Vanguard Group Amends Badger Meter Stake to 10.1%

TL;DR

**Vanguard still owns 10.1% of Badger Meter as of Dec 29, 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment (SC 13G/A) on February 13, 2024, updating its ownership in Badger Meter Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 2,986,950 shares of Badger Meter's Common Stock, representing 10.1% of the company. This is an amendment to their previous filing, indicating a change in their holdings. For investors, this shows that a significant institutional investor maintains a substantial stake in Badger Meter, which can be seen as a vote of confidence, but also means a large block of shares could potentially be sold in the future.

Why It Matters

This filing confirms Vanguard's continued significant ownership in Badger Meter, signaling their long-term interest in the company, which can influence investor sentiment and stock stability.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.

Analyst Insight

Investors should note Vanguard's continued substantial stake as a sign of institutional confidence, but also recognize that such large holdings can impact liquidity if Vanguard were to significantly alter its position.

Key Numbers

• 2,986,950 — Shares Beneficially Owned (Represents the total number of Badger Meter Inc. common stock shares Vanguard Group beneficially owns.)
• 10.1% — Percentage of Class (Indicates the significant portion of Badger Meter Inc. that Vanguard Group controls, making them a major shareholder.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Badger Meter Inc (company) — subject company whose securities are being reported
• 2,986,950 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 10.1% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will likely maintain a significant stake in Badger Meter Inc. for the foreseeable future, given their history of passive index investing. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

From the Filing

0001104659-24-020391.txt : 20240213 0001104659-24-020391.hdr.sgml : 20240213 20240213165906 ACCESSION NUMBER: 0001104659-24-020391 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BADGER METER INC CENTRAL INDEX KEY: 0000009092 STANDARD INDUSTRIAL CLASSIFICATION: TOTALIZING FLUID METERS & COUNTING DEVICES [3824] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 390143280 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17763 FILM NUMBER: 24627502 BUSINESS ADDRESS: STREET 1: 4545 WEST BROWN DEER ROAD CITY: MILWAUKEE STATE: WI ZIP: 53223 BUSINESS PHONE: 4143715702 MAIL ADDRESS: STREET 1: 4545 W BROWN DEER RD CITY: MILWAUKEE STATE: WI ZIP: 53223 FORMER COMPANY: FORMER CONFORMED NAME: BADGER METER MANUFACTURING CO DATE OF NAME CHANGE: 19710729 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0394-badgermeterinc.htm SCHEDULE 13G/A badgermeterinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)* Name of issuer:  Badger Meter Inc Title of Class of Securities:  Common Stock CUSIP Number:  056525108 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  056525108 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 55,015 7.  SOLE DISPOSITIVE POWER 3,565,585 8.  SHARED DISPOSITIVE POWER 86,201 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,651,786 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.44% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Badger Meter Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 4545 West Brown Deer Road Milwaukee, WI 53223-2413 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pe