Fundsmith Adds $19M in Badger Meter, Inc. ($BMI)

Fundsmith has taken a new position in Badger Meter, Inc. (NYSE:BMI), according to its latest filing with the SEC. The fund acquired 142,491 shares, valued at approximately $18.77 million. This move, disclosed in a 13F filing, represents a fresh investment in the company.

What Changed in Fundsmith's Badger Meter Position

Fundsmith's acquisition of 142,491 shares in Badger Meter marks a new entry into the stock. The shares, valued at about $18.77 million, were purchased at a cost basis of $155.12 per share. This filing reflects holdings as of the last reporting period and may not represent Fundsmith's current position.

Other Institutional Activity in Badger Meter

Several other institutional investors have made changes to their holdings in Badger Meter. BlackRock, Inc. reduced its stake by 177,500 shares, ending with 4,951,882 shares valued at approximately $754.42 million. Vanguard Portfolio Management LLC added 2,451,651 shares, resulting in a total of 2,451,651 shares worth about $373.51 million. State Street Corp increased its holdings by 66,396 shares, bringing its total to 1,524,970 shares valued at $232.33 million. Additionally, Geode Capital Management, LLC boosted its stake by 61,977 shares to 938,831 shares, valued at $143.05 million.

Badger Meter, Inc. Stock Snapshot

Shares of Badger Meter, Inc. traded near $131.73. The company has a market cap of approximately $3.84 billion and a P/E ratio of 29.74. Its stock has a 52-week low of $112.09 and a high of $251.54. The 50-day moving average is $129.08, while the 200-day moving average stands at $160.04. Badger Meter has a current ratio of 3.0 and a quick ratio of 1.864.

Recent Earnings

Badger Meter reported revenue of $896.73 million, with a revenue growth rate of -9%. The company achieved a net margin of 14.56% and a return on equity of 19.60%. Its earnings per share stood at $4.43. The next earnings report is expected on July 22, 2026.

Dividend

Badger Meter pays an annual dividend rate of $1.60, yielding 1.21%. The dividend payout ratio is 34.84%.

Insider Buying and Selling at Badger Meter, Inc.

Recent insider activity at Badger Meter includes several purchases. On May 1, 2026, Liu Xia bought 131 shares at an average price of $152.35. Earlier, on April 27, 2026, insiders including James Stern, Todd Adams, and Liu Xia each acquired 952 shares at $122.96 per share.

Analysts Set New Price Targets

On April 20, 2026, RBC Capital maintained its 'buy' rating with a price target of $169. Barclays, on the same date, kept a 'sell' rating with a $110 target. Meanwhile, Stifel and Baird also maintained 'buy' ratings, setting targets at $140 and $145, respectively. Overall, the consensus recommendation is a 'buy', with a target mean price of $147 based on nine analyst opinions.

About Badger Meter, Inc.

Badger Meter, Inc., headquartered in Milwaukee, Wisconsin, is a technology company specializing in flow measurement and control solutions. It serves a variety of markets, including municipal water utilities, commercial, and industrial sectors. The company offers a range of products such as smart metering solutions, flow instrumentation, and water quality monitoring systems. Led by CEO Kenneth C. Bockhorst, Badger Meter employs around 2,477 people.

Bottom Line

Fundsmith's new position in Badger Meter, Inc. adds to the mix of institutional interest in the company, reflecting its potential appeal. Investors often track such filings for insights, though it's important to note that 13F filings are backward-looking and may not indicate current positions. With ongoing insider buying and a positive analyst outlook, Badger Meter remains a stock to watch.