Fundsmith 13F: New $19M Stake in Badger Meter (BMI)

Fundsmith Opens New Position in Badger Meter Inc

Fundsmith initiated a brand-new position in Badger Meter, Inc. (NYSE: BMI) during the period, according to the investor's latest Form 13F filing with the Securities and Exchange Commission. The filing reflects holdings as of the reporting period and may not represent the investor's current position.

Inside Fundsmith's New Badger Meter Holding

The fund bought 142,491 shares of Badger Meter, establishing a fresh stake with a reported value of about $18.8 million. Because this is a new investment, there was no prior share count or percentage change to report for the period.

Badger Meter Stock Trades Below 50-Day Moving Average

Badger Meter shares traded hands around $131.73 recently, positioning the stock well below its 52-week peak of $204.00 and above its 52-week trough of $112.09. The company carries a market capitalization of roughly $3.81 billion and a price-to-earnings ratio of 30.8. Its 50-day moving average sits at $133.90, while the 200-day moving average rests higher at $145.07.

Analysts Set New Price Targets

On July 20, 2026, Stifel maintained a Buy rating on the stock while lifting its price target to $170.0 from $140.0. On July 23, 2026, JP Morgan maintained an Overweight rating and adjusted its target to $170.0 from $172.0. On the same day, Baird maintained an Outperform rating with a target of $167.0, down from $170.0, while RBC Capital maintained an Outperform rating with a target lowered to $162.0 from $169.0. Stifel also maintained a Buy rating on July 23, 2026, with a target of $165.0 down from $170.0. Later, Barclays maintained an Underweight rating on July 28, 2026, with a target of $112.0, and again on October 13, 2026, with a target of $111.0. Overall, analysts maintain a consensus buy rating on the stock with a mean price target of $156.67 across 9 analyst opinions.

Badger Meter Solutions and Water Management Technology

Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions for water utilities and industrial markets worldwide. Based in Milwaukee, Wisconsin, the company provides smart water metering software, optical sensing instruments, and leak detection sensors designed to help municipal and commercial customers monitor and manage water usage efficiently.

What to Watch Next for Badger Meter

Investors will look toward the company's next earnings report scheduled for October 21, 2026, for updated figures on revenue and profit margins. Because 13F filings look backward, this disclosure captures only historical positioning and does not reflect any trades made since the reporting date.