Badger Meter - BMI Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Badger Meter in the last year. There are currently 1 sell rating and 2 hold ratings 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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3 brokerages have issued twelve-month target prices for Badger Meter's shares. Their BMI share price forecasts range from $80.00 to $93.00. On average, they expect the company's share price to reach $86.50 in the next year. This suggests that the stock has a possible downside of 26.0%.
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Badger Meter's stock was trading at $109.03 on January 1st, 2023. Since then, BMI shares have increased by 7.3% and is now trading at $116.97.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our BMI earnings forecast.

Badger Meter, Inc. (NYSE:BMI) released its earnings results on Friday, January, 27th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The scientific and technical instruments company earned $147.30 million during the quarter, compared to analysts' expectations of $142.90 million. Badger Meter had a net margin of 11.76% and a trailing twelve-month return on equity of 15.73%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS.

Badger Meter announced a quarterly dividend on Friday, February 10th. Shareholders of record on Friday, February 24th will be paid a dividend of $0.225 per share on Friday, March 10th. This represents a $0.90 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 23rd.
Read our dividend analysis for BMI.

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

Badger Meter (NYSE:BMI) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.78%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMI will have a dividend payout ratio of 32.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMI.

Badger Meter shares split before market open on Friday, September 16th 2016. The 2-1 split was announced on Friday, August 12th 2016. The newly created shares were payable 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 a variety of retail and institutional investors. Top institutional shareholders include Impax Asset Management Group plc (3.43%), Dimensional Fund Advisors LP (2.87%), JPMorgan Chase & Co. (2.66%), Geode Capital Management LLC (1.99%), Morgan Stanley (1.23%) and Boston Trust Walden Corp (1.11%). Insiders that own company stock include Fred J Begale, Gail A Lione, Gregory M Gomez, Kimberly K Stoll 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 $116.97.

Badger Meter (NYSE:BMI) has a market capitalization of $3.43 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 $2.27 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.