Fifth Third Bancorp Has $3.11 Million Stake in Badger Meter, Inc. $BMI

Fifth Third Bancorp boosted its holdings in Badger Meter, Inc. (NYSE:BMI) by 9,963.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 20,429 shares of the scientific and technical instruments company’s stock after acquiring an additional 20,226 shares during the quarter. Fifth Third Bancorp’s holdings in Badger Meter were worth $3,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BMI. Norges Bank acquired a new position in Badger Meter during the fourth quarter worth $83,819,000. UBS Group AG lifted its position in Badger Meter by 89.2% in the 4th quarter. UBS Group AG now owns 712,650 shares of the scientific and technical instruments company’s stock valued at $124,293,000 after acquiring an additional 335,953 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Badger Meter by 39.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 754,402 shares of the scientific and technical instruments company’s stock valued at $131,592,000 after acquiring an additional 212,448 shares in the last quarter. Amundi boosted its stake in Badger Meter by 99.5% during the 3rd quarter. Amundi now owns 401,668 shares of the scientific and technical instruments company’s stock valued at $72,203,000 after purchasing an additional 200,330 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. increased its holdings in Badger Meter by 336.3% during the 4th quarter. Bowen Hanes & Co. Inc. now owns 257,280 shares of the scientific and technical instruments company’s stock worth $44,872,000 after purchasing an additional 198,305 shares in the last quarter. Institutional investors own 89.01% of the company’s stock.

Badger Meter Stock Down 0.1%

Shares of NYSE BMI opened at $149.27 on Monday. Badger Meter, Inc. has a twelve month low of $112.09 and a twelve month high of $249.56. The stock’s 50 day moving average price is $132.60 and its 200-day moving average price is $145.22. The company has a market capitalization of $4.36 billion, a PE ratio of 33.70, a PEG ratio of 2.68 and a beta of 0.64.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 EPS for the quarter. The company had revenue of $220.71 million during the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%. As a group, research analysts expect that Badger Meter, Inc. will post 4.51 EPS for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Badger Meter’s dividend payout ratio (DPR) is currently 36.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Maxim Group lowered Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Zacks Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. dropped their price objective on Badger Meter from $190.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Badger Meter in a report on Thursday, May 21st. Finally, Stifel Nicolaus set a $140.00 target price on shares of Badger Meter in a research note on Friday, May 22nd. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $155.71.

Insider Activity

In related news, VP Richard Htwe purchased 1,700 shares of Badger Meter stock in a transaction that occurred on Tuesday, April 21st. The stock was bought at an average price of $116.13 per share, for a total transaction of $197,421.00. Following the completion of the transaction, the vice president owned 7,603 shares in the company, valued at $882,936.39. This represents a 28.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Wrocklage purchased 1,000 shares of Badger Meter stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average price of $122.35 per share, with a total value of $122,350.00. Following the transaction, the executive vice president owned 23,321 shares of the company’s stock, valued at $2,853,324.35. This trade represents a 4.48% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 6,628 shares of company stock worth $777,128. 1.00% of the stock is owned by insiders.

More Badger Meter News

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

• Negative Sentiment: Several law firms reminded investors about a pending securities class action against Badger Meter, with a lead plaintiff deadline of August 3, 2026, increasing attention on litigation risk and potential downside for the stock. Article Title
• Negative Sentiment: The class action alleges investor harm during the April 18, 2024 to April 16, 2026 period, suggesting concerns about possible securities fraud claims and adding uncertainty for shareholders. Article Title
• Negative Sentiment: Additional notices from other firms, including Rosen, Pomerantz, Berger Montague, and others, reinforced the same litigation overhang and kept Badger Meter in the news for legal rather than business reasons. Article Title

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.