Badger Meter (NYSE:BMI) Given New $209.00 Price Target at Stifel Nicolaus

Badger Meter (NYSE:BMI) had its price target lifted by investment analysts at Stifel Nicolaus from $208.00 to $209.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the scientific and technical instruments company’s stock. Stifel Nicolaus’ price target suggests a potential downside of 3.69% from the company’s previous close.

BMI has been the topic of a number of other research reports. Robert W. Baird lifted their target price on Badger Meter from $184.00 to $203.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Maxim Group lifted their price target on shares of Badger Meter from $216.00 to $235.00 and gave the company a “buy” rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Badger Meter has a consensus rating of “Hold” and a consensus target price of $218.75.

Badger Meter Stock Up 0.6 %

BMI stock opened at $217.01 on Monday. The company’s 50-day moving average price is $217.31 and its two-hundred day moving average price is $211.62. The firm has a market cap of $6.38 billion, a P/E ratio of 51.30, a P/E/G ratio of 2.36 and a beta of 0.78. Badger Meter has a 12 month low of $139.50 and a 12 month high of $239.11.

Badger Meter (NYSE:BMI) last announced its quarterly earnings data on Friday, January 31st. The scientific and technical instruments company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. Equities analysts predict that Badger Meter will post 4.76 EPS for the current year.

Institutional Investors Weigh In On Badger Meter

A number of institutional investors have recently added to or reduced their stakes in BMI. Congress Asset Management Co. increased its holdings in Badger Meter by 23.1% during the 4th quarter. Congress Asset Management Co. now owns 363,164 shares of the scientific and technical instruments company’s stock worth $77,034,000 after acquiring an additional 68,137 shares during the period. Perpetual Ltd bought a new position in shares of Badger Meter in the fourth quarter worth $10,462,000. Barclays PLC raised its holdings in shares of Badger Meter by 348.5% in the 3rd quarter. Barclays PLC now owns 55,090 shares of the scientific and technical instruments company’s stock valued at $12,034,000 after acquiring an additional 42,806 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Badger Meter during the 3rd quarter valued at about $5,285,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Badger Meter by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 335,105 shares of the scientific and technical instruments company’s stock worth $71,083,000 after purchasing an additional 23,606 shares in the last quarter. 89.01% of the stock is owned by institutional investors.

About Badger Meter

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. 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, 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.