Perpetual Ltd Reduces Stake in Badger Meter, Inc.

Investment firm lowers holdings in scientific instruments company by 20%

Apr. 5, 2026 at 9:33am

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Perpetual Ltd, a major institutional investor, has reduced its stake in Badger Meter, Inc. (NYSE:BMI) by 20.2% during the fourth quarter, according to a recent SEC filing. The fund now owns approximately 33,289 shares of the scientific and technical instruments company's stock, valued at around $5.81 million.

Why it matters

Badger Meter is a leading manufacturer of water meters and flow control solutions, serving municipal and industrial customers globally. The company's stock has seen volatility in recent quarters as it navigates supply chain challenges and economic uncertainty. Perpetual Ltd's reduced position could signal broader investor sentiment around the stock.

The details

According to the filing, Perpetual Ltd sold 8,446 shares of Badger Meter during the fourth quarter, lowering its total stake to 33,289 shares. This represents approximately 0.11% of the company's outstanding shares. Several other major investors, including Bamco Inc. NY, Amundi, and UBS Group AG, have also adjusted their positions in Badger Meter in recent quarters.

  • Perpetual Ltd reduced its Badger Meter holdings during the fourth quarter of 2025.
  • The filing was submitted to the SEC on April 5, 2026.

The players

Perpetual Ltd

A global investment management firm that has held a position in Badger Meter, Inc.

Badger Meter, Inc.

A manufacturer of water meters, control valves, and related flow measurement and control solutions for municipal and industrial customers.

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The takeaway

Perpetual Ltd's reduced stake in Badger Meter could signal broader investor caution around the company's near-term outlook, despite its long-term position as a leading provider of water infrastructure technologies. The stock's performance will likely continue to be closely watched by the investment community.