt;">LOS ANGELES</div>
              <div style="font-size: 8pt;">MADISON</div>
            </td>
            <td style="width: 19.99%; vertical-align: top;">
              <div style="font-size: 8pt;">MEXICO CITY</div>
              <div style="font-size: 8pt;">MIAMI</div>
              <div style="font-size: 8pt;">MILWAUKEE</div>
              <div style="font-size: 8pt;">NEW YORK</div>
              <div style="font-size: 8pt;">ORLANDO</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="font-size: 8pt;">SACRAMENTO</div>
              <div style="font-size: 8pt;">SAN DIEGO</div>
              <div style="font-size: 8pt;">SAN FRANCISCO</div>
              <div style="font-size: 8pt;">SILICON VALLEY</div>
              <div style="font-size: 8pt;">TALLAHASSEE</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="font-size: 8pt;">TAMPA</div>
              <div style="font-size: 8pt;">WASHINGTON, D.C.</div>
              <div style="font-size: 8pt;">BRUSSELS</div>
              <div style="font-size: 8pt;">TOKYO</div>
            </td>
          </tr>

      </table>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="margin: 0px 0px 12pt;"><br>
      <br>
      <div style="margin-top: 8pt; margin-bottom: 12pt;"><img width="115" height="47" src="image0.jpg"></div>
      <div>Badger Meter, Inc.</div>
      <div>April 30, 2021</div>
      <div style="margin-bottom: 24pt;">Page 2</div>
    </div>
    <div style="margin-bottom: 12pt; text-indent: 36pt;">2.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 18pt" id="TRGRRTFtoHTMLTab">&#160;</font>The shares of Common Stock that are subject to the Registration Statement, when
      issued and paid for in the manner provided in the Plan and as contemplated by the Registration Statement, will be validly issued, fully paid and nonassessable.</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">With respect to paragraph 2 above, at one time Section 180.0622(2)(b) of the Wisconsin Business Corporation Law imposed personal liability upon shareholders for debts owing to
      employees of the Company for services performed, but not exceeding six months&#8217; service in any one case.&#160;&#160;This statutory provision was repealed by 2005 Wisconsin Act 474, which provided that the repeal applies to debts incurred on or after June 14,
      2006.</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">We consent to the use of this opinion as an exhibit to the Registration Statement and to references to our firm therein.&#160; In giving our consent, we do not admit that we are
      &#8220;experts&#8221; within the meaning of Section 11 of the Securities Act or within the category of persons whose consent is required by Section 7 of the Securities Act.</div>
    <div style="margin-left: 234pt;">Very truly yours,<br>
      <br>
      <br>
    </div>
    <div style="margin-left: 234pt;">/s/ Foley &amp; Lardner LLP</div>
    <div style="margin-left: 234pt;">FOLEY &amp; LARDNER LLP</div>
    <div><br>
    </div>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>cmw286b.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Foley & Lardner LLP
         Document created using EDGARfilings PROfile 7.4.1.0
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-size: 8pt;">&#160;<font style="font-weight: bold; font-size: 10pt;">Exhibit 23.1</font><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold; clear: both;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the Badger Meter, Inc. 2021 Omnibus Incentive Plan of our
      report dated February 24, 2021, with respect to the consolidated financial statements of Badger Meter, Inc. and the effectiveness of internal control over financial reporting of Badger Meter, Inc. included in its Annual Report (Form 10-K) for the
      year ended December 31, 2020, filed with the Securities and Exchange Commission.</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">/s/ Ernst &amp; Young LLP</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">Milwaukee, Wisconsin</div>
    <div style="font-size: 12pt;">April 30, 2021</div>
    <div><br>
    </div>
    <div><br>
    </div>
  </div>
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<TYPE>GRAPHIC
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
