Renaissance Technologies LLC Purchases 60,800 Shares of Badger Meter, Inc. $BMI

Renaissance Technologies LLC grew its position in shares of Badger Meter, Inc. (NYSE:BMI) by 43.9% in the first quarter, Holdings Channel reports. The firm owned 199,200 shares of the scientific and technical instruments company’s stock after purchasing an additional 60,800 shares during the period. Renaissance Technologies LLC’s holdings in Badger Meter were worth $30,348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BMI. Brighton Jones LLC purchased a new position in Badger Meter during the fourth quarter worth about $227,000. NewEdge Advisors LLC boosted its position in shares of Badger Meter by 328.0% during the 1st quarter. NewEdge Advisors LLC now owns 3,766 shares of the scientific and technical instruments company’s stock valued at $717,000 after acquiring an additional 2,886 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Badger Meter by 10.6% during the 2nd quarter. Cetera Investment Advisers now owns 2,334 shares of the scientific and technical instruments company’s stock valued at $572,000 after acquiring an additional 223 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Badger Meter during the second quarter worth about $200,000. Finally, California Public Employees Retirement System increased its position 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. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Key Headlines Impacting Badger Meter

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

• Negative Sentiment: Multiple law firms announced or promoted a securities class action against Badger Meter and certain officers. The lawsuit covers investors who purchased Badger Meter securities between April 18, 2024, and April 16, 2026, and alleges violations of federal securities laws. If successful, the litigation could create legal costs, potential damages, and reputational risk for the company. Bronstein Gewirtz Grossman class-action announcement
• Neutral Sentiment: The repeated announcements primarily remind eligible investors of the August 3, 2026 deadline to seek appointment as lead plaintiff. These are largely law-firm solicitation notices and do not establish that the allegations have been proven or indicate the likely outcome of the case. Rosen Law Firm Badger Meter deadline notice
• Neutral Sentiment: No new earnings, guidance, product, or contract news was included in these reports. The stock’s increase therefore appears not to be explained by the legal announcements; investors may instead be reacting to broader market factors, technical trading, or expectations surrounding the company’s outlook. Badger Meter’s latest reported quarter included a slight EPS beat, but revenue declined year over year.

Badger Meter Stock Performance

BMI stock opened at $134.64 on Wednesday. Badger Meter, Inc. has a 52 week low of $112.09 and a 52 week high of $204.00. The firm’s fifty day moving average is $134.92 and its 200 day moving average is $143.14. The firm has a market cap of $3.90 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.34 and a beta of 0.64.

Badger Meter (NYSE:BMI) last posted its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.01. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The business had revenue of $220.30 million during the quarter, compared to the consensus estimate of $220.59 million. During the same period in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, analysts forecast that Badger Meter, Inc. will post 4.43 EPS for the current year.

Wall Street Analyst Weigh In

BMI has been the subject of a number of research reports. Royal Bank Of Canada cut their price target on shares of Badger Meter from $169.00 to $162.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Badger Meter from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Badger Meter from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Robert W. Baird set a $167.00 target price on Badger Meter and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Barclays restated an “underweight” rating and set a $112.00 price target (up from $109.00) on shares of Badger Meter in a research report on Tuesday. 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $164.00.

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.