Sowell Financial Services LLC Raises Stake in Itron, Inc. $ITRI

Sowell Financial Services LLC lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,816 shares of the scientific and technical instruments company’s stock after purchasing an additional 281 shares during the quarter. Sowell Financial Services LLC’s holdings in Itron were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wayfinding Financial LLC purchased a new position in Itron during the first quarter worth about $45,000. Quarry LP raised its holdings in shares of Itron by 155.6% in the 1st quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock worth $95,000 after purchasing an additional 554 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Itron by 52.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after purchasing an additional 427 shares during the period. Contravisory Investment Management Inc. raised its holdings in shares of Itron by 98.0% in the 1st quarter. Contravisory Investment Management Inc. now owns 1,711 shares of the scientific and technical instruments company’s stock worth $179,000 after purchasing an additional 847 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Itron by 7.3% in 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 purchasing an additional 160 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 970 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 transaction of $121,550.70. Following the sale, the chief financial officer owned 88,394 shares of the company’s stock, valued at $11,076,652.14. The trade was a 1.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the senior vice president directly owned 19,117 shares in the company, valued at $2,395,551.27. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,037 shares of company stock worth $380,566. 1.45% of the stock is owned by company insiders.

Itron Trading Down 0.3%

NASDAQ:ITRI opened at $122.71 on Friday. Itron, Inc. has a 12-month low of $90.11 and a 12-month high of $140.04. The firm has a market capitalization of $5.61 billion, a P/E ratio of 20.98, a P/E/G ratio of 0.68 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 business has a 50 day simple moving average of $125.41 and a 200 day simple moving average of $118.33.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) 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 business had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. During the same quarter in the previous year, the firm posted $1.21 EPS. The business’s revenue for the quarter 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. Equities research analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ITRI. Johnson Rice downgraded Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. Roth Capital raised their target price on Itron from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Guggenheim reiterated a “buy” rating and set a $155.00 target price (up from $133.00) on shares of Itron in a report on Monday, July 14th. Finally, TD Cowen raised their target price on Itron from $139.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 20th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.