Baird R W Downgrades Itron (NASDAQ:ITRI) to Hold

Itron (NASDAQ:ITRI) was downgraded by equities researchers at Baird R W from a “strong-buy” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of Itron in a research note on Wednesday, October 8th. Stephens restated an “equal weight” rating and issued a $130.00 target price on shares of Itron in a research report on Tuesday, October 7th. Roth Capital upped their price target on shares of Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Wall Street Zen raised Itron from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Johnson Rice cut Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $139.00.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $100.33 on Friday. Itron has a 1 year low of $90.11 and a 1 year high of $142.00. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. 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 company’s 50 day simple moving average is $124.67 and its 200 day simple moving average is $123.10.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm had revenue of $581.63 million for the quarter, compared to the consensus estimate of $578.49 million. During the same quarter last year, the business posted $1.84 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. As a group, research analysts predict that Itron will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Itron news, SVP John F. Marcolini sold 565 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $70,800.15. Following the sale, the senior vice president owned 14,396 shares of the company’s stock, valued at approximately $1,803,962.76. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Justin K. Patrick sold 388 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 value of $48,620.28. Following the sale, the senior vice president owned 20,761 shares of the company’s stock, valued at approximately $2,601,560.91. The trade was a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,037 shares of company stock worth $380,566. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Itron

A number of hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Itron by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company’s stock worth $658,000 after purchasing an additional 2,201 shares during the period. Principal Financial Group Inc. raised its stake in Itron by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company’s stock worth $28,356,000 after buying an additional 6,700 shares during the period. Wayfinding Financial LLC bought a new position in Itron in the first quarter worth approximately $45,000. Braun Stacey Associates Inc. grew its stake in Itron by 0.4% in the first quarter. Braun Stacey Associates Inc. now owns 217,562 shares of the scientific and technical instruments company’s stock valued at $22,792,000 after acquiring an additional 793 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Itron by 119.7% during the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock valued at $8,073,000 after acquiring an additional 41,984 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Company 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.