Analysts Set Badger Meter, Inc. (NYSE:BMI) Price Target at $216.00

Shares of Badger Meter, Inc. (NYSE:BMI) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $216.00.

BMI has been the topic of several research analyst reports. Maxim Group raised their price target on Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Stifel Nicolaus raised their target price on Badger Meter from $203.00 to $208.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird upped their price target on Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a report on Friday, October 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BMI. HighTower Advisors LLC raised its stake in shares of Badger Meter by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 5,312 shares of the scientific and technical instruments company’s stock valued at $1,165,000 after buying an additional 56 shares in the last quarter. Private Advisor Group LLC raised its position in Badger Meter by 4.5% in the third quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company’s stock worth $357,000 after purchasing an additional 71 shares in the last quarter. Xponance Inc. lifted its stake in Badger Meter by 5.0% during the second quarter. Xponance Inc. now owns 1,871 shares of the scientific and technical instruments company’s stock worth $349,000 after purchasing an additional 89 shares during the period. Synovus Financial Corp boosted its holdings in Badger Meter by 4.6% during the third quarter. Synovus Financial Corp now owns 2,211 shares of the scientific and technical instruments company’s stock valued at $483,000 after purchasing an additional 98 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Badger Meter by 0.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 26,039 shares of the scientific and technical instruments company’s stock valued at $5,523,000 after purchasing an additional 170 shares during the period. 89.01% of the stock is owned by institutional investors.

Badger Meter Trading Up 0.5 %

NYSE BMI opened at $215.06 on Tuesday. Badger Meter has a 1 year low of $139.50 and a 1 year high of $239.11. The company has a fifty day simple moving average of $218.41 and a 200 day simple moving average of $209.99. The company has a market cap of $6.33 billion, a P/E ratio of 53.37, a P/E/G ratio of 2.30 and a beta of 0.79.

Badger Meter Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Friday, November 22nd. Badger Meter’s dividend payout ratio is presently 33.75%.

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.