Badger Meter, Inc. (NYSE:BMI – Get Free Report) announced a quarterly dividend on Friday, April 24th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.40 per share by the scientific and technical instruments company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd.
Badger Meter has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 32 years. Badger Meter has a payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Badger Meter to earn $4.96 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 32.3%.
Badger Meter Price Performance
BMI stock opened at $119.15 on Wednesday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 26.90, a P/E/G ratio of 2.14 and a beta of 0.68. Badger Meter has a fifty-two week low of $112.09 and a fifty-two week high of $256.08. The business has a 50-day moving average of $138.26 and a 200-day moving average of $158.78.
Analyst Upgrades and Downgrades
BMI has been the topic of several analyst reports. Maxim Group cut shares of Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Jefferies Financial Group dropped their target price on Badger Meter from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $167.00 price target on shares of Badger Meter in a research report on Thursday, January 29th. Barclays set a $110.00 price target on Badger Meter and gave the company an “underweight” rating in a research note on Monday, April 20th. Finally, Robert W. Baird dropped their price objective on Badger Meter from $173.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Badger Meter currently has an average rating of “Hold” and a consensus target price of $155.86.
Badger Meter Company Profile
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.
Read More
- Five stocks we like better than Badger Meter
- Strategy Inc. Buys Bitcoin and Eyes a Dividend Amid Market Fear
- Vertical Aerospace: Pre-Flight Checks Point to a Breakout
- Palo Alto Networks Up 70%: Can the Rally Last Into June?
- Block’s Pivot to Profits and AI Is Turning Heads
Receive News & Ratings for Badger Meter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Badger Meter and related companies with MarketBeat.com's FREE daily email newsletter.
