Jupiter Topco LLC bought a new stake in shares of Itron, Inc. (NASDAQ:ITRI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 490,765 shares of the scientific and technical instruments company’s stock, valued at approximately $42,466,000. Jupiter Topco LLC owned 1.12% of Itron at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in ITRI. Hsbc Holdings PLC acquired a new stake in Itron during the 2nd quarter worth about $20,755,000. EFG International AG purchased a new position in shares of Itron during the 2nd quarter valued at about $755,000. Expect Equity LLC acquired a new position in shares of Itron in the 2nd quarter valued at about $1,299,000. Legal & General Group Plc acquired a new position in shares of Itron in the 2nd quarter valued at about $29,108,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Itron in the second quarter worth about $251,000. 96.19% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ITRI has been the topic of several analyst reports. Needham & Company LLC raised their target price on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $125.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $150.00 target price on shares of Itron in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.
Insider Activity
In related news, CFO Joan S. Hooper sold 4,406 shares of Itron stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $98.86, for a total value of $435,577.16. Following the sale, the chief financial officer owned 117,113 shares of the company’s stock, valued at approximately $11,577,791.18. This trade represents a 3.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 on Monday, August 24th. The stock was 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 of the company’s stock, valued at approximately $1,252,953.57. The trade was a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $759,475 in the last quarter. Corporate insiders own 1.77% of the company’s stock.
Itron Stock Performance
NASDAQ ITRI opened at $99.27 on Friday. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.30. The stock has a 50-day moving average of $91.99 and a 200 day moving average of $90.03. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00.
Itron (NASDAQ:ITRI – Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.Itron’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $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. Sell-side analysts anticipate that Itron, Inc. will post 6.41 EPS for the current fiscal year.
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.
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