Green Alpha Advisors LLC purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,588 shares of the scientific and technical instruments company’s stock, valued at approximately $484,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Itron by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after acquiring an additional 265,039 shares during the period. Geode Capital Management LLC raised its position in shares of Itron by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock worth $106,340,000 after purchasing an additional 6,598 shares during the period. First Trust Advisors LP raised its position in shares of Itron by 22.2% during the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock worth $86,872,000 after purchasing an additional 176,053 shares during the period. Norges Bank bought a new position in shares of Itron in the 4th quarter worth $63,990,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Itron by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after purchasing an additional 73,020 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the transaction, the senior vice president directly owned 29,100 shares of the company’s stock, valued at $2,455,167. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. This trade represents a 1.29% 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 2,035 shares of company stock valued at $171,731 in the last three months. 1.77% of the stock is currently owned by insiders.
Itron Stock Up 1.6%
Itron (NASDAQ:ITRI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.30. The business had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.Itron’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 earnings per share. 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, sell-side analysts forecast that Itron, Inc. will post 6.4 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Roth Capital reiterated a “buy” rating and set a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. Seaport Research Partners reiterated a “buy” rating and set a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Finally, TD Cowen decreased their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.33.
Get Our Latest Stock Analysis on ITRI
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.
Further Reading
- Five stocks we like better than Itron
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding ITRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Itron, Inc. (NASDAQ:ITRI – Free Report).
Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.
