Badger Meter Inc., a Milwaukee-based manufacturer and marketer of liquid flow measurement and control products and technologies, announced it has been selected for inclusion in the S&P SmallCap 600 in the industrial machinery sub-industry index.
The company joined the index at the close of the market Tuesday.
"Badger Meter is pleased to be added to the S&P SmallCap 600 index," said Richard Meeusen, chairman, president and chief executive officer of Badger Meter. "We believe our inclusion recognizes Badger's strong performance record and future growth potential."
Badger Meter, with a market cap of approximately $640 million, is one of 600 domestic companies included in the S&P SmallCap 600. Introduced by Standard & Poor's in 1994, the index is designed to highlight U.S.-based companies with market caps in the range of $200 million to $1 billion. In addition to meeting size criteria, stocks are selected for the index based on financial viability, public float, adequate liquidity, stock price, sector representation and company type. Inclusion in the listing provides small-cap companies with increased visibility, wider coverage by securities analysts and increased stock trading.
Badger Meter joins S&P SmallCap 600
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