Fieldview Capital Management LLC Sells 11,921 Shares of Itron, Inc. $ITRI

Fieldview Capital Management LLC lowered its position in shares of Itron, Inc. (NASDAQ:ITRI) by 31.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,016 shares of the scientific and technical instruments company’s stock after selling 11,921 shares during the period. Fieldview Capital Management LLC owned about 0.06% of Itron worth $3,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank raised its position in Itron by 1.6% in the third quarter. Swiss National Bank now owns 88,400 shares of the scientific and technical instruments company’s stock valued at $11,011,000 after purchasing an additional 1,400 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Itron by 11.6% during the third quarter. Russell Investments Group Ltd. now owns 40,414 shares of the scientific and technical instruments company’s stock worth $5,034,000 after purchasing an additional 4,193 shares during the last quarter. DLD Asset Management LP grew its holdings in shares of Itron by 49.9% during the third quarter. DLD Asset Management LP now owns 63,400 shares of the scientific and technical instruments company’s stock worth $7,897,000 after purchasing an additional 21,100 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Itron by 81.7% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 138,100 shares of the scientific and technical instruments company’s stock valued at $17,202,000 after buying an additional 62,100 shares during the period. Finally, First Trust Advisors LP raised its holdings in Itron by 0.6% in the 3rd quarter. First Trust Advisors LP now owns 762,087 shares of the scientific and technical instruments company’s stock valued at $94,926,000 after buying an additional 4,368 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Performance

Shares of ITRI opened at $91.25 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.10 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The firm’s fifty day simple moving average is $97.48 and its two-hundred day simple moving average is $107.72. Itron, Inc. has a 12 month low of $88.57 and a 12 month high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The firm had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. During the same period last year, the company posted $1.35 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. As a group, analysts predict that Itron, Inc. will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

ITRI has been the topic of several recent research reports. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Oppenheimer raised their price target on shares of Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings lowered shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.10.

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 763 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $76,429.71. Following the transaction, the senior vice president directly owned 31,043 shares of the company’s stock, valued at approximately $3,109,577.31. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Laurie Ann Pulatie-Hahn sold 729 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $73,023.93. Following the transaction, the senior vice president owned 32,950 shares in the company, valued at $3,300,601.50. The trade was a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,180 shares of company stock valued at $5,085,475 in the last 90 days. Company insiders own 1.51% of the company’s stock.

Itron Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.