Caxton Associates LLP Takes Position in Badger Meter, Inc. $BMI

Caxton Associates LLP purchased a new position in shares of Badger Meter, Inc. (NYSE:BMI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,802 shares of the scientific and technical instruments company’s stock, valued at approximately $4,845,000.

Other large investors have also modified their holdings of the company. Kornitzer Capital Management Inc. KS bought a new position in Badger Meter during the first quarter worth $1,447,000. Capital Innovations LLC acquired a new position in shares of Badger Meter during the fourth quarter valued at about $6,867,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Badger Meter during the fourth quarter valued at about $2,126,000. Bessemer Group Inc. boosted its position in shares of Badger Meter by 14.1% during the 4th quarter. Bessemer Group Inc. now owns 166,407 shares of the scientific and technical instruments company’s stock worth $29,023,000 after purchasing an additional 20,624 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Badger Meter by 6,924.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 46,852 shares of the scientific and technical instruments company’s stock worth $8,171,000 after purchasing an additional 46,185 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Trending Headlines about Badger Meter

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

Analyst Ratings Changes

A number of analysts recently commented on BMI shares. Barclays decreased their target price on Badger Meter from $110.00 to $109.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. Maxim Group cut Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Zacks Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. JPMorgan Chase & Co. lowered their target price on Badger Meter from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Wall Street Zen cut Badger Meter from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $163.57.

Badger Meter Stock Performance

BMI stock opened at $123.29 on Friday. The business has a 50-day simple moving average of $134.18 and a two-hundred day simple moving average of $144.10. The company has a market capitalization of $3.60 billion, a P/E 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.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, topping the consensus estimate of $1.01 by $0.01. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.The firm had revenue of $220.30 million during the quarter, compared to the consensus estimate of $220.59 million. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Badger Meter, Inc. will post 4.51 earnings per share for the current fiscal year.

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.