Itron, Inc. $ITRI Shares Sold by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in Itron, Inc. by 38.4% during the first quarter, now owning 4,500 shares valued at approximately $471,000.
• Multiple institutional investors, including Janney Montgomery Scott LLC and Evergreen Capital Management LLC, have recently adjusted their stakes in Itron, with varying increases in their holdings.
• Analysts have mixed opinions on Itron, with recent ratings ranging from an upgrade by Wall Street Zen to a downgrade by Johnson Rice, highlighting an average price target of $136.55.

Swedbank AB decreased its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,500 shares of the scientific and technical instruments company's stock after selling 2,800 shares during the period. Swedbank AB's holdings in Itron were worth $471,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in shares of Itron by 0.7% in the 1st 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 acquiring an additional 121 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in Itron by 3.7% during the first quarter. Evergreen Capital Management LLC now owns 3,586 shares of the scientific and technical instruments company's stock worth $376,000 after purchasing an additional 127 shares during the period. Captrust Financial Advisors grew its holdings in Itron by 6.3% during the fourth quarter. Captrust Financial Advisors now owns 2,144 shares of the scientific and technical instruments company's stock worth $233,000 after purchasing an additional 128 shares during the period. HighTower Advisors LLC increased its holdings in shares of Itron by 2.0% during the 1st quarter. HighTower Advisors LLC now owns 7,501 shares of the scientific and technical instruments company's stock worth $786,000 after acquiring an additional 146 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Itron by 7.3% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,345 shares of the scientific and technical instruments company's stock worth $246,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 96.19% of the company's stock.

Itron Stock Down 0.4%

Shares of ITRI traded down $0.46 during trading hours on Friday, hitting $120.63. The stock had a trading volume of 2,016,155 shares, compared to its average volume of 605,363. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $140.04. The firm has a market capitalization of $5.52 billion, a P/E ratio of 20.62, 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 current ratio of 2.04 and a quick ratio of 1.75. The firm has a 50 day simple moving average of $126.37 and a 200-day simple moving average of $117.83.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on ITRI shares. JPMorgan Chase & Co. raised Itron from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $128.00 to $145.00 in a report on Thursday, July 31st. Wall Street Zen cut Itron from a "buy" rating to a "hold" rating in a report on Saturday. Roth Capital boosted their price objective on Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Johnson Rice cut Itron from a "buy" rating to an "accumulate" rating in a report on Friday, August 1st. Finally, Stephens set a $130.00 price objective on Itron in a report on Monday, August 4th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.55.

Insider Transactions at Itron

In other Itron news, SVP Justin K. Patrick sold 388 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $48,620.28. Following the sale, the senior vice president owned 20,761 shares of the company's stock, valued at $2,601,560.91. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joan S. Hooper sold 970 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $121,550.70. Following the transaction, the chief financial officer owned 88,394 shares of the company's stock, valued at approximately $11,076,652.14. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,037 shares of company stock valued at $380,566. 1.45% of the stock is currently owned by insiders.

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.