Itron, Inc. $ITRI Stock Holdings Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in Itron, Inc. (NASDAQ:ITRI) by 52.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240 shares of the scientific and technical instruments company’s stock after acquiring an additional 427 shares during the period. Farther Finance Advisors LLC’s holdings in Itron were worth $163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its stake in Itron by 2.7% in the first quarter. Invesco Ltd. now owns 2,310,769 shares of the scientific and technical instruments company’s stock valued at $242,076,000 after acquiring an additional 59,962 shares during the last quarter. Amundi increased its position in Itron by 18.4% during the first quarter. Amundi now owns 929,407 shares of the scientific and technical instruments company’s stock worth $97,313,000 after acquiring an additional 144,361 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Itron by 129.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 732,274 shares of the scientific and technical instruments company’s stock valued at $76,713,000 after buying an additional 413,487 shares during the period. Wellington Management Group LLP increased its holdings in Itron by 15.2% in the 1st quarter. Wellington Management Group LLP now owns 384,152 shares of the scientific and technical instruments company’s stock valued at $40,244,000 after buying an additional 50,789 shares during the period. Finally, Robeco Schweiz AG grew its holdings in shares of Itron by 1.6% in the 1st quarter. Robeco Schweiz AG now owns 296,545 shares of the scientific and technical instruments company’s stock worth $31,066,000 after purchasing an additional 4,545 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Performance

NASDAQ:ITRI opened at $123.59 on Friday. The stock has a market cap of $5.65 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 0.67 and a beta of 1.48. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average is $124.24 and its 200-day moving average is $119.00. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $140.04.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $610.36 million. During the same period in the previous year, the business posted $1.21 earnings per share. 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. Equities research analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current year.

Insiders Place Their Bets

In other Itron news, SVP Justin K. Patrick sold 388 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $48,620.28. Following the transaction, the senior vice president directly owned 20,761 shares in the company, valued at approximately $2,601,560.91. This represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joan S. Hooper sold 970 shares of the company’s stock in a transaction that occurred on 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 directly owned 88,394 shares in the company, valued at $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. Insiders sold a total of 3,037 shares of company stock valued at $380,566 over the last three months. Insiders own 1.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Stephens set a $130.00 price objective on shares of Itron in a report on Monday, August 4th. Guggenheim reiterated a “buy” rating and issued a $155.00 price objective (up from $133.00) on shares of Itron in a report on Monday, July 14th. Johnson Rice cut shares of Itron from a “buy” rating to an “accumulate” rating in a research note on Friday, August 1st. Roth Capital lifted their price objective on shares of Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Finally, TD Cowen lifted their price objective on shares of Itron from $139.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.10.

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.