The Manufacturers Life Insurance Company Invests $2.30 Million in Badger Meter, Inc. $BMI

Posted by Brian Himes on Sep 3rd, 2026

The Manufacturers Life Insurance Company bought a new position in shares of Badger Meter, Inc. (NYSE:BMI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,489 shares of the scientific and technical instruments company’s stock, valued at approximately $2,298,000. The Manufacturers Life Insurance Company owned about 0.05% of Badger Meter as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Badger Meter in the 4th quarter worth $227,000. NewEdge Advisors LLC grew its position in shares of Badger Meter by 328.0% during the first quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock valued at $717,000 after purchasing an additional 2,886 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Badger Meter by 10.6% during the second quarter. Cetera Investment Advisers now owns 2,334 shares of the scientific and technical instruments company’s stock valued at $572,000 after purchasing an additional 223 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Badger Meter in the second quarter worth about $200,000. Finally, California Public Employees Retirement System increased its holdings in shares of Badger Meter by 11.2% in the second quarter. California Public Employees Retirement System now owns 50,225 shares of the scientific and technical instruments company’s stock worth $12,303,000 after purchasing an additional 5,041 shares during the last quarter. 89.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on BMI shares. Stifel Nicolaus set a $170.00 price target on Badger Meter and gave the company a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. reduced their price objective on Badger Meter from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Barclays reaffirmed an “underweight” rating and set a $112.00 price objective (up from $109.00) on shares of Badger Meter in a report on Tuesday, July 28th. Weiss Ratings upgraded Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $164.00.

Get Our Latest Report on Badger Meter

Badger Meter Trading Up 0.2%

BMI opened at $132.54 on Thursday. The firm has a market cap of $3.84 billion, a P/E ratio of 30.97, a P/E/G ratio of 3.26 and a beta of 0.65. Badger Meter, Inc. has a 12 month low of $112.09 and a 12 month high of $204.00. The stock has a 50-day moving average of $137.69 and a 200 day moving average of $138.16.

Badger Meter (NYSE:BMI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The business had revenue of $220.30 million for the quarter, compared to the consensus estimate of $220.59 million. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. On average, research analysts forecast that Badger Meter, Inc. will post 4.5 earnings per share for the current fiscal year.

Badger Meter Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 28th. This is a boost from Badger Meter’s previous quarterly dividend of $0.40. Badger Meter’s payout ratio is currently 41.12%.

Insiders Place Their Bets

In related news, VP Edward F. Callahan purchased 751 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was bought at an average cost of $135.25 per share, for a total transaction of $101,572.75. Following the completion of the transaction, the vice president directly owned 1,937 shares in the company, valued at $261,979.25. This represents a 63.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

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.