Badger Meter Inc, also known as BMI, is a leading international manufacturer and marketer of products that measure the flow of liquids. Founded in 1905, the company is headquartered in Milwaukee, Wisconsin. Over the years, BMI has earned a stellar reputation by providing solutions necessary for controlling, measuring, and managing the efficient use of water and other fluids.
BMI's primary products include water meters, analytical instruments, and related software that enable utilities and industries to measure, monitor, and conserve valuable resources more effectively. These products allow their customers to not just accurately measure the flow of liquids but also analyze and control them, helping to optimize performance and reduce waste. This is increasingly important today as countries and corporations alike strive to manage resources better in the face of environmental challenges.
Badger Meter Inc is an environmental pioneer, offering sustainable metering solutions in the growing Water Infrastructure and Flow Instrumentation sector. This dedication to sustainability, efficiency, and conservation reflects in their own operations as well, with the company investing in energy and resource-efficient technologies in its facilities.
The company offers its products and services to a wide range of sectors including water utilities, municipalities, commercial, and industrial markets. The industrial segment of the company includes flow instrumentation technologies, sensors, and controlling devices used across different industries like petrochemical, food & beverage, pharmaceuticals, etc.
Badger Meter Inc continues to evolve through a mix of innovation, acquisition, and organic growth. They acquired companies like D-Flow Technology AB and Innovative Metering Solutions (IMS), expanding their solution footprint and expertise.
Over the years, Badger Meter Inc has built up a strong portfolio of intellectual property. They hold numerous patents which testify to their technical prowess and innovative culture. Proactive investment in research and development ensures that Badger Meter Inc stays at the forefront of metering technology.
Underpinned by a strong commitment to quality and customer service, Badger Meter Inc has built a robust reputation in the market. The company is traded under the symbol BMI on the New York Stock Exchange. Most importantly, Badger Meter Inc, through its comprehensive solutions for fluid measurement, continues to play a critical role in conserving our planet's most precious resources. It is a legacy that is underpinned by over a century of commitment and is poised to make an even greater impact in the years to come.
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Badger Meter (NYSE:BMI) is currently under investigation by Bernstein Liebhard LLP for potential fiduciary breaches by its leadership, scrutinizing whether directors and officers met their responsibilities to shareholders. This probe focuses on possible failures in oversight, decision-making, or disclosures that could impact shareholder rights and governance. While the investigation adds scrutiny, the article notes it doesn't inherently change the company's core industry drivers but could lead to board or executive changes or financial penalties.
Badger Meter Inc (BMI) shares recently surged by 4.0%, reaching $132.76, yet the stock is considered significantly undervalued by GuruFocus' GF Value™ with an estimated intrinsic value of $204.66. The company boasts a strong GF Score™ of 78/100, driven by excellent financial strength and profitability, despite weak short-term momentum. Insider activity shows confidence with $1.5 million in net buying over the past year.
Northcoast Research upgraded Badger Meter (NYSE:BMI) from "Neutral" to "Buy" with a $148 price target, indicating a potential 15.55% upside. Despite a "Hold" consensus from analysts, the company slightly beat EPS expectations in its last quarterly report, though revenue declined year-over-year. Insider activity shows a VP recently increased their stake in the company.
The California State Teachers Retirement System significantly increased its stake in Badger Meter, Inc. (NYSE:BMI) by 14,467.6% during the second quarter, now owning 4.98 million shares, which represents about 17.18% of the company. Other institutional investors also adjusted their holdings. Analysts currently maintain an average "Hold" rating for BMI with a price target of $164.00, while the company recently reported earnings slightly above expectations and increased its quarterly dividend.
Tidal Investments LLC reduced its stake in Badger Meter, Inc. by 9.8% in the second quarter, selling 16,095 shares and retaining 147,423 shares valued at approximately $21.9 million. Despite this, institutional investors collectively own 89.01% of the company. Badger Meter shares opened down 2.6% at $124.50, and the company recently raised its quarterly dividend to $0.44 per share, implying a 1.4% annualized yield, while exceeding EPS expectations but seeing a 6.6% year-over-year revenue decline.
Amundi increased its stake in Badger Meter, Inc. (NYSE:BMI) by 28.5% in the second quarter, now owning 590,079 shares valued at approximately $87.6 million. Despite a mixed analyst outlook with an average price target of $164, Badger Meter exceeded EPS expectations, reporting $1.02, and also raised its quarterly dividend to $0.44 per share. Institutional investors collectively hold 89.01% of the company's stock.
Virginia Retirement Systems Et Al has made a new investment of $4.10 million in Badger Meter, Inc. (NYSE:BMI) by purchasing 27,650 shares. This comes as Badger Meter reported slightly better-than-expected earnings per share but a decrease in revenue year-over-year. The company also increased its quarterly dividend, and analysts currently hold a consensus "Hold" rating with a target price of $164.00.
Vulcan Value Partners LLC acquired 68,684 shares of Badger Meter, Inc. (NYSE:BMI) valued at approximately $10.2 million, representing a 0.24% stake in the company. Institutional investors collectively own 89.01% of Badger Meter, with other firms like California State Teachers Retirement System and BlackRock Inc. also making significant purchases. Despite a quarterly revenue decline, Badger Meter reported EPS slightly above estimates and increased its quarterly dividend to $0.44 per share, while analysts maintain a consensus "Hold" rating with a target price of $164.00.
Analysts have issued a "Hold" consensus recommendation for Badger Meter, Inc. (NYSE:BMI), with an average 12-month price target of $164.00 against its current price of $132.14. The company recently reported quarterly earnings that slightly surpassed expectations at $1.02 per share, although revenue saw a 6.6% year-over-year decrease. Badger Meter also announced an increase in its quarterly dividend to $0.44 per share, and a company vice president made a significant stock purchase.