Itron, Inc. $ITRI Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 233,679 Itron shares during the second quarter, worth approximately $20.2 million and representing about 0.53% of the company. Institutional investors collectively own 96.19% of Itron.
• Itron’s latest quarterly results beat expectations, with EPS of $1.59 versus the $1.29 consensus estimate, although revenue fell 7.2% year over year to $562.9 million. The company guided for fiscal 2026 EPS of $6.30–$6.50.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $131.33, well above the reported share price of $91.52. Recent insider sales were primarily tied to a pre-arranged trading plan and tax-withholding obligations.

Bank of America Corp DE acquired a new position in Itron, Inc. (NASDAQ:ITRI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 233,679 shares of the scientific and technical instruments company's stock, valued at approximately $20,220,000. Bank of America Corp DE owned about 0.53% of Itron at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Impact Partnership Wealth LLC increased its holdings in shares of Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company's stock worth $239,000 after buying an additional 119 shares during the last quarter. Personal CFO Solutions LLC increased its stake in Itron by 8.3% in the first quarter. Personal CFO Solutions LLC now owns 2,727 shares of the scientific and technical instruments company's stock valued at $244,000 after acquiring an additional 208 shares during the last quarter. Swiss National Bank raised its position in Itron by 0.4% during the first quarter. Swiss National Bank now owns 90,600 shares of the scientific and technical instruments company's stock valued at $8,120,000 after purchasing an additional 400 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Itron during the second quarter valued at about $36,000. Finally, American Trust Investment Advisors LLC lifted its stake in Itron by 23.3% during the fourth quarter. American Trust Investment Advisors LLC now owns 2,590 shares of the scientific and technical instruments company's stock worth $241,000 after purchasing an additional 490 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Donald L. Reeves III sold 283 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $99.99, for a total transaction of $28,297.17. Following the completion of the sale, the senior vice president directly owned 27,662 shares in the company, valued at approximately $2,765,923.38. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John Marcolini sold 331 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,699.49. Following the completion of the sale, the senior vice president directly owned 12,683 shares in the company, valued at $1,252,953.57. The trade was a 2.54% 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. Over the last 90 days, insiders sold 17,903 shares of company stock worth $1,753,521. 1.77% of the stock is currently owned by corporate insiders.

Itron Stock Up 0.2%

Shares of NASDAQ:ITRI opened at $91.52 on Friday. The stock has a market capitalization of $4.01 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.33. The stock's 50-day moving average price is $96.01 and its 200-day moving average price is $89.73. 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 12-month low of $77.77 and a 12-month high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last issued its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.30. The company had revenue of $562.90 million during the quarter, compared to analysts' expectations 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 in the prior year, the business posted $1.62 EPS. 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, equities analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ITRI. Needham & Company LLC upped their price objective on Itron from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Zacks Research raised Itron from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 27th. Robert W. Baird set a $125.00 target price on Itron in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Itron in a research note on Wednesday, August 5th. Finally, Seaport Research Partners reaffirmed a "buy" rating and issued a $150.00 target price on shares of Itron in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.33.

Itron Profile

Itron, Inc develops technology and services that help utilities manage electricity, natural gas and water resources. Its solutions are designed to improve the measurement, delivery and use of energy and water while supporting operational efficiency, system reliability and sustainability initiatives.

The company's offerings include smart meters, advanced metering infrastructure, communications networks, meter data management software, analytics and utility-focused cloud services. Itron also provides solutions for distributed energy resources, demand response, grid optimization, public lighting and industrial Internet of Things applications.

Founded in 1977, Itron serves electric, gas and water utilities, municipalities and other organizations in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America.

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