13,423 Shares in Itron, Inc. $ITRI Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new stake in Itron, Inc. (NASDAQ:ITRI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,423 shares of the scientific and technical instruments company’s stock, valued at approximately $1,672,000.

Several other large investors have also modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new position in Itron during the 3rd quarter worth $1,300,000. Robeco Schweiz AG boosted its stake in shares of Itron by 31.2% during the third quarter. Robeco Schweiz AG now owns 372,176 shares of the scientific and technical instruments company’s stock worth $46,358,000 after buying an additional 88,504 shares during the period. Schroder Investment Management Group grew its holdings in shares of Itron by 23.6% during the second quarter. Schroder Investment Management Group now owns 376,087 shares of the scientific and technical instruments company’s stock worth $49,504,000 after buying an additional 71,702 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new position in Itron in the 3rd quarter valued at about $4,673,000. Finally, Envestnet Asset Management Inc. raised its stake in Itron by 34.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 148,317 shares of the scientific and technical instruments company’s stock valued at $18,474,000 after acquiring an additional 37,634 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ITRI has been the topic of several analyst reports. Oppenheimer lifted their target price on Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Johnson Rice raised shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Monday, January 5th. Robert W. Baird set a $128.00 target price on shares of Itron and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, Guggenheim set a $155.00 target price on shares of Itron in a report on Friday, February 13th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Itron currently has an average rating of “Moderate Buy” and an average target price of $138.56.

Insider Buying and Selling

In related news, SVP John F. Marcolini sold 6,948 shares of Itron stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $691,603.92. Following the completion of the transaction, the senior vice president directly owned 26,912 shares of the company’s stock, valued at approximately $2,678,820.48. The trade was a 20.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Joan S. Hooper sold 15,293 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $1,522,265.22. Following the sale, the chief financial officer owned 124,196 shares in the company, valued at approximately $12,362,469.84. The trade was a 10.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,180 shares of company stock valued at $5,085,475 in the last 90 days. 1.45% of the stock is owned by corporate insiders.

Itron Trading Down 1.8%

NASDAQ:ITRI opened at $92.29 on Thursday. Itron, Inc. has a 1 year low of $88.57 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.56 and a current ratio of 1.80. The stock has a fifty day moving average price of $97.68 and a two-hundred day moving average price of $108.33. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.81 and a beta of 1.44.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. During the same period in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Itron Company 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.