Badger Meter (NYSE:BMI) Price Target Cut to $145.00 by Analysts at Robert W. Baird
by Teresa Graham · The Cerbat GemBadger Meter (NYSE:BMI – Get Free Report) had its target price reduced by Robert W. Baird from $173.00 to $145.00 in a report released on Monday, MarketBeat.com reports. The firm presently has an “outperform” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s target price suggests a potential upside of 25.26% from the stock’s previous close.
BMI has been the topic of a number of other research reports. Stifel Nicolaus set a $174.00 target price on Badger Meter and gave the company a “buy” rating in a report on Tuesday, April 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $191.00 target price (down from $229.00) on shares of Badger Meter in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Badger Meter in a research report on Wednesday, January 21st. Jefferies Financial Group reduced their price objective on Badger Meter from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Barclays set a $110.00 price objective on Badger Meter in a research report on Monday. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Badger Meter currently has a consensus rating of “Hold” and an average price target of $173.38.
Read Our Latest Stock Analysis on BMI
Badger Meter Stock Up 0.2%
BMI opened at $115.76 on Monday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90. The stock’s 50 day moving average price is $152.42 and its two-hundred day moving average price is $167.43. Badger Meter has a 12-month low of $115.11 and a 12-month high of $256.08.
Badger Meter (NYSE:BMI – Get Free Report) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 earnings per share (EPS) for the quarter. The firm had revenue of $220.71 million for the quarter. Badger Meter had a return on equity of 18.76% and a net margin of 14.56%. As a group, analysts anticipate that Badger Meter will post 4.65 earnings per share for the current year.
Insider Transactions at Badger Meter
In other news, CEO Kenneth Bockhorst acquired 3,300 shares of Badger Meter stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of $152.42 per share, for a total transaction of $502,986.00. Following the transaction, the chief executive officer owned 40,013 shares of the company’s stock, valued at $6,098,781.46. The trade was a 8.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Wrocklage acquired 1,650 shares of Badger Meter stock in a transaction on Monday, February 9th. The stock was purchased at an average price of $152.35 per share, with a total value of $251,377.50. Following the transaction, the executive vice president directly owned 19,541 shares in the company, valued at approximately $2,977,071.35. This trade represents a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 3,989 shares of company stock worth $596,002 over the last 90 days. Insiders own 1.00% of the company’s stock.
Institutional Trading of Badger Meter
Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in Badger Meter by 13.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 70,488 shares of the scientific and technical instruments company’s stock valued at $12,588,000 after buying an additional 8,387 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in Badger Meter by 67.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 106,927 shares of the scientific and technical instruments company’s stock valued at $19,095,000 after buying an additional 42,891 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Badger Meter by 154.7% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,922 shares of the scientific and technical instruments company’s stock valued at $3,022,000 after buying an additional 10,277 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Badger Meter by 43.7% in the 3rd quarter. Boston Trust Walden Corp now owns 330,039 shares of the scientific and technical instruments company’s stock valued at $58,938,000 after buying an additional 100,298 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in Badger Meter by 85.9% in the 3rd quarter. Alps Advisors Inc. now owns 82,568 shares of the scientific and technical instruments company’s stock valued at $14,745,000 after buying an additional 38,160 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.
About Badger Meter
Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.
The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.