BMI Badger Meter, Inc. Common Stock
$129.91
Price · Aug 19, 2026
Fundamentals as of Jul 23, 2026
52W Range
$112–$204
19% of range
Analyst Rating
BUY
17 analysts
Price Target
$155
+20% upside
P/E (TTM)
27.1
ROE
20.4%
Net Profit Margin
15.4%
BMI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$129.91
Market Cap
$4.84B
P/E (TTM)
27.1
EPS (TTM)
$4.79
Revenue (TTM)
$917M
Div Yield
0.90%
ROE
20.4%
Debt/Equity
0.0
52W Range
$112 – $204
BMI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$917M
2017-12-31
→
2025-12-31
EPS
$4.79
2017-12-31
→
2025-12-31
Free Cash Flow
$170M
2017-12-31
→
2025-12-31
Margins
15.4%
2017-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BMI
Peer Median
P/E (TTM)
27.1
33.5
P/S (TTM)
5.3
4.9
P/B
6.8
3.8
EV / EBITDA
25.1
—
Price / FCF
28.5
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BMI
Peer Median
Gross Margin
41.7%
45.8%
Operating Margin
20.0%
—
Net Profit Margin
15.4%
12.8%
ROA
15.8%
6.9%
ROE
20.4%
13.0%
ROIC
19.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BMI
Peer Median
Debt / Equity
0.0
—
Current Ratio
3.4
1.8
Quick Ratio
2.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BMI
Peer Median
Revenue YoY
10.9%
—
Revenue CAGR 3Y
17.5%
—
Revenue CAGR 5Y
16.6%
—
EPS YoY
13.2%
—
Net Income YoY
13.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BMI
Peer Median
Payout Ratio
30.7%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.90%
Payout Ratio
30.7%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 22, 2026 | $0.4000 |
| Feb. 27, 2026 | $0.4000 |
| Nov. 21, 2025 | $0.4000 |
| Aug. 22, 2025 | $0.4000 |
| May 23, 2025 | $0.3400 |
| Feb. 28, 2025 | $0.3400 |
| Nov. 22, 2024 | $0.3400 |
| Aug. 23, 2024 | $0.3400 |
| May 23, 2024 | $0.2700 |
| Feb. 22, 2024 | $0.2700 |
| Nov. 22, 2023 | $0.2700 |
| Aug. 24, 2023 | $0.2700 |
| May 25, 2023 | $0.2250 |
| Feb. 23, 2023 | $0.2250 |
| Nov. 23, 2022 | $0.2250 |
| Aug. 25, 2022 | $0.2250 |
| May 26, 2022 | $0.2000 |
| Feb. 24, 2022 | $0.2000 |
| Nov. 24, 2021 | $0.2000 |
| Aug. 26, 2021 | $0.2000 |
BMI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
17 analysts
- Strong Buy 4 23.5%
- Buy 6 35.3%
- Hold 6 35.3%
- Sell 1 5.9%
- Strong Sell 0 0.0%
12-Month Price Target
9 analysts · 2026-08-15
Median
$162.00
Mean
$155.44
Now
$129.91
Low
$112.00
High
$170.00
Median target
$162.00
+24.7%
Mean target
$155.44
+19.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.02 | $1.02 | 0.00% |
| March 31, 2026 | $0.93 | $1.24 | -0.31% |
| Dec. 31, 2025 | $1.14 | $1.18 | -0.04% |
| Sept. 30, 2025 | $1.19 | $1.15 | 0.04% |
| June 30, 2025 | $1.17 | $1.27 | -0.10% |
| March 31, 2025 | $1.30 | $1.07 | 0.23% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BMI | $6.49B | 36.4 | 10.9% | 15.4% | 20.4% | 41.7% |
| RAL | $5.75B | -4.7 | -4.0% | -59.1% | -52.3% | 50.3% |
| NOVT | $4.24B | 80.9 | 3.3% | 5.5% | 5.2% | 44.4% |
| VNT | $5.29B | 13.5 | 3.2% | 13.2% | 35.4% | — |
| ITRI | $4.17B | 14.3 | -3.0% | 12.7% | 19.4% | 37.7% |
| MIR | — | 212.9 | 7.5% | 3.1% | 1.7% | 47.4% |
| OSIS | $3.78B | 25.8 | 11.3% | 8.7% | 16.8% | 34.3% |
| OUST | $1.32B | -20.2 | 52.5% | -35.6% | -25.0% | 49.3% |
| LASR | $1.92B | -79.8 | 31.6% | -9.0% | -10.6% | 29.8% |
| CXT | $2.70B | 18.8 | 11.4% | 8.8% | 12.5% | — |
| ARLO | $1.47B | 99.9 | 3.6% | 2.8% | 12.1% | 44.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $917M | $827M | $704M | $566M | $505M | $426M | $425M | $434M | $402M | $394M | $378M | $365M | |
| Cost of Revenue | $535M | $497M | $427M | $346M | $300M | $257M | $261M | $271M | $247M | $243M | $242M | $234M | |
| Gross Profit | $382M | $329M | $276M | $220M | $205M | $168M | $164M | $162M | $156M | $151M | $136M | $131M | |
| R&D Expense | $22M | $19M | $19M | $16M | $15M | $12M | $12M | $11M | $11M | $11M | $11M | $10M | |
| SG&A Expense | $199M | $171M | $158M | $133M | $127M | $103M | $101M | $105M | $99M | $98M | $93M | $85M | |
| Operating Income | $183M | $158M | $118M | $87M | $79M | $65M | $62M | $57M | $57M | $53M | $42M | $46M | |
| Pretax Income | $189M | $166M | $122M | $88M | $79M | $65M | $62M | $36M | $55M | $50M | $41M | $45M | |
| Income Tax | $47M | $42M | $29M | $21M | $18M | $16M | $14M | $8M | $20M | $18M | $15M | $15M | |
| Net Income | $142M | $125M | $93M | $66M | $61M | $49M | $47M | $28M | $35M | $32M | $26M | $30M | |
| EPS (Basic) | $4.82 | $4.26 | $3.16 | $2.28 | $2.09 | $1.70 | $1.63 | $0.96 | $1.20 | $1.12 | · | · | |
| EPS (Diluted) | $4.79 | $4.23 | $3.14 | $2.26 | $2.08 | $1.69 | $1.61 | $0.95 | $1.19 | $1.11 | · | · | |
| Shares (Basic) | 29,398,000 | 29,356,000 | 29,284,000 | 29,218 | 29,144 | 29,052 | 29,028 | 28,993 | 28,927 | 28,887 | 28,759,000 | 28,613,000 | |
| Shares (Diluted) | 29,569,000 | 29,534,000 | 29,456,000 | 29,376 | 29,338 | 29,230 | 29,220 | 29,189 | 29,111 | 29,050 | 28,894,000 | 28,757,000 | |
| EBITDA | $183M | $158M | $118M | $87M | $79M | $65M | $62M | $57M | $56M | $51M | $42M | $46M |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $226M | $295M | $192M | $138M | $87M | $72M | $49M | $13M | $11M | $7M | $8M | $7M | |
| Receivables | $112M | $84M | $84M | $77M | $66M | $62M | $61M | $66M | $58M | $60M | $57M | $54M | |
| Inventory | $152M | $143M | $154M | $120M | $100M | $82M | $82M | $81M | $85M | $78M | $79M | $72M | |
| Prepaid Expense | $17M | $17M | $13M | $13M | $9M | $8M | $8M | $4M | $4M | $6M | $6M | $5M | |
| Current Assets | $507M | $540M | $442M | $348M | $261M | $224M | $200M | $165M | $159M | $151M | $149M | $141M | |
| PP&E (Net) | $80M | $74M | $74M | $74M | $78M | $83M | $86M | $90M | $94M | $90M | $91M | $82M | |
| PP&E (Gross) | $248M | $233M | $226M | $221M | $217M | $217M | $210M | $214M | $212M | $201M | $194M | $177M | |
| Accum. Depreciation | $169M | $159M | $152M | $147M | $139M | $135M | $124M | $123M | $119M | $111M | $103M | $96M | |
| Goodwill | $236M | $112M | $113M | $101M | $104M | $89M | $71M | $71M | $67M | $49M | $48M | $48M | |
| Intangibles | $118M | $45M | $54M | $54M | $64M | $54M | $48M | $55M | $59M | $52M | $57M | $62M | |
| Other Non-current Assets | $19M | $13M | $11M | $14M | $15M | $17M | $16M | $9M | $10M | $7M | $8M | $8M | |
| Total Assets | $974M | $816M | $717M | $603M | $531M | $471M | $422M | $393M | $392M | $350M | $355M | $341M | |
| Accounts Payable | $72M | $56M | $82M | $71M | $42M | $35M | $32M | $22M | $29M | $18M | $19M | $16M | |
| Short-term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $4M | $18M | $45M | $38M | $71M | $76M | |
| Current Liabilities | $151M | $118M | $132M | $110M | $82M | $68M | $57M | $60M | $93M | $76M | $105M | $107M | |
| Deferred Tax | $3M | $4M | $5M | $5M | $5M | $6M | $876.0K | $3M | $3M | $2M | $774.0K | $6M | |
| Other Non-current Liabilities | $11M | $5M | $5M | $6M | $30M | $26M | $23M | $14M | $4M | $4M | $5M | $2M | |
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $4M | $18M | $45M | $38M | $71M | $76M | |
| Common Stock | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $41M | $21M | |
| Retained Earnings | $646M | $548M | $459M | $395M | $354M | $315M | $286M | $257M | $244M | $224M | $204M | $189M | |
| Treasury Stock | $52M | $37M | $37M | $37M | $37M | $37M | $34M | $29M | $25M | $21M | $31M | $31M | |
| AOCI | $6M | $-8M | $-2M | $-6M | $136.0K | $1M | $425.0K | $580.0K | $-11M | $-12M | $-13M | $-12M | |
| Stockholders' Equity | $713M | $606M | $516M | $442M | $403M | $361M | $331M | $304M | $277M | $256M | $232M | $214M | |
| Liabilities + Equity | $974M | $816M | $717M | $603M | $531M | $471M | $422M | $393M | $392M | $350M | $355M | $341M | |
| Shares Outstanding | 37,221,098 | 37,221,098 | 37,221,098 | 37,221,098 | 37,221,098 | 37,221,098 | 37,200,698 | 37,198,298 | · | · | · | · |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $9M | $6M | $5M | $3M | $2M | $1M | $1M | $4M | $2M | $2M | $2M | $1M | |
| Deferred Tax | $-854.0K | $-11M | $-10M | $-6M | $-3M | $-3M | $-2M | $-5M | $-4M | $710.0K | $-3M | $-1M | |
| Amort. of Intangibles | $15M | $9M | $9M | $9M | $10M | $7M | $7M | $8M | $7M | $6M | $6M | $6M | |
| Operating Cash Flow | $184M | $155M | $110M | $82M | $88M | $90M | $81M | $60M | $50M | $56M | $36M | $36M | |
| CapEx | $14M | $13M | $12M | $6M | $7M | $9M | $7M | $9M | $15M | $11M | $20M | $12M | |
| Investing Cash Flow | $-198M | $-16M | $-29M | $-6M | $-51M | $-38M | $-7M | $-17M | $-35M | $-12M | $-22M | $-33M | |
| Stock Repurchased | $15M | $0 | $0 | $427.0K | $460.0K | $3M | $5M | $5M | $4M | $0 | $0 | $0 | |
| Net Stock Activity | $-15M | $0 | · | $-427.0K | $-460.0K | $-3M | $-5M | $-5M | $-4M | · | · | $0 | |
| Dividends Paid | $44M | $36M | $29M | $25M | $22M | $20M | $19M | $16M | $14M | $12M | $11M | $11M | |
| Financing Cash Flow | $-58M | $-35M | $-28M | $-25M | $-21M | $-28M | $-38M | $-42M | $-10M | $-44M | $-13M | $-3M | |
| Net Change in Cash | $-69M | $104M | $54M | $51M | $15M | $23M | $36M | $2M | $4M | $-825.0K | $2M | $-607.0K | |
| Taxes Paid | $49M | $56M | $39M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $170M | $142M | $98M | $77M | $81M | $81M | $73M | $52M | $35M | $46M | $16M | $23M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.7% | 39.8% | 39.3% | 38.9% | 40.7% | 39.5% | 38.5% | 37.4% | 38.7% | 38.2% | 35.9% | 35.9% | |
| Operating Margin | 20.0% | 19.1% | 16.8% | 15.4% | 15.6% | 15.3% | 14.6% | 13.1% | 13.8% | 12.9% | 11.2% | 12.6% | |
| Net Margin | 15.4% | 15.1% | 13.2% | 11.8% | 12.0% | 11.6% | 11.1% | 6.4% | 8.6% | 8.2% | 6.9% | 8.1% | |
| Pretax Margin | 20.6% | 20.1% | 17.3% | 15.5% | 15.6% | 15.3% | 14.5% | 8.3% | 13.6% | 12.7% | 10.9% | 12.3% | |
| EBITDA Margin | 20.0% | 19.1% | 16.8% | 15.4% | 15.6% | 15.3% | 14.6% | 13.1% | 13.8% | 12.9% | 11.2% | 12.6% | |
| ROA | 15.8% | 16.3% | 14.0% | 11.7% | 12.2% | 11.1% | 11.6% | 7.0% | 9.3% | 9.2% | 7.4% | 9.0% | |
| ROE | 20.4% | 20.9% | 18.4% | 15.4% | 15.3% | 13.8% | 14.4% | 9.3% | 13.0% | 13.2% | 11.6% | 14.4% | |
| ROIC | 19.3% | 19.6% | 17.3% | 15.0% | 15.1% | 13.7% | 14.2% | 13.7% | 10.9% | 11.2% | 8.8% | 10.5% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.4 | 4.6 | 3.4 | 3.2 | 3.2 | 3.4 | 3.5 | 2.7 | 1.7 | 2.0 | 1.4 | 1.3 | |
| Quick Ratio | 2.2 | 3.2 | 2.1 | 1.9 | 1.9 | 2.1 | 1.9 | 1.3 | 0.7 | 0.9 | 0.6 | 0.6 | |
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.3 | 0.4 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | |
| Inventory Turnover | 3.6 | 3.3 | 3.1 | 3.1 | 3.3 | 3.1 | 3.2 | 3.3 | 3.0 | 3.1 | 3.2 | 3.5 | |
| Receivables Turnover | 9.3 | 9.8 | 8.8 | 7.9 | 7.9 | 6.9 | 6.7 | 6.7 | 6.8 | 6.8 | 6.8 | 7.0 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 10.9% | 17.5% | 24.4% | 11.9% | 18.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 17.5% | 17.8% | 18.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.6% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 13.2% | 34.7% | 38.9% | 8.6% | 23.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 28.4% | 26.7% | 22.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 23.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 13.4% | 34.9% | 39.2% | 9.2% | 23.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 28.7% | 27.1% | 23.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 23.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 16.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $917M | $827M | $704M | $566M | $505M | $426M | $425M | $434M | $402M | $394M | $378M | $365M | |
| Net Income TTM | $142M | $125M | $93M | $66M | $61M | $49M | $47M | $28M | $35M | $32M | $26M | $30M | |
| Market Cap | $6.49B | $7.90B | $5.75B | $4.06B | $3.97B | $3.50B | $2.42B | · | · | · | · | · | |
| Enterprise Value | $6.27B | $7.60B | $5.55B | $3.92B | $3.88B | $3.43B | $2.37B | · | · | · | · | · | |
| P/E | 36.4 | 50.1 | 49.2 | 48.2 | 51.2 | 55.7 | 40.3 | 51.8 | 40.2 | 33.3 | 32.5 | 14.4 | |
| P/S | 7.1 | 9.6 | 8.2 | 7.2 | 7.9 | 8.2 | 5.7 | · | · | · | · | · | |
| P/B | 9.1 | 13.0 | 11.1 | 9.2 | 9.8 | 9.7 | 7.3 | · | · | · | · | · | |
| P / Tangible Book | 18.1 | 17.6 | 16.4 | 14.1 | 16.9 | 16.0 | · | · | · | · | · | · | |
| P / Cash Flow | 35.3 | 50.9 | 52.2 | 49.2 | 45.3 | 39.1 | 29.9 | · | · | · | · | · | |
| P / FCF | 38.3 | 55.5 | 58.6 | 53.0 | 49.1 | 43.5 | 33.0 | · | · | · | · | · | |
| EV / EBITDA | 34.2 | 48.1 | 47.0 | 44.9 | 49.3 | 52.6 | 38.2 | · | · | · | · | · | |
| EV / FCF | 36.9 | 53.4 | 56.6 | 51.2 | 48.0 | 42.6 | 32.4 | · | · | · | · | · | |
| EV / Revenue | 6.8 | 9.2 | 7.9 | 6.9 | 7.7 | 8.1 | 5.6 | · | · | · | · | · | |
| Dividend Yield | 0.67% | 0.45% | 0.51% | 0.61% | 0.56% | 0.58% | 0.77% | · | · | · | · | · | |
| Earnings Yield | 2.8% | 2.0% | 2.0% | 2.1% | 1.9% | 1.8% | 2.5% | 1.9% | 2.5% | 3.0% | 3.1% | 6.9% | |
| Payout Ratio | 30.7% | 28.7% | 31.4% | 37.4% | 36.4% | 41.2% | 39.4% | 58.5% | 41.1% | 38.6% | 43.4% | 35.8% | |
| Annual Payout | $44M | $36M | $29M | $25M | $22M | $20M | $19M | $16M | $14M | $12M | $11M | $11M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $222M | $202M | $221M | $236M | $238M | $222M | $205M | $208M | $217M | $196M | $182M | $186M | $176M | $159M | $147M | $148M | |
| Cost of Revenue | $132M | $118M | $128M | $140M | $140M | $127M | $122M | $125M | $131M | $119M | $111M | $113M | $106M | $96M | $90M | $90M | |
| Gross Profit | $91M | $84M | $93M | $96M | $98M | $95M | $83M | $84M | $85M | $77M | $71M | $73M | $69M | $63M | $57M | $58M | |
| SG&A Expense | $51M | $49M | $50M | $50M | $53M | $46M | $44M | $43M | $44M | $41M | $39M | $41M | $40M | $38M | $34M | $34M | |
| Operating Income | $39M | $35M | $43M | $46M | $45M | $49M | $39M | $41M | $42M | $37M | $32M | $31M | $30M | $25M | $22M | $24M | |
| Pretax Income | $40M | $36M | $45M | $47M | $46M | $51M | $42M | $43M | $43M | $38M | $33M | $33M | $30M | $26M | $23M | $24M | |
| Income Tax | $10M | $9M | $11M | $12M | $11M | $12M | $11M | $11M | $10M | $9M | $9M | $7M | $8M | $6M | $5M | $6M | |
| Net Income | $30M | $27M | $34M | $35M | $35M | $38M | $31M | $32M | $33M | $29M | $25M | $26M | $22M | $19M | $18M | $18M | |
| EPS (Basic) | $1.02 | $0.94 | $1.14 | $1.19 | $1.18 | $1.31 | $1.05 | $1.09 | $1.13 | $0.99 | $0.84 | $0.89 | $0.77 | $0.66 | $0.61 | $0.61 | |
| EPS (Diluted) | $1.02 | $0.93 | $1.14 | $1.19 | $1.17 | $1.30 | $1.04 | $1.08 | $1.12 | $0.99 | $0.84 | $0.88 | $0.76 | $0.66 | $0.59 | $0.61 | |
| Shares (Basic) | 29,038,125 | 29,214,558 | -58,818,952 | 29,424,004 | 29,414,457 | 29,378,491 | -58,695,440 | 29,369,923 | 29,361,034 | 29,320,483 | -58,538,763 | 29,294,886 | 29,272,693 | 29,255,184 | -87,596,096 | 29,215,982 | |
| Shares (Diluted) | 29,141,991 | 29,365,170 | -59,164,521 | 29,583,384 | 29,585,340 | 29,564,797 | -59,037,354 | 29,547,928 | 29,528,938 | 29,494,488 | -58,885,853 | 29,473,374 | 29,447,525 | 29,420,954 | -88,050,765 | 29,372,464 | |
| EBITDA | $39M | $35M | · | $46M | $45M | $49M | · | $41M | $42M | $37M | · | $31M | $30M | $25M | · | $24M |
Balance Sheet 24
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $96M | $205M | $226M | $202M | $165M | $131M | $295M | $259M | $226M | $199M | · | $163M | $142M | $128M | · | $115M | |
| Receivables | $121M | $110M | $112M | $115M | $118M | $112M | $84M | $93M | $106M | $92M | · | $89M | $84M | $84M | · | $83M | |
| Inventory | $178M | $175M | $152M | $153M | $147M | $149M | $143M | $159M | $161M | $160M | · | $148M | $145M | $132M | · | $114M | |
| Prepaid Expense | $21M | $17M | $17M | $25M | $18M | $19M | $17M | $18M | $16M | $19M | · | $23M | $18M | $16M | · | $14M | |
| Current Assets | $416M | $508M | $507M | $495M | $448M | $412M | $540M | $529M | $509M | $471M | · | $423M | $389M | $361M | · | $326M | |
| PP&E (Net) | $83M | $81M | $80M | $78M | $78M | $76M | $74M | $73M | $72M | $73M | · | $74M | $75M | $75M | · | $72M | |
| PP&E (Gross) | $257M | $252M | $248M | $246M | $245M | $238M | $233M | $232M | $229M | $227M | · | $228M | $228M | $225M | · | $216M | |
| Accum. Depreciation | $173M | $171M | $169M | $168M | $167M | $162M | $159M | $158M | $157M | $154M | · | $154M | $153M | $150M | · | $144M | |
| Goodwill | $303M | $235M | $236M | $237M | $236M | $232M | $112M | $115M | $113M | $113M | · | $113M | $114M | $114M | · | $99M | |
| Intangibles | $163M | $114M | $118M | $122M | $126M | $131M | $45M | $49M | $50M | $52M | · | $55M | $58M | $60M | · | $54M | |
| Other Non-current Assets | $19M | $19M | $19M | $14M | $16M | $17M | $13M | $14M | $13M | $11M | · | $12M | $12M | $12M | · | $15M | |
| Total Assets | $998M | $971M | $974M | $978M | $936M | $900M | $816M | $803M | $781M | $743M | · | $690M | $659M | $633M | · | $574M | |
| Accounts Payable | $98M | $106M | $72M | $70M | $74M | $74M | $56M | $77M | $96M | $91M | · | $85M | $81M | $80M | · | $65M | |
| Short-term Debt | · | · | $0 | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $172M | $169M | $151M | $153M | $139M | $141M | $118M | $129M | $138M | $135M | · | $129M | $119M | $116M | · | $102M | |
| Deferred Tax | $17M | $3M | $3M | $24M | $24M | $24M | $4M | $5M | $5M | $5M | · | $6M | $7M | $7M | · | $5M | |
| Other Non-current Liabilities | $23M | $11M | $11M | $6M | $7M | $7M | $5M | $6M | $6M | $5M | · | $53M | $49M | $45M | · | $37M | |
| Common Stock | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | $37M | · | $37M | $37M | $37M | · | $37M | |
| Retained Earnings | $680M | $662M | $646M | $624M | $601M | $576M | $548M | $527M | $505M | $480M | · | $442M | $424M | $408M | · | $384M | |
| Treasury Stock | $114M | $89M | $52M | $36M | $36M | $36M | $37M | $37M | $37M | $37M | · | $37M | $37M | $37M | · | $37M | |
| AOCI | $265.0K | $4M | $6M | $5M | $6M | $-3M | $-8M | $-650.0K | $-5M | $-5M | · | $-7M | $-4M | $-4M | · | $-13M | |
| Stockholders' Equity | $683M | $690M | $713M | $703M | $678M | $642M | $606M | $591M | $563M | $536M | $516M | $493M | $476M | $458M | $442M | $423M | |
| Liabilities + Equity | $998M | $971M | $974M | $978M | $936M | $900M | $816M | $803M | $781M | $743M | · | $690M | $659M | $633M | · | $574M | |
| Shares Outstanding | · | · | 37,221,098 | · | · | · | 37,221,098 | · | · | · | · | · | · | · | · | · |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $2M | $3M | $2M | $3M | $2M | $2M | $1M | $2M | $1M | $1M | $1M | $2M | $1M | $978.0K | $704.0K | |
| Deferred Tax | · | · | · | · | · | · | $-11M | $0 | · | · | $-9M | $-25.0K | $-366.0K | $-10.0K | $-6M | $8.0K | |
| Operating Cash Flow | $27M | $34M | $55M | $51M | $45M | $33M | $52M | $45M | $36M | $21M | $38M | $31M | $23M | $18M | $30M | $24M | |
| CapEx | $5M | $4M | $4M | $3M | $4M | $3M | $5M | $3M | $2M | $3M | $2M | $3M | $3M | $4M | $1M | $2M | |
| Investing Cash Flow | $-99M | $-4M | $-4M | $-3M | $-3M | $-188M | $-5M | $-3M | $-2M | $-6M | $-2M | $-3M | $-3M | $-21M | $-1M | $-2M | |
| Stock Repurchased | $25M | $38M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | $0 | $0 | |
| Net Stock Activity | · | $-38M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $12M | $12M | $12M | $12M | $10M | $10M | $10M | $10M | $8M | $8M | $8M | $8M | $7M | $7M | $7M | $7M | |
| Financing Cash Flow | $-37M | $-50M | $-27M | $-12M | $-10M | $-10M | $-10M | $-10M | $-7M | $-8M | $-8M | $-7M | $-7M | $-7M | $-6M | $-7M | |
| Net Change in Cash | $-110M | $-21M | $24M | $36M | $34M | $-164M | $36M | $33M | $27M | $8M | $29M | $21M | $13M | $-10M | $23M | $15M | |
| Free Cash Flow | · | $29M | · | · | · | $30M | · | · | · | $19M | · | · | · | $14M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.8% | 41.7% | · | 40.7% | 41.1% | 43.0% | · | 40.2% | 39.4% | 39.3% | · | 39.1% | 39.5% | 39.5% | · | 38.9% | |
| Operating Margin | 17.7% | 17.4% | · | 19.6% | 18.8% | 22.2% | · | 19.5% | 19.2% | 18.6% | · | 16.9% | 16.8% | 15.7% | · | 16.1% | |
| Net Margin | 13.4% | 13.5% | · | 14.9% | 14.5% | 17.3% | · | 15.4% | 15.3% | 14.8% | · | 14.0% | 12.8% | 12.2% | · | 12.1% | |
| Pretax Margin | 17.9% | 18.0% | · | 20.1% | 19.2% | 22.9% | · | 20.6% | 20.0% | 19.4% | · | 17.5% | 17.2% | 16.1% | · | 16.2% | |
| EBITDA Margin | 17.7% | 17.4% | · | 19.6% | 18.8% | 22.2% | · | 19.5% | 19.2% | 18.6% | · | 16.9% | 16.8% | 15.7% | · | 16.1% | |
| ROA | 3.1% | 2.9% | · | 3.9% | 4.0% | 4.7% | · | 4.3% | 4.6% | 4.2% | · | 4.1% | 3.7% | 3.3% | · | 3.3% | |
| ROE | 4.4% | 4.1% | · | 5.4% | 5.6% | 6.5% | · | 5.9% | 6.4% | 5.9% | · | 5.7% | 5.0% | 4.5% | · | 4.4% | |
| ROIC | 4.3% | 3.8% | · | 4.9% | 5.0% | 5.8% | · | 5.1% | 5.6% | 5.2% | · | 5.1% | 4.6% | 4.1% | · | 4.2% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 3.0 | · | 3.2 | 3.2 | 2.9 | · | 4.1 | 3.7 | 3.5 | · | 3.3 | 3.3 | 3.1 | · | 3.2 | |
| Quick Ratio | 1.3 | 1.9 | · | 2.1 | 2.0 | 1.7 | · | 2.7 | 2.4 | 2.2 | · | 2.0 | 1.9 | 1.8 | · | 1.9 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| Inventory Turnover | 0.8 | 0.7 | · | 0.9 | 0.9 | 0.8 | · | 0.8 | 0.9 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 0.9 | |
| Receivables Turnover | 1.9 | 1.8 | · | 2.3 | 2.1 | 2.2 | · | 2.3 | 2.3 | 2.2 | · | 2.2 | 2.2 | 2.0 | · | 1.9 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $881M | $897M | · | $901M | $874M | $852M | · | $804M | $782M | $741M | · | $668M | $630M | $592M | · | $554M | |
| Net Income TTM | $126M | $131M | · | $139M | $136M | $134M | · | $119M | $113M | $102M | · | $85M | $77M | $72M | · | $66M | |
| P/E | 34.7 | 34.4 | · | 38.0 | 53.4 | 41.9 | · | 54.2 | 48.7 | 46.6 | · | 49.6 | 56.1 | 49.9 | · | 40.9 | |
| Earnings Yield | 2.9% | 2.9% | · | 2.6% | 1.9% | 2.4% | · | 1.8% | 2.1% | 2.1% | · | 2.0% | 1.8% | 2.0% | · | 2.5% | |
| Payout Ratio | · | 42.8% | · | · | · | 26.1% | · | · | · | 27.3% | · | · | · | 34.1% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $917M | $827M | $704M | $566M | $505M |
| Gross Margin % | 41.7% | 39.8% | 39.3% | 38.9% | 40.7% |
| Operating Margin % | 20.0% | 19.1% | 16.8% | 15.4% | 15.6% |
| Net Income | $142M | $125M | $93M | $66M | $61M |
| Diluted EPS | $4.79 | $4.23 | $3.14 | $2.26 | $2.08 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current Ratio | 3.4 | 4.6 | 3.4 | 3.2 | 3.2 |
| Quick Ratio | 2.2 | 3.2 | 2.1 | 1.9 | 1.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $170M | $142M | $98M | $77M | $81M |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 518 filers · $3.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 85 (+18 vs prior Q) | 68 (0 vs prior Q) | 159 (-15 vs prior Q) | 157 (0 vs prior Q) | +7.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $371,665,637 | 2,504,823 | 11.69% | Shares |
| STATE STREET CORP | $245,036,809 | 1,651,414 | 7.70% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $195,464,684 | 1,317,325 | 6.15% | Shares |
| Impax Asset Management Group plc | $140,322,076 | 945,694 | 4.41% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $133,505,932 | 899,623 | 4.20% | Shares |
| FIRST TRUST ADVISORS LP | $114,529,180 | 771,864 | 3.60% | Shares |
| Pictet Asset Management Holding SA | $85,224,215 | 574,477 | 2.68% | Shares |
| NEUBERGER BERMAN GROUP LLC | $73,591,586 | 495,967 | 2.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $72,545,761 | 488,919 | 2.28% | Shares |
| Boston Trust Walden Corp | $64,655,250 | 435,741 | 2.03% | Shares |
| BANK OF AMERICA CORP /DE/ | $60,289,761 | 406,320 | 1.90% | Shares |
| NORGES BANK | $55,537,892 | 374,295 | 1.75% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $49,767,246 | 335,404 | 1.56% | Shares |
| Amundi | $43,636,623 | 293,879 | 1.37% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $41,602,339 | 280,377 | 1.31% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $38,318,096 | 258,243 | 1.20% | Shares |
| FUNDSMITH INVESTMENT SERVICES LTD. | $37,272,462 | 251,196 | 1.17% | Shares |
| Rockefeller Capital Management L.P. | $34,688,446 | 233,781 | 1.09% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $34,073,835 | 229,639 | 1.07% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $31,100,300 | 209,599 | 0.98% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $31,045,399 | 209,229 | 0.98% | Shares |
| Sandhill Capital Partners LLC | $29,918,156 | 201,632 | 0.94% | Shares |
| Select Equity Group, L.P. | $29,568,870 | 199,278 | 0.93% | Shares |
| GOLDMAN SACHS GROUP INC | $29,431,025 | 198,349 | 0.93% | Shares |
| Toroso Investments, LLC | $28,727,943 | 164,715 | 0.90% | Shares |
| Copeland Capital Management, LLC | $28,326,503 | 190,905 | 0.89% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $27,983,578 | 188,594 | 0.88% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $26,959,459 | 181,692 | 0.85% | Shares |
| Belpointe Asset Management LLC | $26,554,678 | 178,964 | 0.83% | Shares |
| Fundsmith LLP | $25,911,154 | 174,627 | 0.81% | Shares |
| TD Asset Management Inc | $25,596,440 | 172,506 | 0.80% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $24,825,462 | 167,310 | 0.78% | Shares |
| MORGAN STANLEY | $23,500,276 | 158,379 | 0.74% | Shares |
| Rodgers Brothers Inc. | $23,033,069 | 155,230 | 0.72% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $22,971,895 | 154,818 | 0.72% | Shares |
| NEEDHAM INVESTMENT MANAGEMENT LLC | $21,515,100 | 145,000 | 0.68% | Shares |
| DF DENT & CO INC | $21,355,580 | 143,925 | 0.67% | Shares |
| RHUMBLINE ADVISERS | $16,791,243 | 113,164 | 0.53% | Shares |
| ProShare Advisors LLC | $16,637,552 | 112,128 | 0.52% | Shares |
| Congress Wealth Management LLC / DE / | $16,221,233 | 66,221 | 0.51% | Shares |
| Bank of New York Mellon Corp | $15,845,500 | 106,790 | 0.50% | Shares |
| GABELLI FUNDS LLC | $15,420,688 | 103,927 | 0.48% | Shares |
| Epoch Investment Partners, Inc. | $15,152,862 | 102,122 | 0.48% | Shares |
| Public Sector Pension Investment Board | $14,878,359 | 100,272 | 0.47% | Shares |
| CONGRESS ASSET MANAGEMENT CO | $14,842,522 | 100,030 | 0.47% | Shares |
| MAIRS & POWER INC | $14,758,539 | 99,464 | 0.46% | Shares |
| GAMCO INVESTORS, INC. ET AL | $14,352,056 | 96,725 | 0.45% | Shares |
| CITIGROUP INC | $14,103,964 | 95,053 | 0.44% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $14,091,463 | 94,969 | 0.44% | Shares |
| CI INVESTMENTS INC. | $13,795,334 | 92,973 | 0.43% | Shares |
| Granite Investment Partners, LLC | $13,574,544 | 91,485 | 0.43% | Shares |
| EULAV Asset Management | $12,493,596 | 84,200 | 0.39% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $12,133,626 | 81,774 | 0.38% | Shares |
| Daventry Group, LP | $11,900,076 | 80,200 | 0.37% | Shares |
| Robeco Schweiz AG | $11,261,448 | 75,896 | 0.35% | Shares |
| Triodos Investment Management BV | $11,128,500 | 75,000 | 0.35% | Shares |
| Swiss Life Asset Management Ltd | $10,912,014 | 73,541 | 0.34% | Shares |
| ALPS ADVISORS INC | $10,639,885 | 71,707 | 0.33% | Shares |
| Vulcan Value Partners, LLC | $10,191,378 | 68,684 | 0.32% | Shares |
| DUDLEY & SHANLEY, INC. | $9,347,940 | 63,000 | 0.29% | Shares |
| BROWN CAPITAL MANAGEMENT LLC | $9,231,907 | 62,218 | 0.29% | Shares |
| Williams Jones Wealth Management, LLC. | $9,139,614 | 61,596 | 0.29% | Shares |
| Swiss National Bank | $8,695,068 | 58,600 | 0.27% | Shares |
| Balyasny Asset Management L.P. | $8,681,862 | 58,511 | 0.27% | Shares |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $8,416,803 | 56,724 | 0.26% | Shares |
| Holocene Advisors, LP | $7,993,231 | 53,870 | 0.25% | Shares |
| Waverly Advisors, LLC | $7,964,234 | 53,675 | 0.25% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $7,732,230 | 52,111 | 0.24% | Shares |
| KLP KAPITALFORVALTNING AS | $7,478,352 | 50,400 | 0.24% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,329,972 | 49,400 | 0.23% | Put option |
| UBS Group AG | $7,198,804 | 48,516 | 0.23% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $7,091,525 | 47,793 | 0.22% | Shares |
| AMERIPRISE FINANCIAL INC | $6,762,864 | 45,578 | 0.21% | Shares |
| Legal & General Group Plc | $6,638,818 | 44,742 | 0.21% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $6,597,419 | 44,463 | 0.21% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $6,461,950 | 43,550 | 0.20% | Shares |
| Meiji Yasuda Asset Management Co Ltd. | $6,303,924 | 42,485 | 0.20% | Shares |
| Assenagon Asset Management S.A. | $6,066,961 | 40,888 | 0.19% | Shares |
| Advisors Asset Management, Inc. | $6,064,299 | 28,589 | 0.19% | Shares |
| Candriam S.C.A. | $5,982,855 | 40,360 | 0.19% | Shares |
| ALTA CAPITAL MANAGEMENT LLC/ | $5,962,792 | 40,185 | 0.19% | Shares |
| California Public Employees Retirement System | $5,953,006 | 40,120 | 0.19% | Shares |
| MIROVA | $5,806,406 | 39,132 | 0.18% | Shares |
| BARCLAYS PLC | $5,636,362 | 37,986 | 0.18% | Shares |
| Vest Financial, LLC | $5,559,947 | 37,471 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $5,538,837 | 36,356 | 0.17% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $5,424,328 | 36,557 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,208,999 | 34,191 | 0.16% | Shares |
| BRIDGES INVESTMENT MANAGEMENT INC | $5,186,178 | 34,952 | 0.16% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $5,102,788 | 34,390 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $4,796,977 | 32,329 | 0.15% | Shares |
| AMERICAN CENTURY COMPANIES INC | $4,784,068 | 32,242 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,748,160 | 32,000 | 0.15% | Call option |
| LPL Financial LLC | $4,657,497 | 31,389 | 0.15% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $4,537,460 | 30,580 | 0.14% | Shares |
| PRUDENTIAL FINANCIAL INC | $4,524,106 | 30,490 | 0.14% | Shares |
| Grandeur Peak Global Advisors, LLC | $4,352,579 | 29,334 | 0.14% | Shares |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $4,160,724 | 28,041 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $4,089,353 | 27,560 | 0.13% | Shares |
| MARSHALL WACE, LLP | $4,019,465 | 27,089 | 0.13% | Shares |
Company insiders 48 insiders · 22 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kenneth Bockhorst | Chairman, President & CEO | April 21, 2026 P | 51,676 | 2 | 0 | $761,552 |
| Daniel R Weltzien | VP-CFO & Treasurer | March 6, 2026 A | 6,190 | 0 | 0 | $0 |
| Edward F. Callahan | VP-Engineering | July 30, 2026 P | 1,937 | 2 | 0 | $201,358 |
| Robert Wrocklage | EVP-N.A. Muncipal Utility | April 23, 2026 P | 23,321 | 2 | 0 | $373,728 |
| Christina M. Tarantino | VP-Controller | April 21, 2026 P | 1,801 | 1 | 0 | $99,006 |
| Richard Htwe | VP-Global Operations | April 21, 2026 P | 7,603 | 2 | 0 | $698,574 |
| William R A Bergum | VP-Gen. Counsel and Secretary | April 21, 2026 I | 13,365 | 0 | 0 | $0 |
| Matthew L Stuyvenberg | EVP-SaaS Intl Utility & Comm'l | March 6, 2026 A | 6,428 | 0 | 0 | $0 |
| Sheryl Hopkins | VP - Human Resources | March 6, 2026 A | 5,670 | 0 | 0 | $0 |
| Kimberly K Stoll | VP-Cust Serv & GM SmartCover | March 6, 2026 S | 3,523 | 0 | 3 | $-286,402 |
| Fred J Begale | VP-Utility NPD | March 6, 2026 F | 3,004 | 0 | 1 | $-309,600 |
| Karen M. Bauer | VP-IR, Strategy & Treasurer | March 5, 2025 S | 5,076 | 0 | 0 | $0 |
| Lars Bo Kristensen | VP-Global Flow and Intl Water | March 1, 2024 A | 744 | 0 | 0 | $0 |
| Gregory M Gomez | VP-Flow Instrumentation | March 7, 2022 S | 14,141 | 0 | 0 | $0 |
| William Parisen | VP-Global Operations | March 4, 2022 A | 3,635 | 0 | 0 | $0 |
| Trina L. Jashinsky | VP-Human Resources | March 6, 2020 A | 2,479 | 0 | 0 | $0 |
| Horst Gras | VP-International | May 31, 2019 M | 0 | 0 | 0 | $0 |
| Raymond G Serdynski | VP-Manufacturing | April 23, 2019 M | 7,629 | 0 | 0 | $0 |
| Richard E Johnson | Sr. VP-Admin | Feb. 22, 2019 M | 50,000 | 0 | 0 | $0 |
| SMILEY BEVERLY L P | VP-Controller | Jan. 25, 2019 A | 12,949 | 0 | 0 | $0 |
| Dennis J Webb | VP-Customer Solutions | May 7, 2013 J | 600 | 0 | 0 | $0 |
| Bryan L Cieslak | VP-Operations | Jan. 25, 2007 A | 158 | 0 | 0 | $0 |
| Xia Liu | Director | July 1, 2026 A | — | 0 | 0 | $0 |
| Todd A. Adams | Director | July 1, 2026 A | 0 | 0 | 0 | $0 |
| Melanie K. Cook | Director | April 27, 2026 A | 3,237 | 0 | 0 | $0 |
| Henry F Brooks | Director | April 27, 2026 A | 3,237 | 0 | 0 | $0 |
| Tessa M. Myers | Director | April 27, 2026 A | 5,913 | 0 | 0 | $0 |
| James F Stern | Director | April 27, 2026 A | 8,551 | 0 | 0 | $0 |
| James W Mcgill | Director | April 27, 2026 A | 4,893 | 0 | 0 | $0 |
| Glen E Tellock | Director | April 27, 2026 A | 8,551 | 0 | 0 | $0 |
| Gale E Klappa | Director | May 2, 2022 A | 20,427 | 0 | 0 | $0 |
| Gail A Lione | Director | July 23, 2021 S | 10,154 | 0 | 0 | $0 |
| Thomas J Fischer | Director | April 29, 2019 A | 29,494 | 0 | 0 | $0 |
| Todd J Teske | Director | April 29, 2019 A | 18,004 | 0 | 0 | $0 |
| POLICANO ANDREW J | Director | Sept. 5, 2017 S | 24,561 | 0 | 0 | $0 |
| DIX RONALD H | Director | June 9, 2017 S | 43,000 | 0 | 0 | $0 |
| Steven J Smith | Director | May 2, 2016 A | 28,673 | 0 | 0 | $0 |
| Kenneth P Manning | Director | April 27, 2009 J | 64,945 | 0 | 0 | $0 |
| Ulice Payne JR | Director | April 27, 2009 J | 19,545 | 0 | 0 | $0 |
| Richard A Meeusen | — | March 3, 2020 M | 74,582 | 0 | 0 | $0 |
| Kristie J Zahn | — | May 1, 2012 J | 0 | 0 | 0 | $0 |
| John J Stollenwerk | — | April 27, 2012 J | 69,786 | 0 | 0 | $0 |
| Daniel D Zandron | — | Nov. 11, 2009 S | 10,786 | 0 | 0 | $0 |
| Kenneth E Smith | — | Aug. 10, 2005 S | 0 | 0 | 0 | $0 |
| Robert M Bullis | — | Aug. 1, 2005 S | 6,538 | 0 | 0 | $0 |
| FORBES JAMES L | — | April 19, 2005 S | 125,884 | 0 | 0 | $0 |
| BADGER METER OFFICERS VOTING TRUST | — | April 2, 2004 Z | 82,234 | 0 | 0 | $0 |
| Doanld J Schuenke | — | Feb. 4, 2004 M | 12,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| James O. Wright | Dec. 30, 2005 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 88 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RSMC · Tidal Trust III | 2.61% | 162,450 NS | April 30, 2026 | N-PORT |
| TDV · ProShares Trust | 2.47% | 57,742 NS | May 31, 2026 | N-PORT |
| PHO · Invesco Exchange-Traded Fund Trust | 1.80% | 271,055 SH | Aug. 8, 2026 | Daily |
| PSCT · Invesco Exchange-Traded Fund Trust … | 1.72% | 63,817 SH | Aug. 8, 2026 | Daily |
| SCOW · Pacer Funds Trust | 1.37% | 175 NS | April 30, 2026 | N-PORT |
| CGW · Invesco Exchange-Traded Fund Trust … | 1.33% | 103,219 SH | Aug. 8, 2026 | Daily |
| CSMD · Professionally Managed Portfolios | 1.09% | 39,174 NS | April 30, 2026 | N-PORT |
| EFRA · iShares Trust | 1.03% | 438 SH | Aug. 8, 2026 | Daily |
| OUSM · ALPS ETF Trust | 0.95% | 67,538 NS | May 31, 2026 | N-PORT |
| SMDV · ProShares Trust | 0.79% | 41,958 NS | May 31, 2026 | N-PORT |
| TBLU · Tortoise Capital Series Trust | 0.58% | 2,485 NS | May 31, 2026 | N-PORT |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.58% | 5,749 SH | Aug. 8, 2026 | Daily |
| FSCC · Federated Hermes ETF Trust | 0.52% | 11,691 NS | May 31, 2026 | N-PORT |
| NBSM · Neuberger Berman ETF Trust | 0.51% | 9,349 NS | May 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.47% | 34,739 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.45% | 270,615 SH | Aug. 8, 2026 | Daily |
| CAFG · Pacer Funds Trust | 0.40% | 757 NS | April 30, 2026 | N-PORT |
| SNPD · DBX ETF Trust | 0.32% | 68 NS | May 29, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.31% | 21,208 NS | April 30, 2026 | N-PORT |
| CCSO · Tidal Trust II | 0.30% | 1,157 NS | April 30, 2026 | N-PORT |
| RZG · Invesco Exchange-Traded Fund Trust | 0.29% | 2,926 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.29% | 30,646 NS | April 30, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.26% | 31,882 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.25% | 270,349 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.25% | 3,449 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.23% | 102,075 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.22% | 1,780,011 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.16% | 353 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.16% | 1,060 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.13% | 28,206 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.13% | 171,464 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.13% | 757,009 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.12% | 387,282 SH | Aug. 8, 2026 | Daily |
| MADE · iShares Trust | 0.12% | 544 SH | Aug. 8, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.11% | 4,500 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.10% | 18,623 NS | April 30, 2026 | N-PORT |
| VALQ · AMERICAN CENTURY ETF TRUST | 0.09% | 2,624 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.09% | 28,564 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.09% | 1,396 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.09% | 20,324 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.09% | 18,347 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.09% | 6,927 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.08% | 96,316 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.08% | 141,771 NS | May 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.07% | 68 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 11,881 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.07% | 4,939 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.06% | 639 NS | April 30, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.06% | 738,572 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.06% | 1,260 SH | Aug. 8, 2026 | Daily |