37,519 Shares in Itron, Inc. $ITRI Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG purchased a new stake in Itron, Inc. (NASDAQ:ITRI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 37,519 shares of the scientific and technical instruments company’s stock, valued at approximately $4,673,000. J. Safra Sarasin Holding AG owned approximately 0.08% of Itron as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of ITRI. Twin Peaks Wealth Advisors LLC bought a new position in Itron in the second quarter worth approximately $30,000. Bessemer Group Inc. raised its position in shares of Itron by 125.7% in the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 142 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Itron during the 3rd quarter worth $42,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Itron by 343.6% during the 2nd 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 last quarter. Finally, EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Joan S. Hooper sold 948 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $91,491.48. Following the sale, the chief financial officer owned 87,446 shares in the company, valued at approximately $8,439,413.46. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher E. Ware sold 343 shares of Itron stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $33,102.93. Following the completion of the transaction, the senior vice president owned 18,774 shares of the company’s stock, valued at approximately $1,811,878.74. This represents a 1.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,971 shares of company stock worth $286,731. Corporate insiders own 1.51% of the company’s stock.

Analysts Set New Price Targets

ITRI has been the subject of a number of recent analyst reports. Robert W. Baird reissued a “neutral” rating and issued a $118.00 price objective (down previously from $137.00) on shares of Itron in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Wall Street Zen lowered shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Argus reissued a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Finally, Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target on the stock in a research note on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Itron currently has an average rating of “Moderate Buy” and a consensus target price of $136.10.

Itron Price Performance

NASDAQ:ITRI opened at $99.00 on Wednesday. The firm’s fifty day moving average is $97.03 and its two-hundred day moving average is $114.20. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17. Itron, Inc. has a one year low of $90.11 and a one year high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.06. The business had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $578.49 million. Itron had a return on equity of 17.82% and a net margin of 10.69%.The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Research analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

Itron Profile

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.