Flputnam Investment Management Co. Reduces Stock Position in Itron, Inc. $ITRI

Flputnam Investment Management Co. cut its stake in Itron, Inc. (NASDAQ:ITRI) by 95.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,784 shares of the scientific and technical instruments company’s stock after selling 80,705 shares during the quarter. Flputnam Investment Management Co.’s holdings in Itron were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in Itron by 1,588.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,478 shares of the scientific and technical instruments company’s stock valued at $647,000 after purchasing an additional 7,035 shares during the period. Wedbush Securities Inc. grew its position in Itron by 17.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,706 shares of the scientific and technical instruments company’s stock worth $234,000 after purchasing an additional 400 shares during the period. Hsbc Holdings PLC grew its position in Itron by 3.4% in the 2nd quarter. Hsbc Holdings PLC now owns 241,284 shares of the scientific and technical instruments company’s stock worth $20,755,000 after purchasing an additional 7,995 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Itron during the 2nd quarter valued at $48,000. Finally, PenderFund Capital Management Ltd. bought a new position in shares of Itron during the 2nd quarter valued at $35,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Trading Down 0.5%

NASDAQ:ITRI opened at $97.01 on Tuesday. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The business has a fifty day moving average price of $92.63 and a 200-day moving average price of $89.92. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share 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 company had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. During the same period in the previous year, the business earned $1.62 earnings per share. Itron’s quarterly revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts forecast that Itron, Inc. will post 6.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ITRI shares. Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Needham & Company LLC increased their target price on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Seaport Research Partners reissued a “buy” rating and issued a $150.00 target price on shares of Itron in a research report on Wednesday, July 29th. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Itron in a research note on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Insider Transactions at Itron

In other news, SVP Donald L. Reeves III sold 329 shares of Itron stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,501.91. Following the transaction, the senior vice president directly owned 27,945 shares of the company’s stock, valued at $2,760,686.55. The trade was a 1.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 331 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,699.49. Following the transaction, the senior vice president owned 12,683 shares of the company’s stock, valued at approximately $1,252,953.57. This trade represents a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,693 shares of company stock valued at $759,475 over the last quarter. 1.77% of the stock is currently owned by company insiders.

Itron Company 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.