Badger Meter Stock Price, News & Analysis (NYSE:BMI)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last year. 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 analysts have issued 12-month price targets for Badger Meter's shares. Their BMI share price targets range from $120.00 to $180.00. On average, they predict the company's stock price to reach $146.67 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 $109.03 on January 1st, 2023. Since then, BMI stock has increased by 36.8% and is now trading at $149.11.
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Badger Meter saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 957,800 shares, a decrease of 5.2% from the October 15th total of 1,010,000 shares. Based on an average trading volume of 159,300 shares, the short-interest ratio is presently 6.0 days.
View Badger Meter's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, January 26th 2024.
View our BMI earnings forecast.

Badger Meter, Inc. (NYSE:BMI) announced its quarterly earnings results on Thursday, October, 19th. The scientific and technical instruments company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.07. The scientific and technical instruments company earned $186.20 million during the quarter, compared to analyst estimates of $179.06 million. Badger Meter had a net margin of 12.78% and a trailing twelve-month return on equity of 18.28%. Badger Meter's revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS.

Badger Meter declared a quarterly dividend on Friday, November 10th. Investors of record on Friday, November 24th will be paid a dividend of $0.27 per share on Wednesday, December 6th. This represents a $1.08 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, November 22nd.
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 0.73%. 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 37.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 32.24% 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's stock split on the morning of Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly created shares were issued 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 number of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (3.49%), JPMorgan Chase & Co. (2.49%), Impax Asset Management Group plc (2.39%), Kayne Anderson Rudnick Investment Management LLC (2.14%), Bank of New York Mellon Corp (1.24%) and Morgan Stanley (1.22%). 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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