State Street Corp. Updates Passive Stake in Badger Meter Inc.
Ticker: BMI · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 9092
| Field | Detail |
|---|---|
| Company | Badger Meter Inc (BMI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still holds Badger Meter stock, signaling continued institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Badger Meter Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued passive investment in Badger Meter. This matters to investors because State Street's significant, albeit passive, stake suggests institutional confidence in Badger Meter's long-term prospects, potentially signaling stability to current and prospective shareholders.
Why It Matters
This filing confirms State Street Corporation's ongoing institutional investment in Badger Meter, providing transparency on a major holder's position. It can influence investor sentiment by showing continued institutional interest.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in investment strategy or control.
Analyst Insight
An investor should note that a large institutional investor like State Street Corporation continues to hold a position in Badger Meter Inc., which can be seen as a vote of confidence, but this filing itself doesn't indicate any new aggressive moves or changes in company fundamentals.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Badger Meter Inc. (company) — the subject company whose securities are being reported
- 056525108 (number) — CUSIP number for Badger Meter Inc. common stock
- December 31, 2023 (date) — the date of the event requiring this filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will maintain a passive investment in Badger Meter Inc. for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with an IRS Identification No. of 04-24.
What is the subject company whose securities are being reported?
The subject company is BADGER METER INC, identified by CIK 0000009092.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Badger Meter Inc. is 056525108.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding BADGER METER INC (BMI).