China smartphone shipments slumped in June on inventory overhang: Jefferies
William R.A. Bergum, Vice President, General Counsel, and Secretary of Badger Meter Inc . (NYSE:BMI), a company with a market capitalization of $6.3 billion and a "GREAT" financial health rating according to InvestingPro, sold 1,147 shares of the company’s common stock on March 5, 2025. The shares were sold at a weighted average price of $209.74, resulting in a total transaction value of $240,571. Following this sale, Bergum holds 12,709 shares of Badger Meter. The sale was disclosed in a filing with the Securities and Exchange Commission. The stock, which has maintained dividend payments for 55 consecutive years, is currently trading above its InvestingPro Fair Value. Discover comprehensive insider trading patterns and 15+ additional ProTips with a Pro Research Report, available exclusively on InvestingPro.
In other recent news, Badger Meter has made headlines with its largest acquisition to date, purchasing SmartCover for $185 million. This acquisition is expected to impact Badger Meter’s earnings per share (EPS) negatively in 2025 but is projected to have a neutral effect by 2026. Stifel analysts have responded to this development by raising their price target for Badger Meter shares to $209, while maintaining a Hold rating. The analysts highlighted that the acquisition of SmartCover, known for its smart water monitoring solutions, marks a significant milestone in Badger Meter’s history. They anticipate that SmartCover will start contributing positively to Badger Meter’s organic growth in 2026. Furthermore, by 2027 and 2028, SmartCover is expected to enhance the company’s EBITDA margins. Despite the initial dilutive impact, Stifel suggests that the acquisition will ultimately benefit Badger Meter’s growth and profitability. These developments reflect Badger Meter’s strategic moves to strengthen its market position.
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