Cwm LLC Has $321,000 Stock Holdings in Itron, Inc. $ITRI

Cwm LLC increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,441 shares of the scientific and technical instruments company’s stock after purchasing an additional 200 shares during the period. Cwm LLC’s holdings in Itron were worth $321,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its position in shares of Itron by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the scientific and technical instruments company’s stock worth $2,804,000 after buying an additional 100 shares during the period. Evergreen Capital Management LLC grew its stake in shares of Itron by 3.7% in the 1st quarter. Evergreen Capital Management LLC now owns 3,586 shares of the scientific and technical instruments company’s stock valued at $376,000 after buying an additional 127 shares during the period. HighTower Advisors LLC increased its position in Itron by 2.0% in the 1st quarter. HighTower Advisors LLC now owns 7,501 shares of the scientific and technical instruments company’s stock valued at $786,000 after buying an additional 146 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Itron by 7.3% in the first 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 in the last quarter. Finally, Fort Sheridan Advisors LLC grew its stake in Itron by 1.8% in the first quarter. Fort Sheridan Advisors LLC now owns 10,988 shares of the scientific and technical instruments company’s stock valued at $1,151,000 after acquiring an additional 190 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Itron

In other news, SVP Justin K. Patrick sold 388 shares of the company’s stock in a transaction 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 owned 20,761 shares of the company’s stock, valued at $2,601,560.91. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joan S. Hooper sold 970 shares of Itron 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 completion of the sale, the chief financial officer directly owned 88,394 shares of the company’s stock, valued at approximately $11,076,652.14. This trade represents a 1.09% decrease in their position. 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. 1.51% of the stock is currently owned by insiders.

Itron Stock Performance

Shares of ITRI stock opened at $135.94 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 2.04. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 0.75 and a beta of 1.48. Itron, Inc. has a 52 week low of $90.11 and a 52 week high of $140.04. The firm’s 50-day simple moving average is $124.88 and its two-hundred day simple moving average is $122.28.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.29. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. During the same quarter last year, the business posted $1.21 EPS. Itron’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. As a group, equities analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ITRI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Itron in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Roth Capital boosted their target price 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. Stephens reiterated an “equal weight” rating and issued a $130.00 target price on shares of Itron in a report on Tuesday, October 7th. Finally, Zacks Research raised shares of Itron from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.10.

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.