MetLife Investment Management LLC Buys 93,977 Shares of Itron, Inc. $ITRI

Key Points

• MetLife Investment Management LLC increased its stake in Itron, Inc. by 347.2% during Q1, now holding approximately 0.27% of the company valued at $12.68 million.
• Itron reported earnings of $1.62 per share for the last quarter, exceeding expectations, and expects full-year 2025 EPS guidance in the range of 6.000-6.200.
• Analyst ratings for Itron are generally positive, with a majority of 12 analysts rating the stock as "Buy" and a consensus price target of $136.25.

MetLife Investment Management LLC raised its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 347.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,043 shares of the scientific and technical instruments company's stock after purchasing an additional 93,977 shares during the period. MetLife Investment Management LLC owned approximately 0.27% of Itron worth $12,680,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ITRI. Mariner LLC increased its position in shares of Itron by 6.3% during the fourth quarter. Mariner LLC now owns 3,448 shares of the scientific and technical instruments company's stock worth $374,000 after acquiring an additional 204 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Itron in the fourth quarter valued at $229,000. Tower Research Capital LLC TRC lifted its stake in shares of Itron by 2,000.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,986 shares of the scientific and technical instruments company's stock worth $650,000 after buying an additional 5,701 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Itron by 12.1% during the 4th quarter. Voya Investment Management LLC now owns 98,856 shares of the scientific and technical instruments company's stock worth $10,734,000 after buying an additional 10,673 shares during the last quarter. Finally, Hancock Whitney Corp acquired a new stake in shares of Itron during the 4th quarter worth about $220,000. Institutional investors own 96.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ITRI shares. JPMorgan Chase & Co. upgraded shares of Itron from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $128.00 to $145.00 in a research report on Thursday, July 31st. Guggenheim restated a "buy" rating and set a $155.00 target price (up previously from $133.00) on shares of Itron in a research report on Monday, July 14th. Johnson Rice lowered shares of Itron from a "buy" rating to an "accumulate" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Piper Sandler decreased their target price on shares of Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.25.

Itron Price Performance

ITRI stock traded down $0.45 during mid-day trading on Thursday, hitting $123.48. The stock had a trading volume of 619,755 shares, compared to its average volume of 720,673. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $140.04. The firm has a market capitalization of $5.65 billion, a P/E ratio of 21.11, a P/E/G ratio of 0.68 and a beta of 1.35. The firm has a fifty day simple moving average of $130.46 and a 200 day simple moving average of $115.64.

Itron (NASDAQ:ITRI - Get Free Report) last released its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. Itron had a net margin of 11.05% and a return on equity of 19.69%. The firm had revenue of $606.76 million for the quarter, compared to analyst estimates of $610.36 million. During the same period last year, the firm earned $1.21 EPS. The business's quarterly revenue was down .4% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. As a group, research analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 547 shares of Itron stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the sale, the senior vice president directly owned 19,604 shares of the company's stock, valued at approximately $2,456,577.24. The trade was a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John F. Marcolini sold 565 shares of Itron stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $70,800.15. Following the sale, the senior vice president directly owned 14,396 shares in the company, valued at $1,803,962.76. This trade represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,856 shares of company stock worth $1,922,470 in the last ninety days. Insiders own 1.45% of the company's stock.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.