Badger Meter, Inc. $BMI Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. trimmed its holdings in Badger Meter, Inc. (NYSE:BMI) by 95.6% during the first quarter, HoldingsChannel reports. The firm owned 11,275 shares of the scientific and technical instruments company’s stock after selling 246,005 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Badger Meter were worth $1,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Badger Meter in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its stake in Badger Meter by 76.5% during 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 buying an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in Badger Meter in the 4th quarter valued at $27,000. Brown Brothers Harriman & Co. grew its holdings in Badger Meter by 62.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 71 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Badger Meter in the 2nd quarter worth $49,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter News Summary

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 Stock Down 2.7%

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

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, beating the consensus estimate of $1.01 by $0.01. The business had revenue of $220.30 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 EPS. As a group, sell-side analysts anticipate that Badger Meter, Inc. will post 4.51 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on BMI shares. Stifel Nicolaus set a $170.00 price target on Badger Meter and gave the stock a “buy” rating in a report on Monday. Maxim Group lowered shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Barclays cut their price objective on shares of Badger Meter from $110.00 to $109.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. Robert W. Baird set a $167.00 target price on shares of Badger Meter and gave the stock an “outperform” rating in a research note on Thursday. Finally, Royal Bank Of Canada decreased their target price on shares of Badger Meter from $169.00 to $162.00 and set an “outperform” rating on the stock in a report on Thursday. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $163.57.

Badger Meter Company Profile

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.