BMI BADGER METER INC Insider Trading

EVP Robert Wrocklage buys 1,000 shares at $122.35; stock down 51.6% from 52-week high amid 4-person cluster purchase

Wrocklage, EVP of North America Municipal Utility at Badger Meter, purchased 1,000 shares at $122.35 on 2026-04-23, bringing his holdings to 23,321 shares. The transaction occurs as the stock trades at $123.00, down 51.6% from its 52-week high of $254.17 and down 27.4% over the past 90 days. More notably, this purchase is part of a cluster pattern: 4 other insiders bought within the same 14-day window. Badger Meter trades at a P/E of 27.52 with $202.3M quarterly revenue and 10.9% annual growth, suggesting the company remains operationally sound despite the sharp recent drawdown. The concentration of insider buying during a period of significant stock weakness warrants attention as a potential signal of management's assessment of valuation, though Wrocklage's own prior trades at this ticker show a -3.6% 30-day return, indicating his recent timing has not been favorable.

VP-Engineering Callahan purchases 858 BMI shares at $116.30; holdings surge +261.6% in cluster pattern amid -51.4% drawdown from 52-week high

Callahan Edward F., VP-Engineering at Badger Meter, purchased 858 shares at $116.30 on 2026-04-21, increasing his holdings from 328 to 1,186 shares (+261.6% net change). This transaction occurs within a cluster of three other insider buys in the past 14 days, establishing a contemporaneous pattern of executive accumulation. The timing is notable: the current price of $123.56 is -51.4% from the 52-week high of $254.17 and has declined -28.2% over the past 90 days, placing the transaction during a significant drawdown. With the company posting $202.3M quarterly revenue growth of +10.9% year-over-year and net income of $27.3M, the fundamental earnings picture remains positive despite recent share-price weakness.

VP-Controller Tarantino purchases 870 BMI shares at $113.80; part of 3-insider cluster buy in 14 days

Christina M. Tarantino, VP-Controller at Badger Meter, purchased 870 shares at $113.80 on 2026-04-21, increasing her holdings from 931 shares to 1,801 shares (+93.4%). This transaction is part of a broader cluster pattern: 3 other insiders also bought within the same 14-day window. The transaction occurred at a price substantially below the current market level of $123.56, and the stock is currently trading -51.4% from its 52-week high of $254.17. The company reports strong fundamentals with latest-quarter revenue of $202.3M, annual revenue growth of +10.9%, and net income of $27.3M, supporting a P/E of 27.64. The coordinated buying activity by multiple insiders during a period of significant price decline from recent highs warrants investor attention to determine whether this reflects confidence in valuation or other operational factors.

VP-Global Operations bought 1,700 shares of BMI at $116.13 ($197.4K); cluster of 4 insiders buying within 14 days amid -51.4% drawdown from 52-week high.

Richard Htwe, VP-Global Operations at Badger Meter, purchased 1,700 shares at $116.13, expanding his holdings by 28.8% to 7,603 shares total. This transaction is noteworthy because it occurs within a cluster of 3 other insider purchases in the past 14 days—a pattern suggesting coordinated conviction at the company level. The purchase occurred when the stock was trading at $123.56, representing a 51.4% drawdown from its 52-week high of $254.17 and a 28.2% decline over 90 days, indicating the transaction happened during a material price correction. The company's fundamentals remain solid with annual revenue growth of 10.9% and net income of $27.3M on revenue of $202.3M, suggesting the price decline is not correlated with operational deterioration. This cluster buy pattern warrants monitoring to assess whether insider appetite at depressed levels reflects management's view of underlying value.

Badger Meter CEO Kenneth Bockhorst buys 2,200 shares at $117.53; stock down -29.0% in 90 days; cluster pattern detected.

Kenneth Bockhorst, Chairman, President & CEO of Badger Meter, purchased 2,200 shares at $117.53 on 2026-04-21, increasing holdings from 49,476 to 51,676 shares. The transaction occurs in a sharply deteriorating price environment: the stock has declined -29.0% over 90 days and currently trades at $120.89, down -52.4% from its 52-week high of $254.17. His prior same-ticker history shows three sales in early March 2025, all of which were followed by 90-day gains (+17.0% to +21.2%), indicating poorly timed exits that missed subsequent recoveries. The current buy follows a February 2026 purchase that itself showed a -5.3% 30-day return, suggesting a pattern of buying into weakness. This transaction is part of a broader cluster: 3 other insiders also bought within the past 14 days, which may indicate organizational-level confidence despite the recent price deterioration, though the cross-ticker timing accuracy of prior open-market activity (0.00% well-timed rate on sells) does not establish predictive value for this position.

CEO Kenneth Bockhorst buys 3,300 BMI shares at $152.42 (+9.0% of holdings); stock down 38.3% from 52-week high

Bockhorst purchased 3,300 shares (3.3K shares) at $152.42, increasing his holdings to 40,013 shares (40.0K shares). The transaction occurs with BMI trading at $156.92, positioned 38.3% below its 52-week high of $254.17 and down 8.6% over the prior 30 days. His prior transactions at BMI—three sales in early March 2025—yielded positive 90-day returns (+21.2%, +20.2%, +17.0%), meaning the stock rose after each sale. His cross-ticker sell history shows 0.00% well-timed rate at the 90-day mark, indicating prior sales generally missed subsequent gains. This buy occurs in a downward price environment following a pattern of prior exits that did not capture subsequent rallies, yet the company posts strong fundamentals: $222.2M quarterly revenue, $35.1M net income, +17.5% annual revenue growth, and a 33.32 P/E ratio supporting a $4.6B market cap.

EVP Wrocklage buys 1,650 BMI shares at $152.35 amid -12.4% 30-day decline and 32.49 P/E

Wrocklage, EVP of North America Municipal Utility at Badger Meter, purchased 1,650 shares for $251,377.50 on 2026-02-09, increasing his holdings by 9.2% to 19,541 shares. The purchase occurred as the stock has declined 12.4% over the past 30 days and trades 39.8% below its 52-week high of $254.17, though the company maintains solid fundamentals with annual revenue growth of +17.5% and a P/E of 32.49. The timing of this open-market acquisition against a recent downtrend may signal his view on valuation at current levels, though the execution reflects a discrete transaction rather than a pattern of active accumulation or rebalancing.

BMI CEO Kenneth Bockhorst sold 16,073 shares ($3.4M) on 2025-03-05; third consecutive daily sale totaling position reduction

Kenneth Bockhorst, Chairman, President & CEO of Badger Meter, sold 16,073 shares at $209.74 on 2025-03-05, reducing his holdings from 51,034 to 34,961 shares (-31.5% net change). This sale is the third in a sequence of consecutive daily transactions (prior sells on 2025-03-04 and 2025-03-03), suggesting a coordinated liquidation rather than an isolated trade. The cumulative reduction of roughly one-third of his position over three days, totaling $3.4M, merits investor attention given the CEO's status and the substantial concentration of shares being divested. Current BMI stock price of $212.07 sits 10.8% below the 52-week high of $237.67, and the timing of these sales immediately after the stock declined 4.3% in the prior month indicates the insider executed these dispositions into a weakening price environment.

Bockhorst sells 2,751 shares at avg. $210.61 for $579,398.45; retains 51,034 shares post-sale

Kenneth Bockhorst, Chairman, President & CEO of Badger Meter, executed 2 separate sales totaling 2,751 shares for $579,398.45 between March 3–4, 2025, at prices ($212.13 and $209.50) very close to the current price of $210.18. This sale represents a 5.1% reduction of his pre-transaction holdings. The stock is currently -11.6% from its 52-week high of $237.67 and down 6.2% over the past 90 days, trading in a range where the insider's recent execution was clustered. Bockhorst retains substantial ownership at 51,034 shares, indicating continued material stake in the company despite the reduction. His cross-ticker track record shows only 1 prior sell transaction, limiting inference about his typical trade patterns at this ticker.