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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
CEO
Kenneth Bockhorst
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Analyst ratings and price targets

Last 3 months

Calendar

28 Apr 22
26 Jun 22
31 Dec 22
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
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
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%

Financial report summary

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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

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