Badger Meter (BMI) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMI, but not buy additional shares or sell existing shares.
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5 brokers have issued twelve-month price targets for Badger Meter's stock. Their BMI share price targets range from $120.00 to $180.00. On average, they predict the company's stock price to reach $147.50 in the next year. This suggests that the stock has a possible downside of 1.6%.
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Badger Meter's stock was trading at $154.37 on January 1st, 2024. Since then, BMI shares have decreased by 2.9% and is now trading at $149.88.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our BMI earnings forecast.

Badger Meter, Inc. (NYSE:BMI) announced its earnings results on Friday, January, 26th. The scientific and technical instruments company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.02. The scientific and technical instruments company had revenue of $182.40 million for the quarter, compared to analyst estimates of $182.24 million. Badger Meter had a trailing twelve-month return on equity of 19.07% and a net margin of 13.16%. Badger Meter's revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS.

Badger Meter announced a quarterly dividend on Friday, February 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.27 per share on Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a yield of 0.72%.
Read our dividend analysis for BMI.

Badger Meter (NYSE:BMI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.72%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 28.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMI.

ETFs with the largest weight of Badger Meter (NYSE:BMI) stock in their portfolio include iShares MSCI Water Management Multisector ETF (IWTR), Invesco S&P SmallCap Information Technology ETF (PSCT), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Global X Internet of Things Thematic ETF (SNSR), Global X Clean Water ETF (AQWA), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco S&P Global Water Index ETF (CGW) and First Trust Water ETF (FIW).

Badger Meter shares split on the morning of Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly issued shares were distributed to shareholders after the closing bell on Thursday, September 15th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

21 employees have rated Badger Meter Chief Executive Officer Ken Bockhorst on Glassdoor.com. Ken Bockhorst has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Badger Meter investors own include A. O. Smith (AOS), Cisco Systems (CSCO), General Mills (GIS), Intel (INTC), Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK), Aflac (AFL), CVS Health (CVS), Ecolab (ECL) and Philip Morris International (PM).

Badger Meter's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.37%), Impax Asset Management Group plc (2.32%), Norges Bank (1.05%), Charles Schwab Investment Management Inc. (0.98%), Boston Trust Walden Corp (0.86%) and Victory Capital Management Inc. (0.85%). Insiders that own company stock include Fred J Begale, Gail A Lione, Gregory M Gomez, Kimberly K Stoll, Todd A Adams and William R A Bergum.
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Shares of BMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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