Badger Meter (NYSE:BMI) Price Target Cut to $170.00 by Analysts at JPMorgan Chase & Co.

Badger Meter (NYSE:BMI) had its price objective lowered by JPMorgan Chase & Co. from $172.00 to $170.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the scientific and technical instruments company’s stock.

A number of other research firms have also recently weighed in on BMI. Royal Bank Of Canada cut their price target on Badger Meter from $169.00 to $162.00 and set an “outperform” rating for the company in a report on Thursday. Robert W. Baird set a $167.00 price objective on Badger Meter and gave the company an “outperform” rating in a research note on Thursday. Seaport Research Partners set a $160.00 price objective on Badger Meter in a research note on Thursday. Stifel Nicolaus set a $170.00 price objective on Badger Meter and gave the stock a “buy” rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of Badger Meter from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $163.57.

Badger Meter Price Performance

Shares of BMI opened at $123.29 on Thursday. Badger Meter has a 1-year low of $112.09 and a 1-year high of $204.00. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 2.27 and a beta of 0.64. The firm has a 50 day simple moving average of $134.18 and a 200-day simple moving average of $144.10.

Badger Meter (NYSE:BMI) last posted its earnings results on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The firm had revenue of $220.30 million for the quarter, compared to analyst estimates of $220.59 million. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.Badger Meter’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. On average, equities analysts expect that Badger Meter will post 4.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Badger Meter during the fourth quarter worth $83,819,000. UBS Group AG grew its position in shares of Badger Meter by 89.2% in the fourth quarter. UBS Group AG now owns 712,650 shares of the scientific and technical instruments company’s stock valued at $124,293,000 after purchasing an additional 335,953 shares during the period. Pictet Asset Management Holding SA increased its stake in Badger Meter by 39.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 754,402 shares of the scientific and technical instruments company’s stock valued at $131,592,000 after purchasing an additional 212,448 shares during the last quarter. Amundi increased its stake in Badger Meter by 99.5% in the third quarter. Amundi now owns 401,668 shares of the scientific and technical instruments company’s stock valued at $72,203,000 after purchasing an additional 200,330 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Badger Meter by 54.8% during the first quarter. First Trust Advisors LP now owns 560,356 shares of the scientific and technical instruments company’s stock worth $85,370,000 after buying an additional 198,430 shares during the period. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter News Roundup

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

• Positive Sentiment: JPMorgan Chase kept an overweight rating on Badger Meter and only trimmed its price target slightly to $170 from $172, implying meaningful upside from current levels. JPMorgan price target update
• Positive Sentiment: Royal Bank of Canada also reiterated an outperform rating, though it lowered its target to $162 from $169, suggesting analysts still expect recovery potential. RBC price target update
• Positive Sentiment: Badger Meter’s Q2 results came in slightly ahead of EPS estimates, with $1.02 per share versus the $1.01 consensus. Q2 2026 results
• Neutral Sentiment: Revenue was essentially in line with expectations at $220.3 million, but sales were down 6.6% year over year, and management’s outlook sounded cautious for the back half of the year. Earnings call highlights
• Negative Sentiment: Multiple law firms issued reminders about a securities class action and an August 3 lead-plaintiff deadline, keeping legal overhang front and center for investors. Class action reminder
• Negative Sentiment: The lawsuit alleges Badger Meter and executives concealed weakening demand and order trends, reinforcing concerns that the recent earnings decline may not be temporary. Allegations in lawsuit

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.