Itron (NASDAQ:ITRI) Price Target Raised to $145.00 at TD Cowen

Itron (NASDAQ:ITRI) had its price target upped by TD Cowen from $139.00 to $145.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the scientific and technical instruments company’s stock.

Several other analysts also recently commented on ITRI. Piper Sandler dropped their price objective on shares of Itron from $124.00 to $121.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Canaccord Genuity Group boosted their price objective on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Oppenheimer lifted their price target on Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Finally, Guggenheim reaffirmed a “buy” rating and set a $133.00 target price on shares of Itron in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.18.

Itron Trading Up 1.7%

NASDAQ ITRI opened at $127.80 on Friday. The stock has a market cap of $5.83 billion, a P/E ratio of 23.32, a P/E/G ratio of 0.80 and a beta of 1.33. The company has a current ratio of 1.93, a quick ratio of 1.65 and a debt-to-equity ratio of 0.52. Itron has a 12-month low of $90.11 and a 12-month high of $129.83. The company has a fifty day simple moving average of $113.47 and a two-hundred day simple moving average of $108.22.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.22. The company had revenue of $607.15 million during the quarter, compared to analysts’ expectations of $608.86 million. Itron had a return on equity of 19.65% and a net margin of 10.34%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. On average, analysts forecast that Itron will post 5.33 earnings per share for the current year.

Insider Transactions at Itron

In other news, SVP John F. Marcolini sold 3,783 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $116.73, for a total value of $441,589.59. Following the completion of the sale, the senior vice president now directly owns 21,865 shares in the company, valued at $2,552,301.45. This represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Justin K. Patrick sold 9,036 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $121.77, for a total transaction of $1,100,313.72. Following the completion of the transaction, the senior vice president now directly owns 21,149 shares in the company, valued at approximately $2,575,313.73. This represents a 29.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,905 shares of company stock valued at $2,439,202 over the last 90 days. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Several large investors have recently bought and sold shares of ITRI. GeoWealth Management LLC grew its position in shares of Itron by 4,580.0% in the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 229 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Itron during the 1st quarter valued at about $45,000. CoreCap Advisors LLC grew its holdings in shares of Itron by 25.5% in the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 125 shares during the period. Smartleaf Asset Management LLC raised its stake in Itron by 347.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 886 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 688 shares during the period. Finally, Quarry LP boosted its holdings in Itron by 155.6% in the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 96.19% 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.