Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. In addition, the company offers ORION Migratable for automatic meter reading; ORION (SE) for traditional fixed network applications; and ORION Cellular for infrastructure-free fixed network meter reading solution, as well as BEACON advanced metering analytics, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. It also serves water utilities, industrial, and other industries. The company sells its products directly, as well as through resellers and representatives. Badger Meter, Inc. was founded in 1905 and is headquartered in Milwaukee, Wisconsin.
IPO Year: 1971
Exchange: NYSE
Website: badgermeter.com
| 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
The Board of Directors of Badger Meter, Inc. (NYSE:BMI) today authorized a 26% increase in its quarterly common stock dividend to $0.34 per share from $0.27 per share. The increased dividend is payable September 6, 2024, to shareholders of record on August 23, 2024. The new annual dividend rate for common stock is $1.36 per share. Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, "Our consistent and disciplined approach to serving customers, executing our business strategy and generating strong cash flow has once again put the Board in a position to raise the dividend. A durable dividend is an important component of our capital allocation framework, and we are
Badger Meter, Inc. (NYSE:BMI) today reported record results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Record total sales of $216.7 million, 23% higher than the prior year's $175.9 million. Operating profit increased 41% year-over-year, with operating profit margins expanding 240 basis points to a record 19.2% from 16.8%. Diluted earnings per share (EPS) increased 47% to $1.12, up from $0.76 in the comparable prior year quarter. Introduced BlueEdge™, the platform brand aimed at simplifying the Badger Meter suite of scalable solutions integrating water technology, software and services for efficient water management. Released 2023 Sustainabili
Badger Meter, Inc. (NYSE:BMI) today announced that it will issue its second quarter 2024 earnings release before the market opens on Friday, July 19, 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=6b9207bf&confId=67844. After registering, instructions will be provided on how to join the call. The webcast will be archived on the Company's website until August 2, 2024. Abou
Badger Meter, Inc. (NYSE:BMI) today announced that it has released its 2023 Sustainability Report highlighting its commitment and progress related to value-enhancing Environmental, Social and Governance ("ESG") efforts. "It is not always the case that a company's growth strategy is also good for the planet. At Badger Meter, sustainability creates our growth opportunities by enabling our customers to be more efficient, resilient and sustainable in their water operations. In 2023, we again demonstrated the link between delivering strong financial and sustainability performance with record sales and earnings alongside lower Greenhouse Gas (GHG) emission and water intensity," said Kenneth C.
The Badger Meter, Inc. (NYSE:BMI) Board of Directors today declared a regular quarterly cash dividend of $0.27 per share to shareholders of record on May 24, 2024, payable June 7, 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 record results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Record total sales of $196.3 million, 23% higher than the prior year's $159.1 million. Operating profit increased 46% year-over-year, with operating profit margins expanding 290 basis points to a record 18.6% from 15.7%. Diluted earnings per share (EPS) increased 50% to $0.99, up from $0.66 in the comparable prior year quarter. Completed the acquisition of the Telog/Unity remote network monitoring offering at the start of the year. "The continued strength in both customer demand and operating execution drove exceptional performance in our fir
Badger Meter, Inc. (NYSE:BMI) today announced that it will issue its first quarter 2024 earnings release before the market opens on Thursday April 18, 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=3351168b&confId=63073. After registering, instructions will be provided on how to join the call. The webcast will be archived on the Company's website until May 2, 2024. About
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
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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.
Stifel analyst Nathan Jones maintains Badger Meter (NYSE:BMI) with a Hold and raises the price target from $175 to $192.
Stifel analyst Nathan Jones maintains Badger Meter (NYSE:BMI) with a Hold and raises the price target from $147 to $175.
Baird analyst Robert Mason maintains Badger Meter (NYSE:BMI) with a Neutral and raises the price target from $151 to $180.
U.S. stocks were lower, with the Nasdaq Composite falling over 50 points on Thursday. Shares of Ally Financial Inc. (NYSE:ALLY) rose sharply during Thursday's session after the company reported better-than-expected quarterly financial results. Ally Financial posted adjusted earnings of 45 cents per share, beating market estimates of 33 cents per share. The company's adjusted sales came in at $1.99 billion versus expectations of $1.96 billion. Ally Financial shares jumped 7.7% to $39.06 on Thursday. Here are some other big stocks recording losses in today's session. Critical Metals Corp. (NASDAQ:CRML) rose 24% to $9.30. Canopy Growth Corporation (NASDAQ:CGC) shares gained 2
Northcoast Research analyst Ryan Connors upgrades Badger Meter (NYSE:BMI) from Sell to Neutral.
Badger Meter, Inc (NYSE:BMI) reported fiscal first-quarter 2024 sales growth of 23% year-on-year to $196.3 million, beating the consensus of $182.3 million. EPS of $0.99 beat the consensus of $0.82. The stock price climbed after the results. Utility water sales increased 29% year over year, reflecting continued customer adoption across its broad and expanding portfolio of smart water solutions, which encompasses its cellular AMI offering, including ORION Cellular endpoints and BEACON Software as a Service (SaaS) revenues, coupled with increased water meter volumes, including E-Series Ultrasonic meters. Sales of flow instrumentation products declined 3% year over year, compared to a
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
The Board of Directors of Badger Meter, Inc. (NYSE:BMI) today authorized a 26% increase in its quarterly common stock dividend to $0.34 per share from $0.27 per share. The increased dividend is payable September 6, 2024, to shareholders of record on August 23, 2024. The new annual dividend rate for common stock is $1.36 per share. Kenneth C. Bockhorst, Chairman, President and Chief Executive Officer, stated, "Our consistent and disciplined approach to serving customers, executing our business strategy and generating strong cash flow has once again put the Board in a position to raise the dividend. A durable dividend is an important component of our capital allocation framework, and we are
Badger Meter, Inc. (NYSE:BMI) today reported record results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Record total sales of $216.7 million, 23% higher than the prior year's $175.9 million. Operating profit increased 41% year-over-year, with operating profit margins expanding 240 basis points to a record 19.2% from 16.8%. Diluted earnings per share (EPS) increased 47% to $1.12, up from $0.76 in the comparable prior year quarter. Introduced BlueEdge™, the platform brand aimed at simplifying the Badger Meter suite of scalable solutions integrating water technology, software and services for efficient water management. Released 2023 Sustainabili
Badger Meter, Inc. (NYSE:BMI) today announced that it will issue its second quarter 2024 earnings release before the market opens on Friday, July 19, 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=6b9207bf&confId=67844. After registering, instructions will be provided on how to join the call. The webcast will be archived on the Company's website until August 2, 2024. Abou
The Badger Meter, Inc. (NYSE:BMI) Board of Directors today declared a regular quarterly cash dividend of $0.27 per share to shareholders of record on May 24, 2024, payable June 7, 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 record results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Record total sales of $196.3 million, 23% higher than the prior year's $159.1 million. Operating profit increased 46% year-over-year, with operating profit margins expanding 290 basis points to a record 18.6% from 15.7%. Diluted earnings per share (EPS) increased 50% to $0.99, up from $0.66 in the comparable prior year quarter. Completed the acquisition of the Telog/Unity remote network monitoring offering at the start of the year. "The continued strength in both customer demand and operating execution drove exceptional performance in our fir
Badger Meter, Inc. (NYSE:BMI) today announced that it will issue its first quarter 2024 earnings release before the market opens on Thursday April 18, 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=3351168b&confId=63073. After registering, instructions will be provided on how to join the call. The webcast will be archived on the Company's website until May 2, 2024. About
The Badger Meter, Inc. (NYSE:BMI) Board of Directors today declared a regular quarterly cash dividend of $0.27 per share to shareholders of record on February 23, 2024, payable March 8, 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
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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
Northcoast upgraded Badger Meter from Sell to Neutral
Northcoast downgraded Badger Meter from Neutral to Sell and set a new price target of $120.00
Deutsche Bank initiated coverage of Badger Meter with a rating of Hold and set a new price target of $142.00
Northcoast initiated coverage of Badger Meter with a rating of Neutral
Maxim Group upgraded Badger Meter from Hold to Buy and set a new price target of $125.00
Morgan Stanley initiated coverage of Badger Meter with a rating of Equal-Weight and set a new price target of $95.00
Morgan Stanley initiated coverage of Badger Meter with a rating of Underweight and set a new price target of $95.00