Badger Meter (BMI) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last year. There are currently 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.
View BMI analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 12 month target prices for Badger Meter's shares. Their BMI share price forecasts range from $142.00 to $180.00. On average, they anticipate the company's stock price to reach $152.00 in the next twelve months. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for BMI or view top-rated stocks among Wall Street analysts.

Badger Meter's stock was trading at $109.03 on January 1st, 2023. Since then, BMI stock has increased by 40.3% and is now trading at $153.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our BMI earnings forecast.

Badger Meter, Inc. (NYSE:BMI) posted its quarterly earnings results on Thursday, July, 20th. The scientific and technical instruments company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The scientific and technical instruments company had revenue of $175.90 million for the quarter, compared to analysts' expectations of $156.32 million. Badger Meter had a trailing twelve-month return on equity of 17.21% and a net margin of 12.28%. Badger Meter's revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS.

Badger Meter declared a quarterly dividend on Friday, August 11th. Stockholders of record on Friday, August 25th will be given a dividend of $0.27 per share on Friday, September 8th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, August 24th. This is an increase from the stock's previous quarterly dividend of $0.23.
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 (NYSE:BMI) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.71%. 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 41.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 34.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMI.

Shares of Badger Meter split on 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMI."

Badger Meter's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.18%), State Street Corp (5.25%), Impax Asset Management Group plc (3.15%), Dimensional Fund Advisors LP (2.64%), JPMorgan Chase & Co. (2.50%) and Kayne Anderson Rudnick Investment Management LLC (2.22%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BMI stock can currently be purchased for approximately $153.00.

Badger Meter (NYSE:BMI) has a market capitalization of $4.49 billion and generates $565.57 million in revenue each year. The scientific and technical instruments company earns $66.50 million in net income (profit) each year or $2.63 on an earnings per share basis.

The company employs 1,976 workers across the globe.

Badger Meter's mailing address is 4545 WEST BROWN DEER ROAD, MILWAUKEE WI, 53223. The official website for the company is www.badgermeter.com. The scientific and technical instruments company can be reached via phone at (414) 355-0400, via email at investors@badgermeter.com, or via fax at 414-355-7499.