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1 insider bought €89k of shares over the last 90 days, the latest filed 31 Jul 2026.
Badger Meter Inc: what insiders have been doing
Badger Meter Inc belongs to the Energy sector. Filings by its managers are published through SEC (Form 4). The last twelve months, up to 18 October 2026, brought 48 filings signed by 17 insiders.
The record shows 8 purchases on the open market worth €1.4M, made by 5 insiders, against 2 sales worth €227k by 1 insider. Purchases outweigh sales by €1.2M. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Bockhorst Kenneth filed the largest purchase, €423k, on 11 February 2026. The buyers include 3 senior executives, 1 finance chief and 1 chief executive.
With 48 filings in twelve months, the company is more active than the median of 19 filings across the 5,816 companies we follow on the same exchange. Over the whole record (from 2016), the tally stands at 8 purchases and 18 sales. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 916.7 m USD and net income at 141.6 m USD, and the dividend at 1.48 USD per share.
In the case of 5 purchases, another manager of the company was buying within the same 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase. The last insider purchase was made public on 31 July 2026, 79 days ago. Typically, a trade is published a median of 4 days after it takes place. US insiders must file a Form 4 within two business days of a trade.
Elsewhere in the same sector, our signals recently picked up insider purchases at RGC Resources Inc and Empire Petroleum Corp. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
199
Thresholds
n/a
Buy Volume
€1M
8 ops. · all time
Sell Volume
€6M
18 ops. · all time
Who traded when
BuySaleKenneth Bockhorst2 buys2 sales
Kimberly K. Stoll4 sales
Edward F. Callahan2 buys
Karen M. Bauer2 sales
Richard Htwe2 buys
Robert Wrocklage2 buys
+3 other insiders
Since the insiders bought
- -7.2%Entry US$136.95 · Close 16 Oct 2026 US$127.06
- +1.1%Entry US$121.83 · Close at T+90 US$123.20
- +3.0%Entry US$123.00 · Close at T+90 US$126.67
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Badger Meter Inc Buy (bullish), based on 9 analysts. Average price target: US$156.56.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 6,569 of 24,148 companies
63.0
score / 100
Value50
Quality76
FCF yld4.6%
Earn yld3.9%
EV/EBITDA16.9x
ROE18%
Gross mgn42%
Net mgn15%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$126.88
Analyst consensus
9 analystsBuy
US$111.00Target US$156.56(+23%)US$170.00
Income statement
RevenueUS$916.7M
Gross profitUS$382.1M42% margin
EBITDAUS$218M24% margin
Net incomeUS$141.6M14.3% margin
Valuation
PER (trailing)29.6x
PER (forward)25.6x
P/Book5.4x
Beta0.64
Balance sheet & cash
Market capUS$3.7B
Free Cash FlowUS$169.7M
Debt / Equity3%
Profitability & ownership
ROE18.5%
ROA10.6%
% insiders0.6%
% institutions119.0%
Last declaration on 31 July 2026
Declarations199 total
751 shares@ US$135.24890.0027% mcap51.1% of flowCommon StockSEC:0001193125-26-328240:0
Canonical exit: 28 Oct 2026 (T+90)
952 shares@ US$122.960.0027% mcap22.2% of flowCommon StockSEC:0001193125-26-191095:0
952 shares@ US$122.960.0027% mcap22.2% of flowCommon StockSEC:0001193125-26-191091:0
952 shares@ US$122.960.0027% mcap24.9% of flowCommon StockSEC:0001193125-26-191092:0
952 shares@ US$122.960.0027% mcap22.2% of flowCommon StockSEC:0001193125-26-191093:0
952 shares@ US$122.960.0027% mcap22.2% of flowCommon StockSEC:0001193125-26-191094:0
952 shares@ US$122.960.0027% mcap24.9% of flowCommon StockSEC:0001193125-26-191097:0
1,000 shares@ US$122.350.0028% mcap15.0% of flowCommon StockSEC:0001193125-26-173658:0
Canonical exit: 22 Jul 2026 (T+90)
1,413.76 shares@ US$123.78340.0040% mcap19.8% of flowCommon StockSEC:0001193125-26-173664:0
858 shares@ US$116.300.0023% mcap48.9% of flowCommon StockSEC:0001193125-26-169262:0
Canonical exit: 20 Jul 2026 (T+90)
870 shares@ US$113.800.0022% mcap100.0% of flowCommon stockSEC:0001193125-26-169263:0
Canonical exit: 20 Jul 2026 (T+90)
1,700 shares@ US$116.130.0045% mcap27.8% of flowCommon StockSEC:0001193125-26-169265:0
Canonical exit: 20 Jul 2026 (T+90)
2,200 shares@ US$117.53330.0066% mcap4.7% of flowCommon StockSEC:0001193125-26-166603:0
Canonical exit: 20 Jul 2026 (T+90)
41 shares@ US$148.850.9% of flowCommon StockSEC:0001193125-26-100552:0
46 shares@ US$148.855.8% of flowCommon StockSEC:0001193125-26-100551:0
450 shares@ US$148.851.2% of flowCommon StockSEC:0001193125-26-100543:0
36 shares@ US$148.850.9% of flowCommon StockSEC:0001193125-26-100542:0
41 shares@ US$148.855.6% of flowCommon StockSEC:0001193125-26-100545:0
210 shares@ US$148.853.9% of flowCommon StockSEC:0001193125-26-100544:0
328 sharesCommon StockSEC:0001193125-26-100550:0
451 sharesCommon StockSEC:0001193125-26-100549:0
246 sharesCommon stockSEC:0001193125-26-100548:0
369 sharesCommon StockSEC:0001193125-26-100547:0
410 sharesCommon StockSEC:0001193125-26-100546:0
1,634 shares@ US$149.008221.6% of flowCommon StockSEC:0001193125-26-092047:0
25 of 199 declarations
About Badger Meter Inc
Badger Meter Inc. (NYSE: BMI) is a U.S.-listed water technology company headquartered in Milwaukee, Wisconsin, United States. Founded in 1905 by two Milwaukee entrepreneurs who developed the first frost-proof water meter, the company has evolved from a traditional metering business into a broader smart-water platform with more than a century of operating history. For investors, Badger Meter is best understood as a specialized industrial technology company focused on water infrastructure, with a growing mix of hardware, connectivity, software and recurring services. ([investors.badgermeter.com](https://investors.badgermeter.com/news-releases/press-release-details/2008/Milwaukee-Wisconsin-US-Fresh-Water-CapitalCONNECTIVITY-Article/default.aspx?utm_source=openai))
The company’s core business spans flow measurement, water quality monitoring and control. Its product set includes residential and industrial ultrasonic meters, ORION® communication endpoints, BEACON® SaaS cloud software, water-quality instrumentation, and the BlueEdge® suite that ties together metering, analytics and network visibility. Badger Meter markets these solutions to water utilities, municipalities, commercial customers and industrial users, and it also highlights applications in HVAC, property operations and data centers. The strategic emphasis is on helping customers measure usage more accurately, reduce non-revenue water, improve billing, and manage infrastructure more efficiently. ([badgermeter.com](https://www.badgermeter.com/en-gb/products/meters/ultrasonic/residential-ultrasonic-flow-meters/?utm_source=openai))
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Competitively, Badger Meter benefits from a strong installed base, a long operating history, and a growing reputation in connected water management. Its differentiation comes from combining measurement devices with communications hardware and cloud analytics, allowing utilities to move from periodic manual reads toward real-time insight and remote management. The company’s ultrasonic meter roadmap, cellular AMI offering and software stack help deepen customer relationships and raise switching costs. ([badgermeter.com](https://www.badgermeter.com/en-gb/products/meters/ultrasonic/residential-ultrasonic-flow-meters/?utm_source=openai))
Geographically, Badger Meter has a global commercial footprint but remains firmly rooted in the United States, with Milwaukee as its corporate base and a broad customer reach across municipal, commercial and industrial end markets worldwide. The company also uses acquisitions to expand its capabilities and international reach. ([investors.badgermeter.com](https://investors.badgermeter.com/news-releases/press-release-details/2008/Milwaukee-Wisconsin-US-Fresh-Water-CapitalCONNECTIVITY-Article/default.aspx?utm_source=openai))
Recent developments are important for the investment case. In May 2024, Badger Meter launched BlueEdge as a unified suite of water-management solutions. In January 2025, it completed the acquisition of SmartCover, expanding into sewer and stormwater monitoring. In April 2026, it announced the acquisition of UDlive, a U.K.-based sewer line monitoring specialist, to strengthen its BlueEdge platform and broaden its collection-system monitoring capabilities. These moves underscore a clear strategy: build a more comprehensive smart-water franchise across the entire water cycle. ([badgermeter.com](https://www.badgermeter.com/newsroom/badger-meter-introduces-blueedge/?utm_source=openai))
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