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On its third quarter of 2026 earnings call, held on Oct. 22, 2026, Badger Meter (BMI +13.48%) announced that its base sales, which exclude its May 2026 acquisition of water monitoring company UDlive, grew 5% sequentially over the second quarter. The utility water technology company maintained profitability near the top of its long-term target range despite electronic component supply constraints. Long-term investors should care because expanding high-margin software sales continue to raise the company's baseline profitability floor. Three things management said stand out.

1. High-Margin Software and Ultrasonic Meters Elevate Profit LimitsBadger Meter relies on its structural mix, the proportion of software-as-a-service recurring software subscriptions and ultrasonic meters relative to hardware, to protect its earnings. Base gross margin, which excludes inventory accounting adjustments from the UDlive deal, reached 42.1% in the quarter.

Base gross margin was 42.1% at the top end of our normalized range, indicative of the resiliency of our overall structural mix and pricing discipline.
-- Dan Weltzien, Chief Financial Officer and Treasurer2. Pricing Power Offsets Rising Electronic Component CostsRapid artificial intelligence data center construction has tightened supply for electronic components, driving up circuit board costs across industrial manufacturing. Badger Meter leverages its essential position in municipal utility infrastructure to pass these cost increases on to customers without sacrificing sales volume.

Fortunately for us, our portfolio is highly valued by our customers. They understand what we do for them, and we are able to extract the value that we deserve.
-- Ken Bockhorst, Chairman, President, and Chief Executive Officer3. OneNetwork Software Connects Disconnected Utility DataMunicipal water utilities often struggle to unify operational data across separate hardware and sensor systems. The company launched OneNetwork, a real-time software platform that combines advanced metering infrastructure, an automated two-way remote meter reading technology, with pressure and water quality analytics.

OneNetwork brings AMI, network monitoring, and water quality data together in one platform, enabling customers to identify issues sooner, coordinate responses faster, and make more informed operational decisions.
-- Bob Wrocklage, Executive Vice President of North America Municipal UtilityLooking AheadUtility project rollouts are accelerating, and leadership is clearly satisfied with current operational momentum. Growth rests on required infrastructure upgrades and pricing power, while management navigates electronic-component shortages.

We expect both year-over-year and sequential quarterly base sales growth in the fourth quarter of 2026, despite fewer total operating days given the holidays, which is a standard annual dynamic.
-- Ken Bockhorst, Chairman, President, and Chief Executive OfficerCash generation supported a 10% dividend increase, extending a 34-year growth streak. Software expansion continues to deepen its market advantage.

We remain committed to the strategic formula that has driven our prolonged success, focusing on our customers, offering innovative and differentiated technologies, and driving operational excellence.
-- Ken Bockhorst, Chairman, President, and Chief Executive OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Strike a Balance Between Growth and Stability With These 3 Names Ready to RallyBadger Meter NYSE: BMI reported third-quarter 2026 sales that were unchanged from the prior-year period, while operating profit and earnings per share increased as the company benefited from product mix, software revenue growth and cost controls.

Total third-quarter sales were $235.9 million, in line with the third quarter of 2025. Excluding $5.6 million of revenue from the UDlive acquisition, base sales declined 2% year over year but increased 5% sequentially from the second quarter.

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Why Institutions Keep Buying Badger Meter After the Big DropChairman, President and Chief Executive Officer Ken Bockhorst said the sequential improvement reflected the continued ramp-up of previously announced utility projects and solid underlying market demand. He said the company expects both sequential and year-over-year base-sales growth in the fourth quarter, despite fewer operating days related to the holiday calendar.

Profitability Improves Despite Component Pressures Operating earnings increased 4% year over year, while operating margin rose 60 basis points to 20.2%. Excluding UDlive, base operating margin was 20.9%, up 130 basis points from the prior-year quarter.

Badger Meter Gets an Upgrade—2 Stocks That Could FollowGross margin reached 41.9%, an increase of 120 basis points. Chief Financial Officer and Treasurer Dan Weltzien said the improvement was driven primarily by a structural shift toward ultrasonic meters and continued growth in software-as-a-service revenue. The results were partly offset by amortization of UDlive inventory fair-value step-up adjustments.

Excluding UDlive, gross margin was 42.1%, at the upper end of Badger Meter’s normalized range. Management said it continues to target a 39% to 42% gross-margin range over time.

The company said electronic component costs and availability remain under pressure amid demand tied to artificial intelligence and data-center construction. Weltzien said Badger Meter has so far managed those pressures through pricing, sourcing and operational actions, though the challenges have continued to escalate.

Selling, engineering and administrative expenses were $51.1 million, up $1.3 million from a year earlier. The increase included $2.3 million associated with UDlive, including intangible asset amortization, partially offset by lower incentive compensation and cost controls. Management expects annual UDlive intangible amortization of about $5 million.

Diluted earnings per share rose 4% to $1.24 from $1.19 a year earlier. The effective tax rate was 25.1%, compared with 26.1% in the prior-year quarter.

Utility Sales and Flow Instrumentation Trends Utility water sales were flat year over year. Excluding UDlive, utility sales declined 3%, reflecting the pacing of large projects, including lower AMI-related product sales that were partly offset by higher software revenue. Base utility sales increased 5% sequentially.

Sales in the flow instrumentation product line increased 2% from a year earlier, against what Weltzien described as the company’s most difficult comparison of 2025. The company cited broad-based demand in water applications and said it is seeing increased demand for flow instrumentation in data-center applications, though from a relatively small revenue base.

During the question-and-answer session, Bockhorst said the company views the second and third quarters as “perfectly normal” following an unusually weak first quarter for shorter-cycle demand. He added that the broader pipeline of utilities working with consultants, conducting requests for proposals or progressing through active projects remains as robust as it has been in recent years.

Badger Meter also said it has begun shipping products for the Puerto Rico Aqueduct and Sewer Authority, or PRASA, project. The utility is preparing for installations to begin in the fourth quarter after hiring installation contractors, according to Bockhorst. He cautioned that project timing can remain uneven from quarter to quarter because of factors including labor availability and weather.

OneNetwork Launch and Growth Outlook Executive Vice President of North America Municipal Utility Bob Wrocklage said Badger Meter formally launched OneNetwork at the WEFTEC water-industry conference in New Orleans. The platform combines AMI, network-monitoring and water-quality data into a real-time operating view for water and wastewater utilities.

Wrocklage said the product is designed to help utilities identify and respond to pressure events, water-quality changes and non-revenue-water spikes through alerts, analytics and workflows. He said customer and consultant interest at WEFTEC was high.

Looking ahead, Bockhorst said the company expects modest sequential growth in the fourth quarter and year-over-year growth in quarterly base sales. For the full year, he said Badger Meter expects an organic sales decline in the low single digits. Management did not provide a specific 2027 forecast but said it remains confident in its ability to sustain growth momentum into next year and return to its strategic high-single-digit growth outlook.

Cash Flow and Capital Allocation Free cash flow was $40.3 million in the third quarter, compared with $48.2 million a year earlier. Primary working capital represented 23.6% of sales, up from 22.9% at the end of the prior quarter. The company said it expects to reduce elevated inventory levels as revenue pacing improves and electronic safety-stock needs normalize.

Badger Meter repurchased 423,000 shares for approximately $55 million during the quarter and had about $35 million remaining under its current repurchase authorization. Bockhorst also noted that the company raised its annual dividend rate by 10% in August, marking its 34th consecutive year of dividend increases.

About Badger Meter (NYSE:BMI)Badger Meter, Inc is a water technology company that develops and manufactures flow measurement, control and communications solutions. Its products are used to measure and manage water across municipal, commercial and industrial applications, helping customers improve operational efficiency, monitor usage and support water conservation.

The company's offerings include mechanical, ultrasonic and electromagnetic flow meters; valves and related flow-control equipment; and smart water technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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MILWAUKEE--(BUSINESS WIRE)--Badger Meter, Inc. (NYSE: BMI) today reported results for the third quarter ended September 30, 2026. Third Quarter 2026 Highlights Total sales of $235.9 million increased modestly from the prior year's $235.7 million and improved 6% sequentially from the second quarter. Base1 sales were $230.3 million. Operating earnings increased 4% year-over-year to $47.7 million, with operating profit margins of 20.2% versus 19.6% in the prior year comparable quarter. Base operat.

Badger Meter (BMI - Free Report) ended the recent trading session at $126.88, demonstrating a -1.23% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.33% for the day. Elsewhere, the Dow saw an upswing of 1.08%, while the tech-heavy Nasdaq appreciated by 0.08%.

Heading into today, shares of the manufacturer of products that measure gas and water flow had gained 0.75% over the past month, lagging the Computer and Technology sector's gain of 1.62% and the S&P 500's gain of 1.41%.

Market participants will be closely following the financial results of Badger Meter in its upcoming release. The company plans to announce its earnings on October 22, 2026. The company is expected to report EPS of $1.21, up 1.68% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $240.55 million, reflecting a 2.08% rise from the equivalent quarter last year.

BMI's full-year Zacks Consensus Estimates are calling for earnings of $4.5 per share and revenue of $912.38 million. These results would represent year-over-year changes of -6.05% and -0.47%, respectively.

Investors should also take note of any recent adjustments to analyst estimates for Badger Meter. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Badger Meter holds a Zacks Rank of #3 (Hold).

In the context of valuation, Badger Meter is at present trading with a Forward P/E ratio of 28.52. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 28.52.

Also, we should mention that BMI has a PEG ratio of 3.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Instruments - Control industry had an average PEG ratio of 2.2 as trading concluded yesterday.

The Instruments - Control industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 43, finds itself in the top 18% echelons of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

In the latest trading session, Badger Meter (BMI) closed at $131.38, marking a +2.91% move from the previous day.

Investors in Badger Meter, Inc. (BMI - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov. 20, 2026 $85.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Badger Meter shares, but what is the fundamental picture for the company? Currently, Badger Meter is a Zacks Rank #3 (Hold) in the Instruments - Control industry that ranks in the Top 18% of our Zacks Industry Rank. Over the last 60 days, our Zacks Consensus Estimate for the current quarter has moved from $1.21 per share to $1.25 in that period.

Given the way analysts feel about Badger Meter right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

MILWAUKEE--(BUSINESS WIRE)--Badger Meter, Inc. (NYSE: BMI) today announced that it will issue its third quarter 2026 earnings release before the market opens on Thursday, October 22, 2026. Following the release, Badger Meter will hold its earnings conference call at 10:00 am CT. A live listen-only webcast will be accessible the day of the call from the Events & Presentations section of the Company's investor relations website. Those wishing to actively participate in the conference call can.

Badger Meter (BMI - Free Report) ended the recent trading session at $123.54, demonstrating a -1.94% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.25%. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.

Shares of the manufacturer of products that measure gas and water flow witnessed a loss of 4.75% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4%, and the S&P 500's loss of 0.42%.

The upcoming earnings release of Badger Meter will be of great interest to investors. The company is predicted to post an EPS of $1.21, indicating a 1.68% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $240.55 million, up 2.08% from the prior-year quarter.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.5 per share and a revenue of $912.38 million, signifying shifts of -6.05% and -0.47%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Badger Meter. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Badger Meter is currently a Zacks Rank #3 (Hold).

In terms of valuation, Badger Meter is presently being traded at a Forward P/E ratio of 27.97. This denotes no noticeable deviation relative to the industry average Forward P/E of 27.97.

Investors should also note that BMI has a PEG ratio of 3.11 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BMI's industry had an average PEG ratio of 2.18 as of yesterday's close.

The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 44% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Badger Meter (BMI - Free Report) closed the most recent trading day at $130.60, moving -1.8% from the previous trading session. This move lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.

Prior to today's trading, shares of the manufacturer of products that measure gas and water flow had lost 3.03% lagged the Computer and Technology sector's gain of 5.26% and the S&P 500's gain of 0.53%.

Market participants will be closely following the financial results of Badger Meter in its upcoming release. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 1.68% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $240.55 million, showing a 2.08% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates project earnings of $4.5 per share and a revenue of $912.38 million, demonstrating changes of -6.05% and -0.47%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Badger Meter. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Badger Meter is currently sporting a Zacks Rank of #3 (Hold).

In the context of valuation, Badger Meter is at present trading with a Forward P/E ratio of 29.53. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 29.53.

We can additionally observe that BMI currently boasts a PEG ratio of 3.28. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Instruments - Control was holding an average PEG ratio of 2.26 at yesterday's closing price.

The Instruments - Control industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 44% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally recognized investor rights law firm, announces that it is investigating potential breaches of fiduciary duty by certain directors and officers of Badger Meter, Inc. (“Badger Meter” or the “Company”) (NYSE: BMI). The investigation seeks to determine whether the Company’s leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

Current Badger Meter Shareholders Are Encouraged to Contact the Firm

Do you currently own shares of Badger Meter, Inc. (NYSE: BMI)?Did you purchase your shares before April 18, 2024?Would you like to learn more about your legal rights as a shareholder?
Why Is Bernstein Liebhard Investigating?

Bernstein Liebhard is investigating whether certain directors and officers of Badger Meter breached the fiduciary duties they owed to the Company and its shareholders. The investigation is focused on determining whether Company leadership acted in the best interests of shareholders and whether additional legal action may be appropriate based on publicly available information.

What Shareholders Should Do

If you currently own Badger Meter stock and would like to discuss your legal rights or obtain additional information regarding the investigation, please visit the firm’s Badger Meter Shareholder Investigation page or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected] for a confidential consultation.

About Bernstein Liebhard LLP

For more than three decades, Bernstein Liebhard LLP has represented investors in complex securities and shareholder litigation. Since 1993, the firm has recovered more than $3.5 billion for its clients and has been retained by many of the nation’s largest public and private pension funds to monitor investments and pursue claims on behalf of investors.

The firm’s accomplishments include recognition on The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and inclusion in The Legal 500 for sixteen consecutive years, reflecting its longstanding commitment to protecting shareholder rights.

ATTORNEY ADVERTISING. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
10 East 40th Street
New York, NY 10016
Phone: (212) 951-2030
Website: https://www.bernlieb.com
Email: [email protected]

Badger Meter (NYSE:BMI – Get Free Report) and Veralto (NYSE:VLTO – Get Free Report) are both technology companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, institutional ownership, analyst recommendations, risk, dividends, earnings and valuation.

Analyst Ratings This is a breakdown of recent ratings and target prices for Badger Meter and Veralto, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Badger Meter 1 5 6 0 2.42 Veralto 0 4 6 0 2.60 Badger Meter presently has a consensus price target of $162.00, suggesting a potential upside of 21.84%. Veralto has a consensus price target of $112.50, suggesting a potential upside of 19.18%. Given Badger Meter’s higher probable upside, equities research analysts plainly believe Badger Meter is more favorable than Veralto.

Profitability This table compares Badger Meter and Veralto’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Badger Meter 14.27% 18.03% 12.82% Veralto 17.35% 34.76% 13.38% Dividends Badger Meter pays an annual dividend of $1.76 per share and has a dividend yield of 1.3%. Veralto pays an annual dividend of $0.52 per share and has a dividend yield of 0.6%. Badger Meter pays out 41.1% of its earnings in the form of a dividend. Veralto pays out 13.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Badger Meter has raised its dividend for 32 consecutive years and Veralto has raised its dividend for 1 consecutive years. Badger Meter is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Earnings and Valuation This table compares Badger Meter and Veralto”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Badger Meter $916.66 million 4.21 $141.63 million $4.28 31.07 Veralto $5.50 billion 4.18 $940.00 million $3.96 23.84 Veralto has higher revenue and earnings than Badger Meter. Veralto is trading at a lower price-to-earnings ratio than Badger Meter, indicating that it is currently the more affordable of the two stocks.

Insider and Institutional Ownership 89.0% of Badger Meter shares are owned by institutional investors. Comparatively, 91.3% of Veralto shares are owned by institutional investors. 1.0% of Badger Meter shares are owned by company insiders. Comparatively, 0.4% of Veralto shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Risk and Volatility Badger Meter has a beta of 0.65, indicating that its share price is 35% less volatile than the S&P 500. Comparatively, Veralto has a beta of 0.6, indicating that its share price is 40% less volatile than the S&P 500.

About Badger Meter (Get Free Report)

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software directly, as well as through resellers and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.

About Veralto (Get Free Report)

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands. This segment provides water solutions, including chemical reagents, services, and digital solutions. The PQI segment offers inline printing solutions for products and packaging with marking and coding systems; marking and coding for packaged goods and related consumables; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; color standard services for the design industry; and a software solution that provides digital asset management, marketing resource management, and product information management. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands to regulated industries, including municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.

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Badger Meter (BMI - Free Report) closed at $125.01 in the latest trading session, marking a -2.21% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.59% for the day. On the other hand, the Dow registered a loss of 0.6%, and the technology-centric Nasdaq decreased by 0.65%.

Coming into today, shares of the manufacturer of products that measure gas and water flow had lost 5.15% in the past month. In that same time, the Computer and Technology sector lost 0.02%, while the S&P 500 lost 1.37%.

Analysts and investors alike will be keeping a close eye on the performance of Badger Meter in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.21, signifying a 1.68% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $240.55 million, indicating a 2.08% upward movement from the same quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.5 per share and a revenue of $912.38 million, indicating changes of -6.05% and -0.47%, respectively, from the former year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Badger Meter. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.73% increase. Badger Meter is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that Badger Meter has a Forward P/E ratio of 28.38 right now. Its industry sports an average Forward P/E of 28.38, so one might conclude that Badger Meter is trading at no noticeable deviation comparatively.

It's also important to note that BMI currently trades at a PEG ratio of 3.15. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Instruments - Control industry stood at 2.21 at the close of the market yesterday.

The Instruments - Control industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Badger Meter (BMI - Free Report) closed the most recent trading day at $136.02, moving +2.58% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.06%. Meanwhile, the Dow experienced a rise of 1.18%, and the technology-dominated Nasdaq saw an increase of 1.4%.

The manufacturer of products that measure gas and water flow's shares have seen a decrease of 4.91% over the last month, not keeping up with the Computer and Technology sector's gain of 3.99% and the S&P 500's gain of 2.46%.

Investors will be eagerly watching for the performance of Badger Meter in its upcoming earnings disclosure. In that report, analysts expect Badger Meter to post earnings of $1.21 per share. This would mark year-over-year growth of 1.68%. Meanwhile, the latest consensus estimate predicts the revenue to be $240.55 million, indicating a 2.08% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.5 per share and revenue of $912.38 million, indicating changes of -6.05% and -0.47%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for Badger Meter. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.73% higher. Currently, Badger Meter is carrying a Zacks Rank of #3 (Hold).

Looking at its valuation, Badger Meter is holding a Forward P/E ratio of 29.44. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 29.44.

Meanwhile, BMI's PEG ratio is currently 3.27. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Instruments - Control was holding an average PEG ratio of 2.27 at yesterday's closing price.

The Instruments - Control industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 98, finds itself in the top 40% echelons of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz Announces Investigation of Badger Meter, Inc. (BMI) on Behalf of Investors.

New York, New York--(Newsfile Corp. - August 26, 2026) - Bernstein Liebhard LLP, a nationally recognized investor rights law firm, announces that it is investigating potential breaches of fiduciary duty by certain directors and officers of Badger Meter, Inc. ("Badger Meter" or the "Company") (NYSE: BMI). The investigation seeks to determine whether the Company's leadership fulfilled its obligations to shareholders and whether legal remedies may be available.

Current Badger Meter Shareholders Are Encouraged to Contact the Firm

Do you currently own shares of Badger Meter, Inc. (NYSE: BMI)?Did you purchase your shares before April 18, 2024?Would you like to learn more about your legal rights as a shareholder?Why Is Bernstein Liebhard Investigating?

Bernstein Liebhard is investigating whether certain directors and officers of Badger Meter breached the fiduciary duties they owed to the Company and its shareholders. The investigation is focused on determining whether Company leadership acted in the best interests of shareholders and whether additional legal action may be appropriate based on publicly available information.

What Shareholders Should Do

If you currently own Badger Meter stock and would like to discuss your legal rights or obtain additional information regarding the investigation, please visit the firm's Badger Meter Shareholder Investigation page or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected] for a confidential consultation.

About Bernstein Liebhard LLP

For more than three decades, Bernstein Liebhard LLP has represented investors in complex securities and shareholder litigation. Since 1993, the firm has recovered more than $3.5 billion for its clients and has been retained by many of the nation's largest public and private pension funds to monitor investments and pursue claims on behalf of investors.

The firm's accomplishments include recognition on The National Law Journal's "Plaintiffs' Hot List" thirteen times and inclusion in The Legal 500 for sixteen consecutive years, reflecting its longstanding commitment to protecting shareholder rights.

ATTORNEY ADVERTISING. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311504

Source: Bernstein Liebhard LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Badger Meter, Inc. (NYSE:BMI – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,436 shares of the scientific and technical instruments company’s stock, valued at approximately $2,142,000.

Several other large investors also recently added to or reduced their stakes in BMI. Caitong International Asset Management Co. Ltd grew its position in Badger Meter by 76.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in Badger Meter in the fourth quarter valued at $27,000. Dunhill Financial LLC purchased a new stake in Badger Meter in the second quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Badger Meter in the 2nd quarter valued at $30,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Badger Meter by 62.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 71 shares during the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes BMI has been the subject of several research reports. Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings upgraded Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. lowered their price target on Badger Meter from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Seaport Research Partners set a $160.00 price objective on Badger Meter in a research note on Thursday, July 23rd. Finally, Barclays reiterated an “underweight” rating and issued a $112.00 price objective (up from $109.00) on shares of Badger Meter in a report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $164.00.

Get Our Latest Stock Report on Badger Meter Badger Meter Stock Down 1.8% BMI opened at $135.68 on Friday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 2.43 and a beta of 0.65. Badger Meter, Inc. has a 52 week low of $112.09 and a 52 week high of $204.00. The business’s 50 day moving average is $137.64 and its two-hundred day moving average is $138.74.

Badger Meter (NYSE:BMI – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, beating 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 firm had revenue of $220.30 million during the quarter, compared to the consensus estimate of $220.59 million. During the same quarter in the prior year, the firm earned $1.17 EPS. Badger Meter’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts expect that Badger Meter, Inc. will post 4.5 EPS for the current fiscal year.

Badger Meter Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 28th. This is a positive change from Badger Meter’s previous quarterly dividend of $0.40. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. Badger Meter’s payout ratio is presently 37.38%.

Insider Activity In other news, VP Edward F. Callahan acquired 751 shares of Badger Meter stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average price of $135.25 per share, for a total transaction of $101,572.75. Following the completion of the transaction, the vice president directly owned 1,937 shares in the company, valued at approximately $261,979.25. This trade represents a 63.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

About Badger Meter (Free Report)

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.

Further Reading Five stocks we like better than Badger Meter From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash Venture Into High-Volatility Corners of the Market With These 3 ETFs 3 Retail Stocks to Watch After a Big Consumer Earnings Week Want to see what other hedge funds are holding BMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Badger Meter, Inc. (NYSE:BMI – Free Report).

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BlackRock Inc. bought a new stake in Badger Meter, Inc. (NYSE:BMI – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,892,342 shares of the scientific and technical instruments company’s stock, valued at approximately $725,926,000. BlackRock Inc. owned 16.88% of Badger Meter at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in shares of Badger Meter in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Badger Meter by 76.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Godfrey Financial Associates Inc. bought a new stake in shares of Badger Meter during the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. lifted its holdings in Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Dunhill Financial LLC acquired a new stake in Badger Meter in the second quarter worth about $28,000. Institutional investors own 89.01% of the company’s stock.

Badger Meter Trading Up 3.2% Shares of NYSE BMI opened at $132.19 on Friday. Badger Meter, Inc. has a twelve month low of $112.09 and a twelve month high of $204.00. The firm has a 50-day moving average of $137.48 and a two-hundred day moving average of $139.15. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 2.41 and a beta of 0.65.

Badger Meter (NYSE:BMI – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share (EPS) 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 company had revenue of $220.30 million for the quarter, compared to analysts’ expectations of $220.59 million. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. As a group, research analysts predict that Badger Meter, Inc. will post 4.43 earnings per share for the current year. Badger Meter Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, August 28th. This is a positive change from Badger Meter’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. Badger Meter’s payout ratio is 37.38%.

Analysts Set New Price Targets BMI has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Badger Meter from $172.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of Badger Meter from a “sell” rating to a “hold” rating in a report on Saturday. Seaport Research Partners set a $160.00 price objective on shares of Badger Meter in a research note on Thursday, July 23rd. Finally, Robert W. Baird set a $167.00 price objective on shares of Badger Meter and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Badger Meter currently has an average rating of “Hold” and a consensus target price of $164.00.

View Our Latest Report on Badger Meter

Insider Transactions at Badger Meter In other Badger Meter news, VP Edward F. Callahan purchased 751 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were purchased at an average price of $135.25 per share, for a total transaction of $101,572.75. Following the completion of the transaction, the vice president owned 1,937 shares in the company, valued at $261,979.25. This represents a 63.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Badger Meter Company Profile (Free Report)

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.

Further Reading Five stocks we like better than Badger Meter 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit? Want to see what other hedge funds are holding BMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Badger Meter, Inc. (NYSE:BMI – Free Report).

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It has been about a month since the last earnings report for Badger Meter (BMI - Free Report) . Shares have added about 4% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Badger Meter due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

BMI Q2 Earnings Beat on Project Ramps

Badger Meter reported second-quarter 2026 earnings of $1.02 per share, down 12.8% year over year but 1.0% above the $1.01 consensus. Revenues of $222.32 million fell 6.6% but beat the $221.06 million estimate by 0.6%.

Sequential sales increased 10% as awarded utility projects began initial deployments and order rates improved from the first quarter. Utility water sales declined 8%, while flow instrumentation revenues rose 6% on strength in water-related markets.

BMI's Utility Sales Begin To Recover

Utility water sales were down 9% excluding two months of UDlive, reflecting uneven advanced metering infrastructure project pacing. However, organic utility sales improved 8% sequentially. Higher software and other BlueEdge beyond-the-meter sales partly offset lower AMI-related product revenues.

Shipments started for the PRASA project, while several other awarded projects entered early deployment. Management said the nine-project cohort remains broadly solid, although implementation can vary by project and remain uneven because of customer schedules and installation timing.

Badger Meter's Flow Business Adds Support

Flow instrumentation sales increased 6% year over year, supported by broad demand in water-related applications. The quarter also benefited from data-center orders for clamp-on meters and MAG meters used in cooling and flow-monitoring systems.

Management cautioned that the product line should still be viewed as a GDP-like, low-single-digit grower over the five-year strategic horizon. At the ACE26 trade show, customer interest also centered on ORION cellular technology, EyeOnWater Premium, the BEACON Field app and the Cobalt embedded artificial intelligence offering.

BMI Protects Margins Through Cost Discipline

Gross margin contracted 30 basis points to 40.8% as lower volumes and project mix weighed on profitability. The result remained within Badger Meter's normalized 39%-42% range. Operating earnings declined 12.2% to $39.38 million, while operating margin fell 110 basis points to 17.7%.

Base operating earnings, which exclude UDlive, decreased 9.5% to $40.62 million, with margin down 40 basis points to 18.4%. Selling, engineering and administration expenses declined 2.9% to $51.40 million as spending controls and lower incentive compensation offset acquisition-related costs. Electronic component costs and availability remain a watch item.

Badger Meter Works Down Working Capital

Free cash flow fell to $21.90 million from $40.60 million a year earlier. Cash from operations was $26.71 million, while capital expenditures totaled $4.84 million. Primary working capital rose to 22.9% of sales from 20.0% at the end of the first quarter.

During the quarter, BMI spent $94.38 million on acquisitions, $25.25 million on share repurchases and $11.59 million on dividends. It ended June with $95.73 million in cash and an undrawn $150 million credit facility. About $90 million remains under the repurchase authorization.

BMI Adds UDlive To Broaden Water Monitoring

UDlive contributed $2.03 million in sales for May and June and recorded an operating loss of $1.25 million. Its amortization expense was $0.80 million, and management expects ongoing annual intangible amortization of about $5.00 million.

The acquisition expands Badger Meter's sewer-line monitoring leadership and global capabilities. Management attributed the modest initial revenue contribution to timing and said integration progress and early commercial interest were strong. UDlive also complements SmartCover within the company's broader beyond-the-meter portfolio.

Badger Meter Reaffirms the 2026 Outlook

Management continues to expect base quarterly revenues to improve sequentially through the remainder of 2026. Third-quarter sales are expected to rise from the second quarter, while full-year revenues excluding UDlive are projected to be flattish with 2025. Year-over-year growth is expected to be weighted toward the fourth quarter.

Some awarded projects may reach full run rates by year-end, while others will not be at full run rate by then. The company also reaffirmed its five-year framework for high-single-digit sales growth, 10%-15% EPS growth and free cash flow conversion above 100% of net income.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

VGM ScoresCurrently, Badger Meter has a average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. Charting a somewhat similar path, the stock was allocated a score of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Badger Meter has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

MILWAUKEE--(BUSINESS WIRE)--The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today authorized a 10% increase in its quarterly common stock dividend to $0.44 per share from $0.40 per share. The increased dividend is payable September 11, 2026, to shareholders of record on August 28, 2026. The new annual dividend rate for common stock is $1.76 per share. Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, “Our Board's decision to increase the dividend for the 34.

Posted by Defense World Staff on Aug 12th, 2026

Assenagon Asset Management S.A. lifted its position in Badger Meter, Inc. (NYSE:BMI – Free Report) by 177.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,888 shares of the scientific and technical instruments company’s stock after purchasing an additional 26,132 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of Badger Meter worth $6,067,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Badger Meter by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,979,893 shares of the scientific and technical instruments company’s stock valued at $694,133,000 after purchasing an additional 19,585 shares in the last quarter. State Street Corp raised its position in shares of Badger Meter by 1.4% during the 2nd quarter. State Street Corp now owns 1,462,807 shares of the scientific and technical instruments company’s stock valued at $358,315,000 after acquiring an additional 20,122 shares during the last quarter. Invesco Ltd. grew its stake in shares of Badger Meter by 20.9% during the third quarter. Invesco Ltd. now owns 970,219 shares of the scientific and technical instruments company’s stock worth $173,262,000 after purchasing an additional 168,053 shares during the period. Geode Capital Management LLC grew its stake in shares of Badger Meter by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 876,854 shares of the scientific and technical instruments company’s stock worth $152,951,000 after purchasing an additional 4,035 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Badger Meter by 39.2% in the fourth 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 purchasing an additional 212,448 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Ratings Changes Several equities analysts have weighed in on BMI shares. Seaport Research Partners set a $160.00 target price on Badger Meter in a research note on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price target on Badger Meter from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Robert W. Baird set a $167.00 price objective on shares of Badger Meter and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Barclays reissued an “underweight” rating and set a $112.00 price objective (up from $109.00) on shares of Badger Meter in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Badger Meter from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $164.00.

View Our Latest Report on BMI

Badger Meter Stock Down 0.6% Shares of Badger Meter stock opened at $135.69 on Wednesday. The business’s 50 day moving average is $137.35 and its 200-day moving average is $140.66. Badger Meter, Inc. has a 12-month low of $112.09 and a 12-month high of $204.00. The stock has a market cap of $3.93 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.49 and a beta of 0.65.

Badger Meter (NYSE:BMI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The firm had revenue of $220.30 million during the quarter, compared to analysts’ expectations of $220.59 million. Badger Meter had a net margin of 14.27% and a return on equity of 18.03%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. On average, sell-side analysts expect that Badger Meter, Inc. will post 4.43 EPS for the current year.

Insider Transactions at Badger Meter In other news, VP Edward F. Callahan bought 751 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was acquired at an average cost of $135.25 per share, for a total transaction of $101,572.75. Following the purchase, the vice president owned 1,937 shares of the company’s stock, valued at approximately $261,979.25. This trade represents a 63.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

About Badger Meter (Free Report)

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.

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Installation of the commercial high-temperature pyrolysis ("HTP") kiln is complete, including the kiln's heat tube, a long-lead critical-path component

Commissioning of feedstock handling system is complete

Final construction step is the completion of the pyrogas piping and instrumentation

Commercial operations targeted by the end of September 2026, with production and revenue increasing through year-end as the facility ramps up

TORONTO, ON / ACCESS Newswire / August 5, 2026 / CHAR Technologies Ltd. ("CHAR Tech" or the "Company") (TSXV:YES)(OTC PINK:CTRNF)(FSE:68K), a leader in sustainable biomass energy solutions, is pleased to provide an update on commissioning activities at its Thorold Renewable Energy Facility (the "Thorold Facility"), the Company's first commercial renewable energy and biocarbon production facility that is jointly owned 50/50 between the Company and The BMI Group ("BMI"), which specializes in the acquisition and conversion of heavy industrial infrastructure into deployment-ready, multi-sector platforms, following BMI's previously announced $8,000,000 project-level equity investment directly into the Thorold Facility.

Installation of the commercial HTP kiln is now complete, including the kiln's heat tube, a long-lead critical-path component. With mechanical installation of the kiln finished, the remaining construction step is the connection of the pyrogas piping and instrumentation. With the kiln installation complete, kiln commissioning can now commence, and following completion of the pyrogas piping and instrumentation, final commissioning will continue through to commercial operations.

The Company is targeting commercial operations at the Thorold Facility by the end of September 2026, with production and associated revenue expected to increase through the end of 2026 as the facility ramps toward its Phase 1 run-rate. Phase 1 of the Thorold Facility is designed to produce up to 5,000 tonnes per year of biocarbon, with clients including ArcelorMittal Dofasco under the previously announced offtake agreement to reduce fossil carbon in the steelmaking processes.

Following completion of Phase 1, the Company intends to proceed with Phase 2 construction, which includes installation of a second HTP kiln, addition of methanation equipment to upgrade synthetic gas into Renewable Natural Gas ("RNG"), and construction of an onsite RNG pipeline injection point.

"The team and our partners at BMI have brought the kiln through to completed installation, and we are now down to the final pyrogas piping before commissioning advances to commercial operations," said Andrew White, Chief Executive Officer of CHAR Tech. "This is the last major step on Phase 1, and it moves the Thorold Facility toward its first commercial biocarbon revenues and it sets the stage for Phase 2 to commence."

QUICK FACTS

In December 2022, the Government of Ontario announced approved funding of $6,438,168 for the project through the Forest Sector Investment and Innovation Program, a business support program designed to improve productivity and innovation, enhance competitiveness, support new market access and strengthen regional economies.

In December 2025, the Government of Ontario announced approved funding of $2,259,142 for the project through the Forest Biomass Program, a business support program that is a key element of Ontario's actions to drive forest sector growth.

The Government of Canada provided $4,938,168 for the project through the Investments in Forest Industry Transformation program and also provided $1,500,000 for the project through the Federal Economic Development Agency for Southern Ontario Jobs and Growth Fund.

The BMI Group made a $8,000,000 project-level equity investment directly into the CHAR Tech Thorold Renewable Energy Facility, resulting in 50/50 ownership of the facility between CHAR Tech and BMI.

About CHAR Technologies Ltd.

CHAR Tech (TSXV:YES)(OTC PINK:CTRNF)(FSE:68K) is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis ("HTP") systems that process unmerchantable wood and organic waste to generate two renewable energy revenue streams, renewable natural gas or green hydrogen, and a solid biocarbon that serves as a carbon-neutral, drop-in replacement for metallurgical coal.

CHAR Tech's HTP platform is also advancing a new vertical focused on the permanent destruction of PFAS in wastewater biosolids. Operating at temperatures sufficient to break down long-chain fluorinated compounds, the system enables municipalities and industrial operators to eliminate PFAS while converting biosolids into energy and low-carbon solid products.

For further information, please contact:

Website: www.chartechnologies.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this news release.

Forward-Looking Statements

Statements contained in this press release contain "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements") about CHAR and its business and operations. The words "may", "would", "will", "intend", "anticipate", "expect" and similar expressions as they relate to CHAR Tech, are intended to identify forward-looking information. Forward-looking statements include, but are not limited to, statements relating to the timing for full facility construction, securing project financing, expectations regarding the offtake agreements, future plans, operations and activities, expectations regarding the scale up of production, and other statements that are not historical facts. Such statements reflect CHAR Tech's current views and ‎intentions with respect to future events, and current information available to CHAR Tech, and are subject to ‎certain risks, uncertainties and assumptions, including, among others, those risk factors discussed or referred to in CHAR Tech's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management Discussion & Analysis dated January 27th, 2026 for the fiscal year ended September 30, 2025, and available under CHAR Tech's profile on www.sedarplus.ca. Any such forward-looking information is expressly qualified in its ‎entirety by this cautionary statement. Moreover, CHAR Tech does not assume responsibility for the accuracy or ‎completeness of such forward-looking information. The forward-looking information included in this press release ‎is made as of the date of this press release and CHAR Tech undertakes no obligation to publicly update or revise ‎any forward-looking information, other than as required by applicable law.

SOURCE: CHAR Technologies Ltd.

New York, New York--(Newsfile Corp. - August 3, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Badger Meter, Inc. (NYSE: BMI) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Badger Meter securities between April 18, 2024 and April 16, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/BMI.

Badger Meter Case Details

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:

the Company's reported strong financial results did not reflect "ongoing favorable industry trends," "secular growth drivers," or "solid operating execution," as represented, but were instead unsustainable; Defendants' statements touting "strong" demand, "robust order pacing," and a "strong bid pipeline" overstated the true state of the Company's demand environment and ability to generate continued sales and earnings growth; and contrary to Defendants' claims that the Company possessed a "long runway" for growth, the Company's growth prospects were materially overstated, such that Defendants lacked a reasonable basis for their positive statements about the Company's business, operations, and future prospects.What's Next for Badger Meter Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/BMI, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Badger Meter you have until August 3, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Badger Meter Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Badger Meter Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300231

Source: Bronstein, Gewirtz & Grossman, LLC

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NEW YORK--(BUSINESS WIRE)---- $BMI #BMI--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Badger Meter, Inc. (“Badger Meter” or the “Company”) (NYSE: BMI) and reminds investors of the August 3, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm.

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Badger Meter, Inc. ("Badger" or "the Company") (NYSE: BMI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of BMI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: April 18, 2024 to April 16, 2026

DEADLINE: August 3, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Badger Meter claimed "secular growth drivers" and "solid operating execution" were fueling its financial performance. Despite its positive comments, the Company's performance was partially based on pulling customer orders forward. Based on these facts, Badger Meter's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Badger Meter To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Badger Meter between April 18, 2024 and April 16, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - August 2, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Badger Meter, Inc. ("Badger Meter" or the "Company") (NYSE: BMI) and reminds investors of the August 3, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that Badger Meter's strong financial results reflected "ongoing favorable industry trends," "secular growth drivers," and "solid operating execution." They likewise touted "strong" demand and said they were seeing "robust order pacing and a strong bid pipeline that positions us well for continued sales and earnings growth," and that Badger Meter possessed a "long runway" for growth.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Badger Meter's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Badger Meter class action, go to www.faruqilaw.com/BMI or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Badger Meter Securities Class Action Lawsuit:

What is the Badger Meter securities fraud lawsuit about?

The Badger Meter securities fraud lawsuit is a federal securities class action alleging that Badger Meter, Inc. (NYSE: BMI) and its executives made false and misleading statements to investors by touting "strong" demand, a "robust" order pipeline, and a "long runway" for growth while concealing that the Company's financial results were not sustainable. As the truth emerged through a series of disclosures — including disappointing Q2 2025 results and a sequential sales decline forecast on July 22, 2025, missed revenue expectations and a 6% sequential decline in utility water sales on January 28, 2026, and Q1 2026 earnings that missed consensus estimates by $0.26 per share with revenue missing by $28.58 million on April 17, 2026 — BMI's stock price dropped sharply, causing significant losses for investors.

Who may be eligible to participate in the Badger Meter class action lawsuit?

Investors who purchased or acquired Badger Meter (BMI) stock between April 18, 2024 and April 16, 2026 — the Class Period — and suffered financial losses may be eligible to participate in the Badger Meter securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former Badger Meter employees, and others with relevant information about the Company's conduct are also encouraged to come forward.

What is a lead plaintiff, and how can I seek appointment in the Badger Meter lawsuit?

A lead plaintiff in the Badger Meter class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any Badger Meter investor who purchased BMI stock during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 3, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.

What should investors do if they purchased Badger Meter stock during the Class Period?

Investors who purchased Badger Meter (BMI) stock between April 18, 2024 and April 16, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the Badger Meter securities class action is August 3, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/BMI for more information.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307453

Source: Faruqi & Faruqi LLP

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