Badger Meter (NYSE:BMI) Price Target Lowered to $160.00 at JPMorgan Chase & Co.

Badger Meter (NYSE:BMIFree Report) had its target price trimmed by JPMorgan Chase & Co. from $190.00 to $160.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the scientific and technical instruments company’s stock.

Several other brokerages also recently weighed in on BMI. Zacks Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Badger Meter in a research report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $191.00 price target (down from $229.00) on shares of Badger Meter in a research report on Thursday, January 29th. Robert W. Baird raised Badger Meter from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $165.00 to $173.00 in a research report on Monday, March 30th. Finally, Argus downgraded Badger Meter from a “buy” rating to a “hold” rating in a research report on Monday, February 2nd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $180.13.

View Our Latest Stock Report on BMI

Badger Meter Stock Performance

Shares of BMI opened at $115.76 on Friday. The business’s 50-day moving average is $152.42 and its two-hundred day moving average is $167.57. The company has a market capitalization of $3.38 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.47 and a beta of 0.90. Badger Meter has a fifty-two week low of $115.11 and a fifty-two week high of $256.08.

Badger Meter (NYSE:BMIGet Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter. The company had revenue of $220.71 million for the quarter. Badger Meter had a return on equity of 20.71% and a net margin of 15.45%. Analysts forecast that Badger Meter will post 4.65 EPS for the current year.

Badger Meter Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. Badger Meter’s dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In other news, VP Fred J. Begale sold 2,064 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $150.00, for a total transaction of $309,600.00. Following the sale, the vice president directly owned 3,040 shares in the company, valued at $456,000. This trade represents a 40.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kimberly K. Stoll sold 1,634 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $149.01, for a total value of $243,482.34. Following the sale, the vice president owned 3,256 shares in the company, valued at $485,176.56. This trade represents a 33.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,989 shares of company stock valued at $596,002 over the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Badger Meter

A number of institutional investors have recently modified their holdings of the business. Values First Advisors Inc. lifted its stake in Badger Meter by 1.3% in the 1st quarter. Values First Advisors Inc. now owns 7,216 shares of the scientific and technical instruments company’s stock valued at $1,099,000 after buying an additional 91 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Badger Meter by 41.1% in the 4th quarter. Hsbc Holdings PLC now owns 24,934 shares of the scientific and technical instruments company’s stock valued at $4,399,000 after buying an additional 7,259 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Badger Meter by 50.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 212,285 shares of the scientific and technical instruments company’s stock valued at $37,025,000 after buying an additional 71,195 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Badger Meter by 212.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the scientific and technical instruments company’s stock valued at $46,000 after buying an additional 181 shares in the last quarter. Finally, Clearwave Capital LLC purchased a new position in Badger Meter in the 4th quarter valued at about $271,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

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About Badger Meter

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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.

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