KLP Kapitalforvaltning AS Buys 700 Shares of Itron, Inc. $ITRI

KLP Kapitalforvaltning AS lifted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,400 shares of the scientific and technical instruments company’s stock after purchasing an additional 700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Itron were worth $1,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Itron during the 1st quarter valued at $45,000. Quarry LP raised its stake in shares of Itron by 155.6% during 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 period. Farther Finance Advisors LLC raised its stake in shares of Itron by 52.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock valued at $163,000 after purchasing an additional 427 shares during the period. ST Germain D J Co. Inc. bought a new stake in shares of Itron during the 2nd quarter valued at $170,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Itron by 233.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,509 shares of the scientific and technical instruments company’s stock valued at $199,000 after purchasing an additional 1,057 shares during the period. 96.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ITRI. Guggenheim reiterated a “buy” rating and set a $155.00 price objective (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Stephens restated an “equal weight” rating and set a $130.00 target price on shares of Itron in a research report on Tuesday, October 7th. Johnson Rice cut Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Itron in a research report on Wednesday, October 8th. Finally, Roth Capital boosted their target price on Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.10.

Insider Activity at Itron

In related news, SVP John F. Marcolini sold 565 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $70,800.15. Following the completion of the sale, the senior vice president directly owned 14,396 shares in the company, valued at $1,803,962.76. This represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Christopher E. Ware sold 351 shares of the stock in a transaction dated 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 owned 19,117 shares of the company’s stock, valued at $2,395,551.27. This represents a 1.80% 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 worth $380,566 over the last three months. Corporate insiders own 1.51% of the company’s stock.

Itron Price Performance

ITRI opened at $130.29 on Wednesday. The stock has a 50-day moving average price of $123.60 and a 200-day moving average price of $120.20. Itron, Inc. has a 12-month low of $90.11 and a 12-month high of $140.04. 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 has a market capitalization of $5.96 billion, a P/E ratio of 22.27, a PEG ratio of 0.70 and a beta of 1.48.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.29. The company had revenue of $606.76 million during the quarter, compared to analysts’ expectations of $610.36 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.Itron’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.21 EPS. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Equities analysts predict that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

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.