Badger Meter (BMI)

With more than a century of water technology innovation, Badger Meter is a global provider of industry leading water solutions encompassing flow measurement, quality and other system parameters. These offerings provide the customers with the data and analytics essential to optimize their operations and contribute to the sustainable use and protection of the world's most precious resource.

Company profile

Ticker

BMI

Exchange

NYSE

Website

www.badgermeter.com

CEO

Kenneth Bockhorst

Incorporated

Wisconsin

Location

Wisconsin

Fiscal year end

Dec 31

Sector

Manufacturing > Totalizing Fluid Meter and Counting Device Manufacturing

Industry (SIC)

Totalizing Fluid Meters & Counting Devices

Vontier ...

SEC CIK

0000009092

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Analytical Technologies, Inc. • Badger Meter de las Americas, SA • Badger Meter Canada, Inc. • Badger Meter Czech Republic, s.r.o. • Badger Meter Europe, GmbH • Badger Meter International, Inc. • (an international holding company • Badger Meter de Mexico, SA • Badger Meter Swiss, AG • Badger Meter UK Limited ...

IRS number

390143280

BMI stock data

1M 1Y 5Y

News

From Benzinga Pro

Stocks That Hit 52-Week Lows On Tuesday

14 Jun 22

On Tuesday, 951 companies hit new 52-week lows.

Morgan Stanley Maintains Underweight on Badger Meter, Lowers Price Target to $80

9 Jun 22

Morgan Stanley maintains Badger Meter (NYSE:BMI) with a Underweight and lowers the price target from $95 to $80.

Stocks That Hit 52-Week Lows On Thursday

28 Apr 22

During Thursday, 849 stocks hit new 52-week lows.

Stocks That Hit 52-Week Lows On Monday

25 Apr 22

Badger Meter Clocks 12% Revenue Growth In Q1; Margins Shrink Due To Inflation, Component Crisis

19 Apr 22

Press releases

From Benzinga Pro

Badger Meter Releases 2020-2021 Biennial Sustainability Report

16 Jun 22

Badger Meter, Inc. (NYSE:BMI) today announced that it has released its biennial 2020-2021 Sustainability Report highlighting its commitment and progress related to Environmental, Social and Governance ("ESG")

A. O. Smith's Jim Stern Named Water Quality Association President

9 May 22

MILWAUKEE, May 9, 2022 /PRNewswire/ -- A. O. Smith Corporation (NYSE:AOS), a leader in water heating and water treatment solutions, announces Jim Stern, executive vice president, general counsel and secretary, as the new

Badger Meter Declares Regular Quarterly Dividend

29 Apr 22

The Badger Meter, Inc. (NYSE:BMI) Board of Directors today declared a regular quarterly cash dividend of twenty cents ($0.20) per share to shareholders of record on May 27, 2022, payable June 10, 2022. About Badger

Badger Meter Reports First Quarter 2022 Results

19 Apr 22

Analyst ratings and price targets

Last 3 months

Calendar

28 Apr 22

26 Jun 22

31 Dec 22

Financial summary

Financial statements Chart BMI financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

BMI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 May 22	Tellock Glen E	Common Stock	Grant	Acquire A	No	No	80.44	767	61.7K	6,081
2 May 22	Stern James F	Common Stock	Grant	Acquire A	No	No	80.44	767	61.7K	6,081
2 May 22	Myers Tessa M.	Common Stock	Grant	Acquire A	No	No	80.44	767	61.7K	3,443
2 May 22	James W McGill	Common Stock	Grant	Acquire A	No	No	80.44	767	61.7K	2,423
2 May 22	Klappa Gale E	Common Stock	Grant	Acquire A	No	No	80.44	767	61.7K	20,427

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

BMI institutional ownership history Ownership history

84.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	277	268	+3.4%
Opened positions	44	39	+12.8%
Closed positions	35	21	+66.7%
Increased positions	88	82	+7.3%
Reduced positions	96	94	+2.1%

13F shares	Current	Prev Q	Change
Total value	2.68B	11.7B	-77.1%
Total shares	24.86M	27.41M	-9.3%
Total puts	5.8K	5.9K	-1.7%
Total calls	4.9K	11.8K	-58.5%
Total put/call ratio	1.2	0.5	+136.7%

Largest owners	Shares	Value	Change
BLK Blackrock	4.99M	$497.68M	+0.6%
Vanguard	3.42M	$340.55M	+0.7%
STT State Street	1.87M	$186.65M	+9.0%
IPXAF Impax Asset Management	1.18M	$117.38M	-6.5%
JPM JPMorgan Chase & Co.	932.04K	$92.93M	+0.4%
Dimensional Fund Advisors	852.99K	$85.05M	-1.8%
Kayne Anderson Rudnick Investment Management	769.01K	$76.68M	-0.8%
IVZ Invesco	766.85K	$76.46M	-14.3%
Geode Capital Management	514.01K	$51.25M	+4.1%
Allianz Asset Management GmbH	500.17K	$49.87M	-27.5%

Largest transactions	Shares	Bought/sold	Change
Ubs Global Asset Management Americas	353.28K	-2.41M	-87.2%
Norges Bank	0	-239.71K	EXIT
Allianz Asset Management GmbH	500.17K	-190.01K	-27.5%
STT State Street	1.87M	+154.48K	+9.0%
IVZ Invesco	766.85K	-127.98K	-14.3%
Eaton Vance Management	99.95K	+91.46K	+1077.6%
Millennium Management	88.29K	+85.7K	+3307.4%
IPXAF Impax Asset Management	1.18M	-82.9K	-6.5%
TROW T. Rowe Price	116.02K	+65.7K	+130.5%
GS Goldman Sachs	109.28K	+63.2K	+137.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Emerson Electric • Honeywell International • Itron • Roper • Mueller Water Products • Mueller Water Products Inc - Series A • Xylem

Risks

The inability to develop technologically advanced products could harm our future success.
Failure to manufacture quality products could have a material adverse effect on our business.
If our software products do not operate as intended, our business could be materially and adversely affected.
Our expanded role as a prime contractor brings certain risks that could have a material adverse effect to our business.
The inability to obtain adequate supplies of raw materials and component parts at favorable prices could decrease our profit margins and negatively impact timely delivery to customers and could have a material adverse effect on our business, results of operations and financial condition.
Economic conditions could cause a material adverse impact on our sales and operating results.
Risks related to foreign markets could decrease our profitability.
An inability to attract and retain skilled employees could negatively impact our growth and decrease our profitability.
Competitive pressures in the marketplace could decrease our revenues and profits.
Violations or alleged violations of laws that impose requirements for the conduct of the Company’s overseas operations, including the Foreign Corrupt Practices Act (FCPA) or other anti-corruption laws, trade sanctions and sanctioned parties restrictions could adversely affect our business.
Changes in environmental or regulatory requirements could entail additional expenses that could decrease our profitability.
Economic impacts due to leadership or policy changes in the countries where we do business could negatively affect our profitability.
Climate change, unusual weather and other natural phenomena could adversely affect our business.
Litigation against us could be costly, time consuming to defend and could adversely affect our profitability.
Disruptions and other damages to our information technology and other networks and operations, and breaches in data security or cybersecurity attacks could have a negative financial impact and damage our reputation.
Failure to successfully identify, complete and integrate acquired businesses or products could adversely affect our operations.

Management Discussion

Net sales in 2021 increased $79.7 million, or 18.7%, to $505.2 million from $425.5 million in 2020. Sales into the utility water market were $415.3 million, an increase of 20.6% over the prior year’s $344.3 million. The acquisitions of s::can and ATi increased sales $40.7 million compared to 2020. The remaining increase of $39.0 million was attributable to higher sales of the Company’s water meter, radio and software products including ORION Cellular endpoints as well as increased BEACON SaaS revenue associated with data collection and software analytics. These favorable trends more than offset the supply chain shortages of certain components which limited sales of certain products throughout 2021 and contributed to the record backlog level throughout 2021. Sales of products into the global flow instrumentation end markets were $89.9 million, 10.7% higher than the prior year’s $81.2 million due to the stabilization of industrial demand globally and across the array of end markets served.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: April, assisted, Brown, chapter, check, combat, Commission, coupled, decrease, Deer, Employer, expressed, filer, Identification, incentive, Interactive, jurisdiction, large, mark, ModMag, pacing, Page, past, plant, preceding, pursuant, reclassified, registrant, Regulation, Road, section, shell, shorter, smaller, submit, submitted, tempered, transition

Removed: added, alliance, amortization, application, ASC, ASU, attributable, beginning, broadly, characterized, climate, competition, consistent, core, currency, cybersecurity, decision, declared, declined, depict, develop, disease, distancing, dozen, Emergency, enable, exceeded, Excluding, exhaust, FASB, fiscal, framework, gain, guidance, Health, implemented, improving, inclusion, incorporated, input, integration, International, introduction, labor, manufacture, mayor, office, penetration, permitted, political, Positive, potential, pressure, proprietary, Public, reference, remarketed, remote, removing, resultant, robust, screening, September, Simplifying, skilled, social, spread, successful, technologically, temperature, timeline, Topic, varying, widespread

From filing 10-Q 2022 Q1

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