China smartphone shipments slumped in June on inventory overhang: Jefferies
Fred J. Begale, the Vice President of Engineering at Badger Meter Inc . (NYSE:BMI), recently sold a substantial amount of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Begale sold 936 shares on March 5, 2025, at a weighted average price of $209.74 per share, totaling approximately $196,316. The prices received ranged from $208.98 to $210.52 per share. The transaction comes as Badger Meter, now valued at $6.26 billion, trades near its current price of $212.07, representing a 29% gain over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with multiple valuation metrics suggesting premium pricing.
Following this transaction, Begale retains ownership of 2,072 shares of Badger Meter stock. Additionally, the filing disclosed another transaction involving the disposition of 69 shares, valued at $14,472, for tax withholding purposes. After these transactions, Begale’s total shareholding stands at 2,003 shares. InvestingPro data reveals the company maintains a strong financial profile with a GREAT overall health score and has raised its dividend for 32 consecutive years. Subscribers can access 15 additional ProTips and comprehensive analysis in the Pro Research Report, providing deeper insights into Badger Meter’s valuation and growth prospects.
In other recent news, Badger Meter has made headlines with its largest acquisition to date, purchasing SmartCover for $185 million. This acquisition is a significant development for the company, as noted by analysts from Stifel. The acquisition is expected to initially dilute Badger Meter’s earnings per share in 2025 but is projected to have a neutral impact by 2026. Stifel analysts foresee that SmartCover will start contributing positively to Badger Meter’s organic growth in 2026 and enhance its EBITDA margins by 2027 and 2028. Alongside the acquisition, Stifel has adjusted its price target for Badger Meter shares to $209, maintaining a Hold rating. The analysts highlighted the robust growth of Badger Meter’s base business, suggesting a favorable long-term outlook following the acquisition. These recent developments are pivotal for Badger Meter’s future growth and profitability.
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