Badger Meter, Inc. (NYSE:BMI) Receives Consensus Rating of “Hold” from Brokerages

Badger Meter, Inc. (NYSE:BMIGet Free Report) has been given a consensus recommendation of “Hold” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $155.8571.

Several equities research analysts have weighed in on BMI shares. Robert W. Baird reduced their price objective on Badger Meter from $173.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Maxim Group cut Badger Meter from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Stifel Nicolaus set a $140.00 price objective on Badger Meter in a research note on Friday, May 22nd. Zacks Research cut Badger Meter from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Badger Meter in a research note on Thursday, May 21st.

Get Our Latest Stock Analysis on BMI

Insider Activity

In other Badger Meter news, VP Christina M. Tarantino bought 870 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were purchased at an average price of $113.80 per share, with a total value of $99,006.00. Following the completion of the purchase, the vice president owned 1,801 shares in the company, valued at $204,953.80. This represents a 93.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert Wrocklage bought 1,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average cost of $122.35 per share, for a total transaction of $122,350.00. Following the purchase, the executive vice president owned 23,321 shares of the company’s stock, valued at approximately $2,853,324.35. The trade was a 4.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 6,628 shares of company stock valued at $777,128. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BMI. N.E.W. Advisory Services LLC bought a new position in Badger Meter in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its stake in Badger Meter by 76.5% in 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 purchasing an additional 65 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in Badger Meter in the fourth quarter worth approximately $27,000. Caitlin John LLC bought a new position in Badger Meter in the third quarter worth approximately $31,000. Finally, Brown Brothers Harriman & Co. grew its stake in Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 89.01% of the company’s stock.

Badger Meter Price Performance

Shares of NYSE BMI opened at $138.61 on Tuesday. The business’s 50 day moving average is $125.39 and its two-hundred day moving average is $148.76. Badger Meter has a 1-year low of $112.09 and a 1-year high of $249.56. The stock has a market capitalization of $4.05 billion, a P/E ratio of 31.29, a PEG ratio of 2.53 and a beta of 0.68.

Badger Meter (NYSE:BMIGet Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%.The company had revenue of $220.71 million for the quarter. As a group, equities research analysts anticipate that Badger Meter will post 4.51 earnings per share for the current fiscal year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid 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 1.2%. Badger Meter’s dividend payout ratio is currently 36.12%.

Badger Meter News Summary

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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