Badger Meter Announces Executive Leadership Changes to Drive Future Growth
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 21 minutes ago0mins
- Leadership Changes: Badger Meter announced executive changes effective January 1, 2026, promoting internal talent to support the company's market leadership in smart water management, which is expected to further drive innovation and growth.
- Financial Strategy Restructuring: Robert A. Wrocklage will be promoted to Executive Vice President – North America Municipal Utility, overseeing sales, marketing, and operations, aiming to enhance company performance through integrated financial and operational leadership.
- Customer Support Enhancement: Kimberly K. Stoll will be promoted to Vice President – Customer Support, responsible for North American customer care and overall management of SmartCover, which is expected to improve customer satisfaction and market competitiveness.
- Sustained Growth Outlook: Management reaffirmed a five-year outlook of high-single-digit organic revenue growth and a normalized gross margin range of 39-42%, demonstrating confidence in the company's continued growth trajectory.
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Analyst Views on BMI
Wall Street analysts forecast BMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMI is 226.40 USD with a low forecast of 205.00 USD and a high forecast of 243.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 177.440
Low
205.00
Averages
226.40
High
243.00
Current: 177.440
Low
205.00
Averages
226.40
High
243.00
JPMorgan
Overweight
downgrade
$240 -> $235
2025-12-08
New
Reason
JPMorgan
Price Target
$240 -> $235
2025-12-08
New
downgrade
Overweight
Reason
JPMorgan lowered the firm's price target on Badger Meter to $235 from $240 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the clean energy space as part of its 2026 outlook. Within renewables, JPMorgan expects another year of outperformance for the utility-scale market, though it expects a trend towards larger, more complex projects as well as a more complex regulatory environment to lead to consolidation of upstream and downstream providers. The analyst maintains a preference for stocks with significant exposure to U.S.-based manufacturing, diversified end markets, and strong balance sheets.
RBC Capital
Jeffrey Reive
Outperform
downgrade
$264 -> $229
2025-10-22
Reason
RBC Capital
Jeffrey Reive
Price Target
$264 -> $229
2025-10-22
downgrade
Outperform
Reason
RBC Capital analyst Jeffrey Reive lowered the firm's price target on Badger Meter to $229 from $264 but keeps an Outperform rating on the shares. The company reported a modestly better-than-expected Q3 with topline playing out mostly as expected, the analyst tells investors in a research note. Badger Meter's other positives included 8% organic growth, 6% sequential growth at SmartCover, core incrementals of 26%, free cash flow conversion of 136%, and an increased gross margin target to 39%-42%, the firm added, noting that with nothing overly concerning in the results, the decline was more likely due to its elevated short-interest and positioning.
Stifel
Hold
to
Buy
upgrade
$208 -> $215
2025-10-22
Reason
Stifel
Price Target
$208 -> $215
2025-10-22
upgrade
Hold
to
Buy
Reason
Stifel last night upgraded Badger Meter to Buy from Hold with a price target of $215, up from $208. The firm believes the advanced metering infrastructure upgrade cycle is driving secular growth for Badger while the company's non-metering businesses will contribute to further growth. Concerns about declining stimulus funds and cuts to federal funding of water utilities are overblown, "creating negative sentiment which will blow over," the analyst tells investors in a research note.
Stifel
Nathan Jones
Hold
to
Buy
upgrade
$208 -> $215
2025-10-21
Reason
Stifel
Nathan Jones
Price Target
$208 -> $215
2025-10-21
upgrade
Hold
to
Buy
Reason
Stifel analyst Nathan Jones upgraded Badger Meter to Buy from Hold with a price target of $215, up from $208.
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About BMI
Badger Meter, Inc. is a manufacturer and marketer of products incorporating flow measurement, quality, control and other system solutions serving markets worldwide. Its offerings, marketed as BlueEdge, include a suite of tailorable solutions that connect water management technology, software and support services to deliver insights enabling the proactive management of water across the water cycle. Its solutions include measurement and control hardware, connectivity and communication, data visualization and software-delivered actionable insights, and ongoing support to optimize customers' operations. Its measurement and control hardware, instruments and sensors include product families, such as meters that measure the flow of water and other fluids, water quality monitoring solutions and high frequency pressure and acoustic leak detection hardware that provides real-time monitoring data. It offers a range of communication solutions including the ORION branded family of radio endpoints.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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