Itron, Inc. $ITRI Shares Purchased by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its stake in Itron by 85.1% in the fourth quarter, ending with 57,383 shares worth about $5.33 million.
• Itron reported better-than-expected Q1 earnings, posting $1.49 EPS versus the $1.26 consensus and revenue of $586.98 million, while also guiding Q2 2026 EPS at $1.25 to $1.35.
• Sentiment is mixed: Itron has landed positive contract and product news, but several executives recently sold shares, and the stock has been trading below its 50-day and 200-day moving averages.

Flputnam Investment Management Co. increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI - Free Report) by 85.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,383 shares of the scientific and technical instruments company's stock after acquiring an additional 26,374 shares during the quarter. Flputnam Investment Management Co. owned about 0.13% of Itron worth $5,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA boosted its position in Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 145 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Itron during the third quarter worth about $32,000. Optiver Holding B.V. acquired a new position in Itron during the third quarter worth about $36,000. Aster Capital Management DIFC Ltd acquired a new position in Itron during the third quarter worth about $44,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Itron by 343.6% in the 2nd 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 last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 Itron digital water meters and use Temetra software to improve leak detection, water conservation, and network efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including the CFO and multiple senior vice presidents, sold small amounts of stock this week. The company said the sales were made to cover tax withholding obligations tied to vested equity awards, which makes the transactions less concerning than open-market selling for investment reasons.
• Neutral Sentiment: The insider activity is still worth watching because Itron insiders have sold shares repeatedly over the past six months, with no reported open-market purchases in that period.
• Negative Sentiment: Despite the positive contract news, the cluster of insider sales may weigh on sentiment and reinforce caution after the stock’s weaker recent trend.

Itron Stock Performance

NASDAQ:ITRI opened at $85.30 on Thursday. The company's 50-day moving average is $88.07 and its two-hundred day moving average is $93.96. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.74 and a beta of 1.35.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. Itron had a net margin of 12.31% and a return on equity of 19.54%. The firm had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. During the same period in the prior year, the business posted $1.52 EPS. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts forecast that Itron, Inc. will post 6.01 EPS for the current year.

Insider Transactions at Itron

In other news, SVP Donald L. Reeves III sold 319 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $26,914.03. Following the transaction, the senior vice president directly owned 29,100 shares in the company, valued at approximately $2,455,167. This represents a 1.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. This represents a 1.29% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 3,653 shares of company stock worth $299,661. 1.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ITRI shares. Needham & Company LLC started coverage on shares of Itron in a report on Friday, March 6th. They issued a "buy" rating and a $124.00 target price on the stock. Raymond James Financial started coverage on shares of Itron in a report on Tuesday, April 21st. They issued an "underperform" rating on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Itron in a report on Friday, May 8th. Zacks Research upgraded shares of Itron from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Finally, Guggenheim set a $155.00 target price on shares of Itron in a report on Friday, February 13th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Itron presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.22.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.