Badger Meter
About: Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.
Employees: 2,140
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
86% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 36
37% more call options, than puts
Call options by funds: $7.86M | Put options by funds: $5.74M
14% more capital invested
Capital invested by funds: $4.26B [Q1] → $4.85B (+$594M) [Q2]
8% more funds holding
Funds holding: 409 [Q1] → 440 (+31) [Q2]
1.23% less ownership
Funds ownership: 89.9% [Q1] → 88.67% (-1.23%) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 172
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Seaport Global Scott Graham 50% 1-year accuracy 2 / 4 met price target | 4%upside $235 | Buy Initiated | 11 Sept 2024 |
Argus Research John Eade 80% 1-year accuracy 20 / 25 met price target | 4%downside $218 | Buy Maintained | 23 Jul 2024 |
Baird Robert Mason 63% 1-year accuracy 5 / 8 met price target | 19%downside $184 | Neutral Maintained | 22 Jul 2024 |
Stifel Nathan Jones 90% 1-year accuracy 55 / 61 met price target | 15%downside $192 | Hold Maintained | 18 Jul 2024 |
Financial journalist opinion
Based on 17 articles about BMI published over the past 30 days