Royal Bank Of Canada Cuts Badger Meter (NYSE:BMI) Price Target to $162.00

Badger Meter (NYSE:BMI) had its price objective lowered by Royal Bank Of Canada from $169.00 to $162.00 in a report released on Thursday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the scientific and technical instruments company’s stock.

Several other brokerages have also recently issued reports on BMI. Maxim Group cut Badger Meter from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings lowered Badger Meter from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Stifel Nicolaus set a $170.00 target price on Badger Meter and gave the company a “buy” rating in a research note on Monday, July 20th. Zacks Research raised Badger Meter from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Robert W. Baird set a $167.00 price target on shares of Badger Meter and gave the stock an “outperform” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $163.57.

Badger Meter Price Performance

NYSE BMI opened at $126.57 on Thursday. Badger Meter has a 12 month low of $112.09 and a 12 month high of $204.00. The firm has a market capitalization of $3.69 billion, a PE ratio of 29.57, a P/E/G ratio of 2.30 and a beta of 0.64. The company’s 50 day simple moving average is $134.43 and its 200 day simple moving average is $143.98.

Badger Meter (NYSE:BMI) last announced its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 EPS for the quarter, topping the consensus estimate of $1.01 by $0.01. The firm had revenue of $220.30 million for the quarter, compared to analysts’ expectations of $220.59 million. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. Sell-side analysts anticipate that Badger Meter will post 4.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC acquired a new stake in shares of Badger Meter during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Badger Meter by 76.5% in the 4th 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. acquired a new stake in shares of Badger Meter during the fourth quarter worth $27,000. Brown Brothers Harriman & Co. raised its position in shares of Badger Meter by 62.3% during the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Badger Meter during the second quarter valued at $49,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Key Badger Meter News

Here are the key news stories impacting Badger Meter this week:

• Negative Sentiment: Badger Meter’s Q2 2026 results were mixed: earnings per share slightly beat expectations, but revenue came in below consensus and fell 6.6% year over year, while margins also weakened. Investors appeared disappointed by the softer profitability and the company’s cautious near-term outlook. Article Title
• Negative Sentiment: The company is facing a securities class action lawsuit alleging investor harm during the April 18, 2024 to April 16, 2026 period, with multiple law firms urging shareholders to act before the August 3 lead-plaintiff deadline. These notices can add overhang and uncertainty for the stock. Article Title
• Negative Sentiment: Additional legal updates from Rosen, Faruqi, Pomerantz, Schall, Bernstein Liebhard and others reinforce that litigation risk remains a major investor concern for Badger Meter (BMI). Article Title
• Neutral Sentiment: Some analysts remain constructive despite the pullback: JPMorgan and RBC both trimmed price targets but kept bullish ratings, suggesting they still see upside over the longer term. Article Title
• Neutral Sentiment: Optimistic commentary from Seeking Alpha argues the long-term thesis is intact and that project deployments could help restart earnings growth later in 2026, but this has not offset the near-term earnings and legal concerns. Article Title

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.