Badger Meter (NYSE:BMI – Get Free Report) had its price target decreased by stock analysts at Royal Bank Of Canada from $169.00 to $162.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the scientific and technical instruments company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 30.22% from the stock’s current price.
Other research analysts have also issued reports about the company. Maxim Group lowered Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Wall Street Zen downgraded Badger Meter from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings lowered Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Robert W. Baird set a $167.00 price objective on Badger Meter in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Badger Meter from $190.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Badger Meter presently has a consensus rating of “Hold” and an average target price of $162.14.
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Badger Meter Stock Performance
Badger Meter (NYSE:BMI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $220.30 million for the quarter, compared to the consensus estimate of $220.59 million. Badger Meter had a net margin of 14.56% and a return on equity of 18.76%. Badger Meter’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, research analysts expect that Badger Meter will post 4.51 earnings per share for the current year.
Hedge Funds Weigh In On Badger Meter
A number of institutional investors have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Badger Meter in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of Badger Meter by 76.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Badger Meter during the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. lifted its stake in shares of Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 71 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Badger Meter in the second quarter worth about $49,000. Institutional investors and hedge funds own 89.01% of the company’s stock.
Key Headlines Impacting Badger Meter
Here are the key news stories impacting Badger Meter this week:
- Positive Sentiment: Badger Meter reported Q2 earnings of $1.02 per share, slightly ahead of the $1.01 consensus estimate, and revenue of $220.3 million that was roughly in line with expectations. Badger Meter Reports Second Quarter 2026 Financial Results
- Neutral Sentiment: Analysts continue to see upside in the stock, with brokerages reportedly setting an average price target around $155.71, above recent trading levels. Brokerages Set Badger Meter, Inc. (NYSE:BMI) PT at $155.71
- Negative Sentiment: Investors reacted to softer operating trends in the quarter: sales fell 7% year over year, operating earnings declined 12%, and margins narrowed, reinforcing concerns about demand and profitability. Badger Meter Reports Second Quarter 2026 Financial Results
- Negative Sentiment: Multiple law firms issued investor alerts on a securities fraud class action tied to the period April 18, 2024 through April 16, 2026, with a lead-plaintiff deadline of August 3, 2026. These headlines can add overhang and highlight allegations that Badger Meter allegedly concealed weakening demand and order trends. BADGER METER, INC. INVESTORS WITH LOSSES HAVE UNTIL AUGUST 3, 2026 TO JOIN SECURITIES CLASS ACTION
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.
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