JPMorgan Chase & Co. Cuts Badger Meter (NYSE:BMI) Price Target to $170.00

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

Several other equities analysts also recently commented on BMI. Maxim Group downgraded Badger Meter from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Barclays reduced their price objective on shares of Badger Meter from $110.00 to $109.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. Seaport Research Partners set a $160.00 price objective on shares of Badger Meter in a report on Thursday. Royal Bank Of Canada decreased their price objective on shares of Badger Meter from $169.00 to $162.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Robert W. Baird set a $167.00 target price on shares of Badger Meter and gave the company an “outperform” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Badger Meter presently has an average rating of “Hold” and a consensus price target of $163.57.

Badger Meter Stock Performance

BMI opened at $126.57 on Thursday. The company has a market cap of $3.69 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.64. The stock has a 50-day moving average of $134.43 and a 200-day moving average of $143.98. Badger Meter has a 52-week low of $112.09 and a 52-week high of $204.00.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Wednesday, July 22nd. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. Badger Meter had a return on equity of 18.03% and a net margin of 14.27%.The business had revenue of $220.30 million for the quarter, compared to the consensus estimate of $220.59 million. During the same period last year, the business earned $1.17 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, research analysts predict that Badger Meter will post 4.44 earnings per share for the current year.

Institutional Trading of Badger Meter

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BMI. N.E.W. Advisory Services LLC bought a new position in Badger Meter in the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Badger Meter by 76.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 150 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of Badger Meter in the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. boosted its position in shares of Badger Meter by 62.3% in the third quarter. Brown Brothers Harriman & Co. now owns 185 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Badger Meter in the second quarter worth $49,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Key Headlines Impacting Badger Meter

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.