Brokerages Set Badger Meter, Inc. (NYSE:BMI) PT at $155.71

Badger Meter, Inc. (NYSE:BMIGet Free Report) has received an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $160.00.

BMI has been the topic of several analyst reports. Zacks Research raised shares of Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen lowered shares of Badger Meter from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Maxim Group cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price target on shares of Badger Meter from $190.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Finally, Barclays decreased their price objective on Badger Meter from $110.00 to $109.00 and set an “underweight” rating on the stock in a report on Monday, July 13th.

Check Out Our Latest Research Report on BMI

Institutional Investors Weigh In On Badger Meter

Hedge funds have recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in Badger Meter in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd grew its stake in Badger Meter by 76.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of Badger Meter during the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. increased its holdings in shares of Badger Meter by 62.3% during the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 71 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Badger Meter in the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Stock Down 12.9%

BMI stock opened at $127.02 on Friday. Badger Meter has a twelve month low of $112.09 and a twelve month high of $206.29. The company has a market cap of $3.71 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64. The business’s 50-day simple moving average is $134.06 and its 200 day simple moving average is $144.47.

Badger Meter (NYSE:BMIGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, beating the consensus estimate of $1.01 by $0.01. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The firm had revenue of $220.30 million during the quarter, compared to analysts’ expectations of $220.59 million. During the same quarter in the prior year, the firm posted $1.17 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Badger Meter will post 4.51 EPS for the current year.

Badger Meter Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Badger Meter’s dividend payout ratio (DPR) is presently 36.12%.

Badger Meter News Roundup

Here are the key news stories impacting Badger Meter this week:

About Badger Meter

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Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.

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Analyst Recommendations for Badger Meter (NYSE:BMI)

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