Strs Ohio Acquires Shares of 4,100 Itron, Inc. $ITRI

Strs Ohio acquired a new stake in Itron, Inc. (NASDAQ:ITRI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,100 shares of the scientific and technical instruments company's stock, valued at approximately $430,000.

Several other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in Itron by 0.7% in the first quarter. Janney Montgomery Scott LLC now owns 16,795 shares of the scientific and technical instruments company's stock valued at $1,759,000 after purchasing an additional 121 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Itron by 3.7% in the first quarter. Evergreen Capital Management LLC now owns 3,586 shares of the scientific and technical instruments company's stock valued at $376,000 after acquiring an additional 127 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Itron by 2.0% in the first quarter. HighTower Advisors LLC now owns 7,501 shares of the scientific and technical instruments company's stock valued at $786,000 after acquiring an additional 146 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Itron by 7.3% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,345 shares of the scientific and technical instruments company's stock valued at $246,000 after acquiring an additional 160 shares in the last quarter. Finally, Merit Financial Group LLC lifted its position in shares of Itron by 6.7% in the first quarter. Merit Financial Group LLC now owns 2,962 shares of the scientific and technical instruments company's stock valued at $310,000 after acquiring an additional 187 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Itron news, SVP Donald L. Reeves III sold 547 shares of Itron stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $68,544.57. Following the sale, the senior vice president owned 19,604 shares in the company, valued at $2,456,577.24. The trade was a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher E. Ware sold 351 shares of Itron stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $43,983.81. Following the completion of the sale, the senior vice president owned 19,117 shares in the company, valued at $2,395,551.27. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,037 shares of company stock valued at $380,566. 1.51% of the stock is currently owned by company insiders.

Itron Stock Performance

NASDAQ ITRI opened at $125.07 on Tuesday. The stock's fifty day moving average is $126.17 and its two-hundred day moving average is $118.12. The firm has a market capitalization of $5.72 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $140.04.

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

Wall Street Analysts Forecast Growth

ITRI has been the topic of several research reports. TD Cowen raised their target price on Itron from $139.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Guggenheim restated a "buy" rating and issued a $155.00 target price (up previously from $133.00) on shares of Itron in a research report on Monday, July 14th. Roth Capital raised their target price on Itron from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded Itron from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. upgraded Itron from a "neutral" rating to an "overweight" rating and raised their target price for the company from $128.00 to $145.00 in a research report on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Itron currently has an average rating of "Moderate Buy" and an average target price of $136.55.

Itron Profile

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.

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