TRMB - Badger Meter: Smart Water Play At A Premium Price

2024-06-07 07:58:51 ET

Summary

• Badger Meter is a premier water solutions provider, offering smart water offerings and digital technology for flow measurement and water quality inspection.
• The company has experienced solid growth, doubling its sales over the past decade while increasing operating margins.
• Despite its strong performance, the stock is currently trading at too demanding a valuation, making it not an ideal time to invest.

Shares of Badger Meter ( BMI ) have continued to do what they do best, rising in a steady fashion, as the premium water solutions business has long commanded a premium valuation, and rightfully so. That said, with the passage of time, this premium has gotten a bit higher, which makes that while I greatly appreciate the business and management, the same does not apply for the stock (at current levels)....

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