CI Investments Inc. Has $6.23 Million Stock Position in Badger Meter, Inc. $BMI

Posted by George Bondi on Jul 24th, 2026

CI Investments Inc. lifted its stake in shares of Badger Meter, Inc. (NYSE:BMI – Free Report) by 36.1% during the first quarter, Holdings Channel.com reports. The firm owned 40,920 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,843 shares during the period. CI Investments Inc.’s holdings in Badger Meter were worth $6,234,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in Badger Meter in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in Badger Meter by 76.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in Badger Meter in the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. grew its stake in Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Badger Meter in the second quarter valued at approximately $49,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter Stock Down 2.7%

Shares of Badger Meter stock opened at $123.29 on Friday. The company has a market cap of $3.60 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.27 and a beta of 0.64. Badger Meter, Inc. has a 52 week low of $112.09 and a 52 week high of $204.00. The business has a 50 day moving average price of $134.18 and a 200-day moving average price of $144.10.

Badger Meter (NYSE:BMI – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.01. The company had revenue of $220.30 million for the quarter, compared to analysts’ expectations of $220.59 million. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.Badger Meter’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. As a group, research analysts anticipate that Badger Meter, Inc. will post 4.51 EPS for the current year.

Wall Street Analyst Weigh In

BMI has been the topic of a number of research reports. Weiss Ratings lowered Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Stifel Nicolaus set a $170.00 price target on shares of Badger Meter and gave the company a “buy” rating in a research report on Monday. Seaport Research Partners set a $160.00 price objective on shares of Badger Meter in a report on Thursday. Wall Street Zen lowered shares of Badger Meter from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Badger Meter from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Badger Meter currently has an average rating of “Hold” and a consensus target price of $163.57.

Read Our Latest Report on BMI

Key Badger Meter News

Here are the key news stories impacting Badger Meter this week:

Positive Sentiment: JPMorgan Chase kept an overweight rating on Badger Meter and only trimmed its price target slightly to $170 from $172, implying meaningful upside from current levels. JPMorgan price target update
Positive Sentiment: Royal Bank of Canada also reiterated an outperform rating, though it lowered its target to $162 from $169, suggesting analysts still expect recovery potential. RBC price target update
Positive Sentiment: Badger Meter’s Q2 results came in slightly ahead of EPS estimates, with $1.02 per share versus the $1.01 consensus. Q2 2026 results
Neutral Sentiment: Revenue was essentially in line with expectations at $220.3 million, but sales were down 6.6% year over year, and management’s outlook sounded cautious for the back half of the year. Earnings call highlights
Negative Sentiment: Multiple law firms issued reminders about a securities class action and an August 3 lead-plaintiff deadline, keeping legal overhang front and center for investors. Class action reminder
Negative Sentiment: The lawsuit alleges Badger Meter and executives concealed weakening demand and order trends, reinforcing concerns that the recent earnings decline may not be temporary. Allegations in lawsuit

Badger Meter Profile

(Free Report)

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.