Stifel Maintains Hold on Badger Meter, Raises Price Target to $192
$BMI
Industrial Machinery/Components
Industrials
Stifel analyst Nathan Jones maintains Badger Meter (NYSE:BMI) with a Hold and raises the price target from $175 to $192.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | $216.00 → $235.00 | Buy | Maxim Group |
| 9/11/2024 | $235.00 | Buy | Seaport Research Partners |
| 4/19/2024 | $190.00 → $207.00 | Buy | Maxim Group |
| 4/18/2024 | Sell → Neutral | Northcoast | |
| 9/29/2023 | $120.00 | Neutral → Sell | Northcoast |
| 6/29/2023 | $142.00 | Hold | Deutsche Bank |
| 7/15/2022 | Neutral | Northcoast | |
| 1/31/2022 | $125.00 | Hold → Buy | Maxim Group |
The Badger Meter, Inc. (NYSE:BMI) Board of Directors today declared a regular quarterly cash dividend of $0.34 per share to shareholders of record on November 22, 2024, payable December 6, 2024. About Badger Meter With more than a century of water technology innovation, Badger Meter is a global provider of industry leading water solutions encompassing flow measurement, quality and other system parameters. These offerings provide our customers with the data and analytics essential to optimize their operations and contribute to the sustainable use and protection of the world's most precious resource. For more information, visit badgermeter.com. View source version on businesswire.com: https
Badger Meter, Inc. (NYSE:BMI) today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total sales of $208.4 million, 12% higher than the prior year's $186.2 million. Operating profit increased 29% year-over-year, with operating profit margins expanding 260 basis points to a record 19.5%. Diluted earnings per share (EPS) increased 23% to $1.08, up from $0.88 in the comparable prior year quarter. Record cash flow with $45.1 million in net cash provided by operations, which increased 43% year-over-year. Increased annual dividend rate by 26% to $1.36 per share, representing the 32nd consecutive year of dividend growth. "We were pleased w
Badger Meter, Inc. (NYSE:BMI) today announced that it will issue its third quarter 2024 earnings release before the market opens on Thursday October 17, 2024. Following the release, Badger Meter will hold its earnings conference call at 10:00am CT. A live listen-only webcast will be accessible the day of the call from the Investor section of the Company's website. Those wishing to actively participate in the conference call can pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=e2388dc6&confId=71869. After registering, instructions will be provided on how to join the call. The webcast will be archived on the Company's website until October 31, 2024. A
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Argus Research analyst John Eade maintains Badger Meter (NYSE:BMI) with a Buy and raises the price target from $204 to $218.
Baird analyst Robert Mason maintains Badger Meter (NYSE:BMI) with a Neutral and raises the price target from $180 to $184.
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Maxim Group reiterated coverage of Badger Meter with a rating of Buy and set a new price target of $235.00 from $216.00 previously
Seaport Research Partners initiated coverage of Badger Meter with a rating of Buy and set a new price target of $235.00
Maxim Group reiterated coverage of Badger Meter with a rating of Buy and set a new price target of $207.00 from $190.00 previously
The Badger Meter, Inc. (NYSE:BMI) Board of Directors today declared a regular quarterly cash dividend of $0.34 per share to shareholders of record on November 22, 2024, payable December 6, 2024. About Badger Meter With more than a century of water technology innovation, Badger Meter is a global provider of industry leading water solutions encompassing flow measurement, quality and other system parameters. These offerings provide our customers with the data and analytics essential to optimize their operations and contribute to the sustainable use and protection of the world's most precious resource. For more information, visit badgermeter.com. View source version on businesswire.com: https
Badger Meter, Inc. (NYSE:BMI) today reported results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Total sales of $208.4 million, 12% higher than the prior year's $186.2 million. Operating profit increased 29% year-over-year, with operating profit margins expanding 260 basis points to a record 19.5%. Diluted earnings per share (EPS) increased 23% to $1.08, up from $0.88 in the comparable prior year quarter. Record cash flow with $45.1 million in net cash provided by operations, which increased 43% year-over-year. Increased annual dividend rate by 26% to $1.36 per share, representing the 32nd consecutive year of dividend growth. "We were pleased w
Badger Meter, Inc. (NYSE:BMI) today announced that it will issue its third quarter 2024 earnings release before the market opens on Thursday October 17, 2024. Following the release, Badger Meter will hold its earnings conference call at 10:00am CT. A live listen-only webcast will be accessible the day of the call from the Investor section of the Company's website. Those wishing to actively participate in the conference call can pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=e2388dc6&confId=71869. After registering, instructions will be provided on how to join the call. The webcast will be archived on the Company's website until October 31, 2024. A
Badger Meter, Inc. (NYSE:BMI) today announced that Xia Liu, Executive Vice President and Chief Financial Officer of WEC Energy Group (NYSE:WEC), has been appointed to its Board of Directors. The appointment of Ms. Liu increases the size of the Board to ten members. Ms. Liu joined WEC Energy Group in her current role in June 2020 having overall responsibility for strategic and long-range financial planning, corporate forecasting and budgeting, investor relations, treasury, accounting, tax, insurance, and risk management functions. Prior to WEC Energy Group, Ms. Liu served as Executive Vice President and Chief Financial Officer of CenterPoint Energy since 2019. Previously, she spent 21 years
Badger Meter, Inc. (NYSE:BMI) today announced that Melanie K. Cook, recently retired Chief Operating Officer of GE Appliances (a Haier Company) has been appointed to its Board of Directors. The appointment of Ms. Cook increases the size of the Board to ten members. During Ms. Cook's nearly 30 years of global experience, she has held business unit leadership roles with full profit and loss responsibility in addition to roles in product lifecycle management, end-to-end supply chain, global sourcing, finance/audit, and acquisitions/dispositions, while delivering organic growth and driving digitization and transformational change. Her experiences cover multiple industries, channels, and functi
Badger Meter, Inc. (NYSE:BMI) today announced that Henry F. Brooks, President – Power & Controls, Collins Aerospace of Raytheon Technologies Corporation (NYSE:RTX) has been appointed to its Board of Directors. The appointment of Mr. Brooks increases the size of the Board to nine members. Mr. Brooks assumed his current role within Collins Aerospace, overseeing a multi-billion dollar revenue division of Raytheon Technologies that includes 35 sites and over 8,000 employees, in 2020. During his 30-year career, which spans roles of increasing responsibility at United Technologies Corporation, Collins Aerospace and Raytheon Technologies, among others, Mr. Brooks gained experience in the aerospac