Massachusetts Financial Services Co. MA Makes New Investment in Itron, Inc. $ITRI

Massachusetts Financial Services Co. MA bought a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 139,436 shares of the scientific and technical instruments company’s stock, valued at approximately $12,948,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Itron by 2.3% in the third quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock valued at $731,809,000 after buying an additional 132,329 shares during the period. Impax Asset Management Group plc increased its stake in shares of Itron by 127.3% in the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after buying an additional 890,040 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Itron by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,076,274 shares of the scientific and technical instruments company’s stock valued at $134,058,000 after buying an additional 16,261 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Itron by 6.0% in the third quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock valued at $124,545,000 after buying an additional 56,318 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Itron by 0.6% in the third quarter. First Trust Advisors LP now owns 762,087 shares of the scientific and technical instruments company’s stock valued at $94,926,000 after buying an additional 4,368 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Activity

In related news, CFO Joan S. Hooper sold 15,293 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $1,522,265.22. Following the transaction, the chief financial officer directly owned 124,196 shares in the company, valued at $12,362,469.84. This trade represents a 10.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher E. Ware sold 4,486 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $446,536.44. Following the completion of the transaction, the senior vice president owned 31,806 shares in the company, valued at approximately $3,165,969.24. This represents a 12.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 51,180 shares of company stock worth $5,085,475. Company insiders own 1.77% of the company’s stock.

Itron Price Performance

Itron stock opened at $97.00 on Friday. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.85 and a beta of 1.50. Itron, Inc. has a 52-week low of $83.51 and a 52-week high of $142.00. The stock’s 50 day moving average price is $93.84 and its two-hundred day moving average price is $101.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.56 and a current ratio of 1.80.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.27. The firm had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. Itron had a return on equity of 20.04% and a net margin of 12.72%.The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 EPS. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, equities analysts predict that Itron, Inc. will post 5.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Oppenheimer upped their price objective on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday. Needham & Company LLC assumed coverage on Itron in a research note on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective for the company. Weiss Ratings downgraded Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.10.

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.