Badger Meter, Inc. (NYSE:BMI) Receives $184.20 Average PT from Analysts

Shares of Badger Meter, Inc. (NYSE:BMI) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $184.20.

BMI has been the subject of a number of research reports. Robert W. Baird raised their price target on shares of Badger Meter from $180.00 to $184.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Argus raised their price objective on shares of Badger Meter from $204.00 to $218.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus raised their price objective on shares of Badger Meter from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, StockNews.com cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

Insider Transactions at Badger Meter

In other news, VP Kimberly K. Stoll sold 1,097 shares of Badger Meter stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total transaction of $224,885.00. Following the transaction, the vice president now directly owns 3,861 shares of the company’s stock, valued at $791,505. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Badger Meter

Several institutional investors have recently added to or reduced their stakes in the stock. SYSTM Wealth Solutions LLC lifted its position in Badger Meter by 9.8% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 615 shares of the scientific and technical instruments company’s stock valued at $100,000 after acquiring an additional 55 shares in the last quarter. Portside Wealth Group LLC increased its stake in Badger Meter by 4.2% in the 2nd quarter. Portside Wealth Group LLC now owns 1,377 shares of the scientific and technical instruments company’s stock valued at $257,000 after buying an additional 55 shares during the last quarter. Farrow Financial Inc. increased its stake in Badger Meter by 0.4% in the 2nd quarter. Farrow Financial Inc. now owns 20,064 shares of the scientific and technical instruments company’s stock valued at $3,739,000 after buying an additional 85 shares during the last quarter. Xponance Inc. increased its stake in Badger Meter by 5.0% in the 2nd quarter. Xponance Inc. now owns 1,871 shares of the scientific and technical instruments company’s stock valued at $349,000 after buying an additional 89 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Badger Meter by 5.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,796 shares of the scientific and technical instruments company’s stock valued at $277,000 after buying an additional 94 shares during the last quarter. 89.01% of the stock is owned by institutional investors.

Badger Meter Trading Up 0.9 %

NYSE BMI opened at $213.68 on Wednesday. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 61.58, a PEG ratio of 2.75 and a beta of 0.77. The company has a 50 day moving average of $199.21 and a 200-day moving average of $185.49. Badger Meter has a 1-year low of $134.06 and a 1-year high of $215.93.

Badger Meter (NYSE:BMI) last posted its quarterly earnings data on Friday, July 19th. The scientific and technical instruments company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. The company had revenue of $216.70 million during the quarter, compared to analyst estimates of $203.39 million. Badger Meter had a net margin of 14.44% and a return on equity of 21.42%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. On average, analysts forecast that Badger Meter will post 4.06 earnings per share for the current year.

Badger Meter Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Badger Meter’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, August 23rd. Badger Meter’s dividend payout ratio (DPR) is currently 39.19%.

Badger Meter Company Profile

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.