SFE Investment Counsel raised its position in shares of Itron, Inc. (NASDAQ:ITRI) by 137.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,120 shares of the scientific and technical instruments company’s stock after buying an additional 7,007 shares during the period. SFE Investment Counsel’s holdings in Itron were worth $821,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Itron by 30.0% in the first quarter. Wells Fargo & Company MN now owns 47,204 shares of the scientific and technical instruments company’s stock worth $2,865,000 after buying an additional 10,888 shares during the last quarter. Rockefeller Financial Services Inc. raised its position in shares of Itron by 14.9% in the first quarter. Rockefeller Financial Services Inc. now owns 9,694 shares of the scientific and technical instruments company’s stock worth $588,000 after buying an additional 1,258 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of Itron by 716.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 53,269 shares of the scientific and technical instruments company’s stock worth $3,233,000 after buying an additional 46,743 shares during the last quarter. Breton Hill Capital Ltd. raised its position in shares of Itron by 323.3% in the first quarter. Breton Hill Capital Ltd. now owns 16,403 shares of the scientific and technical instruments company’s stock worth $996,000 after buying an additional 12,528 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Itron by 36.1% in the first quarter. Russell Investments Group Ltd. now owns 45,846 shares of the scientific and technical instruments company’s stock worth $2,782,000 after buying an additional 12,157 shares during the last quarter. 95.25% of the stock is currently owned by institutional investors.

Shares of Itron, Inc. (ITRI) opened at 73.00 on Tuesday. The company’s 50 day moving average price is $71.20 and its 200 day moving average price is $65.75. Itron, Inc. has a 52-week low of $44.00 and a 52-week high of $75.60. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 90.35 and a beta of 1.10.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Itron had a return on equity of 15.43% and a net margin of 1.60%. The company had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. During the same quarter last year, the firm earned $0.65 EPS. Itron’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts forecast that Itron, Inc. will post $3.07 earnings per share for the current year.

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A number of equities analysts have issued reports on the company. Cowen and Company set a $60.00 target price on Itron and gave the company a “hold” rating in a research report on Friday, July 21st. Robert W. Baird lowered Itron from an “outperform” rating to a “neutral” rating and upped their target price for the company from $73.00 to $77.00 in a research report on Wednesday, July 26th. They noted that the move was a valuation call. BidaskClub lowered Itron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 target price (up from $74.00) on shares of Itron in a research report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Itron in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $79.00.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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