Burney Co. Reduces Position in Itron, Inc. $ITRI

Key Points

• Burney Co. cut its stake in Itron by 83.9% in Q4, selling 12,512 shares and leaving 2,399 shares valued at about $223,000.
• Insiders have sold 51,180 shares worth $5,085,475 in the past 90 days while institutional investors now own roughly 96.19% of the company and insiders hold 1.77%.
• Itron beat quarterly EPS estimates ($2.46 vs. $2.19), issued Q1 2026 guidance of 1.20–1.30 EPS and FY2026 guidance of 5.75–6.25 EPS, and carries an average analyst rating of Moderate Buy with a $137.10 target.

Burney Co. lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 83.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,399 shares of the scientific and technical instruments company's stock after selling 12,512 shares during the period. Burney Co.'s holdings in Itron were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ITRI. Employees Retirement System of Texas purchased a new stake in shares of Itron during the third quarter valued at $32,000. Optiver Holding B.V. purchased a new stake in shares of Itron during the third quarter valued at $36,000. Salomon & Ludwin LLC purchased a new stake in shares of Itron during the third quarter valued at $42,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Itron during the third quarter valued at $44,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company's stock valued at $46,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 96.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ITRI. Needham & Company LLC began coverage on shares of Itron in a research note on Friday, March 6th. They set a "buy" rating and a $124.00 target price for the company. Robert W. Baird set a $128.00 target price on shares of Itron and gave the company an "outperform" rating in a research note on Wednesday, February 18th. Johnson Rice upgraded Itron from an "accumulate" rating to a "buy" rating and set a $130.00 price target for the company in a report on Monday, January 5th. Weiss Ratings lowered Itron from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, January 12th. Finally, Wall Street Zen lowered Itron from a "buy" rating to a "hold" rating in a report on Wednesday, January 14th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $137.10.

Insider Activity at Itron

In other Itron news, SVP Christopher E. Ware sold 763 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.17, for a total transaction of $76,429.71. Following the completion of the sale, the senior vice president owned 31,043 shares in the company, valued at $3,109,577.31. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Laurie Ann Pulatie-Hahn sold 729 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $73,023.93. Following the sale, the senior vice president owned 32,950 shares of the company's stock, valued at approximately $3,300,601.50. This represents a 2.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,180 shares of company stock valued at $5,085,475 over the last 90 days. Insiders own 1.77% of the company's stock.

Itron Stock Up 1.2%

NASDAQ:ITRI opened at $97.55 on Thursday. Itron, Inc. has a 1-year low of $83.51 and a 1-year high of $142.00. The company has a 50-day moving average of $93.89 and a 200 day moving average of $101.92. The firm has a market cap of $4.32 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.84 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.19 by $0.27. The company had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. Itron had a net margin of 12.72% and a return on equity of 20.04%. The firm'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 firm earned $1.35 earnings per share. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. As a group, research analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

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.

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