Badger Meter, Inc. (BMI)
Technology · NYQ
Price as at 1 Oct 2026, 20:00 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Badger Meter, Inc. trades at $128.36, which is 55% above the $58.35 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 55 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 33.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
BMI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.24 | 3 |
| 2025 | $1.48 | 4 |
| 2024 | $1.22 | 4 |
| 2023 | $0.990 | 4 |
| 2022 | $0.850 | 4 |
| 2021 | $0.760 | 4 |
| 2020 | $0.700 | 4 |
| 2019 | $0.640 | 4 |
| 2018 | $0.560 | 4 |
| 2017 | $0.490 | 4 |
| 2016 | $0.430 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
BMI earnings and analyst estimates
Recommendation mix, 13 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Badger Meter, Inc.
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. The company offers Utility water smart metering solutions and software technologies and services to municipal water utility market. It also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids, 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 user 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 to employees, resellers, and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
BMI passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
13 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Impax Asset Management, Impax Asset Management Group plc$140.32M · 0.9% of book
- Marshall Wace, MARSHALL WACE, LLP$46.32M · 0.0% of book
- Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co. LLC$34.07M · 0.1% of book
- Select Equity Group, Select Equity Group, L.P.$29.57M · 0.1% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$27.98M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in BMI
Trades in BMI disclosed by members of Congress and executive-branch officials, latest first:
- Donald J Trump · Executive branchSell · $15,001 - $50,000 · traded 15 May 2026 · disclosed 1 Jul 2026
- Donald J Trump · Executive branchSell · $50,001 - $100,000 · traded 30 Apr 2026 · disclosed 1 Jul 2026
- Donald J Trump · Executive branchSell · $50,001 - $100,000 · traded 29 Jul 2024 · disclosed 22 Sept 2026
- Donald J Trump · Executive branchBuy · $50,001 - $100,000 · traded 8 Jul 2024 · disclosed 22 Sept 2026
- Donald J Trump · Executive branchSell · $1,001 - $15,000 · traded 4 Jun 2024 · disclosed 22 Aug 2026
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
BMI peers
The largest companies in the same industry (Scientific & Technical Instruments), then in the same sector.
- TDY Teledyne Technologies Incorporated
- CGNX Cognex Corporation
- ST Sensata Technologies Holding plc
- VNT Vontier Corporation
- ITRN Ituran Location and Control Ltd.
- CAZGF Catapult Sports Ltd
- USBC USBC, Inc.
- ACFN Acorn Energy, Inc.
Every technology company we cover is on the Technology hub.
Common questions
Is Badger Meter, Inc. (BMI) undervalued?
Against our fair value estimate of $58.35, BMI at $128.36 is 55% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own BMI?
13 of the institutions we track reported a position in BMI in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is BMI's P/E ratio?
BMI trades at 33.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Badger Meter, Inc. (BMI) pay a dividend?
Yes. Badger Meter, Inc. yields 1.08% at the current share price. It has paid $1.64 per share over the trailing twelve months. It has paid a dividend in each of the last 36 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its BMI data?
Fundamentals for BMI come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 20:00 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for BMI, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.