Erste Asset Management GmbH boosted its holdings in Badger Meter, Inc. (NYSE:BMI – Free Report) by 69.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 35,623 shares of the scientific and technical instruments company’s stock after buying an additional 14,621 shares during the period. Erste Asset Management GmbH’s holdings in Badger Meter were worth $6,340,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Badger Meter by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,979,893 shares of the scientific and technical instruments company’s stock valued at $694,133,000 after acquiring an additional 19,585 shares in the last quarter. State Street Corp raised its stake in Badger Meter by 1.4% during the 2nd quarter. State Street Corp now owns 1,462,807 shares of the scientific and technical instruments company’s stock valued at $358,315,000 after buying an additional 20,122 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Badger Meter by 20.9% during the 3rd quarter. Invesco Ltd. now owns 970,219 shares of the scientific and technical instruments company’s stock valued at $173,262,000 after buying an additional 168,053 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Badger Meter by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 876,854 shares of the scientific and technical instruments company’s stock valued at $152,951,000 after buying an additional 4,035 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Badger Meter by 39.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 754,402 shares of the scientific and technical instruments company’s stock valued at $131,592,000 after buying an additional 212,448 shares during the period. 89.01% of the stock is owned by institutional investors.
Badger Meter Price Performance
NYSE BMI opened at $130.39 on Tuesday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.27 and a beta of 0.68. Badger Meter, Inc. has a 1-year low of $112.09 and a 1-year high of $251.54. The business’s fifty day moving average price is $131.52 and its 200-day moving average price is $153.21.
Badger Meter Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 22nd. Badger Meter’s dividend payout ratio is 36.12%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Robert W. Baird lowered their price target on Badger Meter from $173.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, April 20th. Maxim Group cut Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Badger Meter in a report on Thursday, May 21st. Weiss Ratings cut Badger Meter from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered their price target on Badger Meter from $190.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $155.86.
Check Out Our Latest Research Report on BMI
Insider Transactions at Badger Meter
In related news, VP Christina M. Tarantino acquired 870 shares of Badger Meter stock in a transaction dated Tuesday, April 21st. The stock was purchased at an average cost of $113.80 per share, for a total transaction of $99,006.00. Following the purchase, the vice president directly owned 1,801 shares of the company’s stock, valued at approximately $204,953.80. This trade represents a 93.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Wrocklage acquired 1,000 shares of Badger Meter stock in a transaction dated Thursday, April 23rd. The stock was bought at an average price of $122.35 per share, with a total value of $122,350.00. Following the completion of the purchase, the executive vice president directly owned 23,321 shares in the company, valued at $2,853,324.35. This represents a 4.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 6,628 shares of company stock worth $777,128 over the last three months. 1.00% of the stock is currently owned by insiders.
Key Badger Meter News
Here are the key news stories impacting Badger Meter this week:
- Positive Sentiment: Stifel Nicolaus remained positive on Badger Meter, keeping a Buy rating, which supports the investment case despite the legal overhang. Article Title
- Neutral Sentiment: Several outlets highlighted Badger Meter’s Q1 earnings versus peers in the inspection instruments group, keeping attention on fundamentals rather than adding a clear new catalyst. Article Title
- Negative Sentiment: Rosen Law Firm, Schall Law Firm, Faruqi & Faruqi, Levi & Korsinsky, Glancy Prongay Wolke & Rotter, and Bronstein, Gewirtz & Grossman all publicized or advanced a class action lawsuit against Badger Meter, alleging investors were harmed during the April 2024 to April 2026 period. These repeated legal notices can create uncertainty and pressure the stock. Article Title
About Badger Meter
Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.
The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.
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