112,638 Shares in Itron, Inc. $ITRI Bought by Capital World Investors

Capital World Investors purchased a new position in Itron, Inc. (NASDAQ:ITRI) during the fourth quarter, Holdings Channel reports. The firm purchased 112,638 shares of the scientific and technical instruments company’s stock, valued at approximately $10,460,000.

A number of other hedge funds also recently modified their holdings of ITRI. Northwestern Mutual Wealth Management Co. increased its position in shares of Itron by 343.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares during the period. M&T Bank Corp increased its position in shares of Itron by 10.0% in the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC grew its position in Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares during the last quarter. Jump Financial LLC bought a new position in Itron in the second quarter valued at about $1,609,000. Finally, Cerity Partners LLC grew its position in Itron by 10.2% in the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock valued at $715,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Insider Activity

In other news, SVP Donald L. Reeves III sold 319 shares of Itron stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the sale, the senior vice president directly owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the sale, the chief financial officer directly owned 117,478 shares in the company, valued at $9,911,618.86. The trade was a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ITRI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Robert W. Baird set a $128.00 target price on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Oppenheimer lifted their target price on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

Itron Stock Performance

Shares of ITRI stock opened at $82.34 on Wednesday. The business’s 50-day moving average price is $86.48 and its 200-day moving average price is $92.84. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.72 and a beta of 1.33. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. During the same period last year, the firm posted $1.52 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities research analysts forecast that Itron, Inc. will post 6.01 EPS for the current year.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.