Tidal Investments LLC Sells 5,804 Shares of Itron, Inc. $ITRI

Tidal Investments LLC lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,956 shares of the scientific and technical instruments company’s stock after selling 5,804 shares during the quarter. Tidal Investments LLC owned approximately 0.40% of Itron worth $15,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital World Investors acquired a new stake in shares of Itron in the 4th quarter valued at $10,460,000. Assenagon Asset Management S.A. increased its position in Itron by 160.4% during the second quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company’s stock worth $29,136,000 after buying an additional 207,416 shares during the last quarter. DNB Asset Management AS bought a new position in Itron during the fourth quarter valued at about $12,191,000. WINTON GROUP Ltd bought a new position in Itron during the fourth quarter valued at about $5,795,000. Finally, Fieldview Capital Management LLC lifted its position in shares of Itron by 54.1% in the fourth quarter. Fieldview Capital Management LLC now owns 40,095 shares of the scientific and technical instruments company’s stock worth $3,723,000 after buying an additional 14,079 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ITRI has been the subject of several recent analyst reports. Robert W. Baird set a $125.00 price target on Itron in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Seaport Research Partners reiterated a “buy” rating and set a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC lifted their price target on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Itron from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Itron presently has an average rating of “Moderate Buy” and an average target price of $131.33.

Itron Stock Down 1.2%

NASDAQ ITRI opened at $93.55 on Friday. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The stock has a market cap of $4.10 billion, a PE ratio of 15.62, a PEG ratio of 1.14 and a beta of 1.33. The firm has a 50-day simple moving average of $94.55 and a 200 day simple moving average of $89.90. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter in the prior year, the firm posted $1.62 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, research analysts forecast that Itron, Inc. will post 6.41 EPS for the current year.

Insider Transactions at Itron

In other Itron news, SVP Justin Patrick sold 10,210 shares of Itron stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total transaction of $994,045.60. Following the sale, the senior vice president owned 22,065 shares in the company, valued at $2,148,248.40. The trade was a 31.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John F. Marcolini sold 331 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $32,699.49. Following the completion of the sale, the senior vice president directly owned 12,683 shares in the company, valued at $1,252,953.57. This trade represents a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 17,903 shares of company stock valued at $1,753,521 in the last ninety days. 1.77% of the stock is owned by company insiders.

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.