Badger Meter, Inc. (NYSE:BMI) Receives $216.00 Average PT from Brokerages

Shares of Badger Meter, Inc. (NYSE:BMI) have received an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings 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 objective among brokers that have updated their coverage on the stock in the last year is $216.00.

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price objective on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Maxim Group lifted their price target on shares of Badger Meter from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus boosted their price target on shares of Badger Meter from $203.00 to $208.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Private Advisor Group LLC grew its position in shares of Badger Meter by 4.5% during 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 acquiring an additional 71 shares during the last quarter. Bridges Investment Management Inc. purchased a new position in Badger Meter during the second quarter worth about $577,000. Geneva Partners LLC acquired a new stake in Badger Meter in the third quarter valued at about $1,120,000. Susquehanna Fundamental Investments LLC lifted its position in Badger Meter by 72.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 19,783 shares of the scientific and technical instruments company’s stock valued at $3,687,000 after purchasing an additional 8,298 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Badger Meter by 29.0% in the 3rd quarter. Stifel Financial Corp now owns 11,971 shares of the scientific and technical instruments company’s stock valued at $2,615,000 after purchasing an additional 2,692 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Badger Meter Stock Down 0.0 %

Badger Meter stock opened at $213.78 on Tuesday. Badger Meter has a 52-week low of $139.50 and a 52-week high of $239.11. The firm has a market cap of $6.29 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79. The company’s 50 day moving average is $218.82 and its two-hundred day moving average is $209.29.

Badger Meter (NYSE:BMI) last released its earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). Badger Meter had a net margin of 14.80% and a return on equity of 21.56%. The company had revenue of $208.44 million during the quarter, compared to analysts’ expectations of $212.08 million. During the same quarter last year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts anticipate that Badger Meter will post 4.19 earnings per share for the current fiscal year.

Badger Meter Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Friday, November 22nd. Badger Meter’s payout ratio is 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.