Itron, Inc. $ITRI Position Boosted by DLD Asset Management LP

DLD Asset Management LP lifted its holdings in Itron, Inc. (NASDAQ:ITRI) by 49.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,400 shares of the scientific and technical instruments company’s stock after purchasing an additional 21,100 shares during the period. Itron comprises 0.0% of DLD Asset Management LP’s holdings, making the stock its 24th biggest holding. DLD Asset Management LP owned about 0.14% of Itron worth $7,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ITRI. Twin Peaks Wealth Advisors LLC bought a new stake in Itron during the second quarter worth approximately $30,000. Optiver Holding B.V. bought a new position in shares of Itron in the third quarter valued at $36,000. Salomon & Ludwin LLC acquired a new stake in shares of Itron during the 3rd quarter valued at $42,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 268 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Itron during the 3rd quarter worth $44,000. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Up 0.0%

NASDAQ:ITRI opened at $91.25 on Monday. The business’s fifty day moving average price is $97.48 and its 200 day moving average price is $107.72. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.79 and a beta of 1.44. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45. Itron, Inc. has a 1-year low of $88.57 and a 1-year high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Itron

In related news, SVP Christopher E. Ware sold 763 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $100.17, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, SVP Donald L. Reeves III sold 519 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $97.84, for a total transaction of $50,778.96. Following the completion of the transaction, the senior vice president owned 29,951 shares in the company, valued at approximately $2,930,405.84. This represents a 1.70% decrease in their position. 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. Corporate insiders own 1.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer boosted their target price on Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Guggenheim set a $155.00 price target on Itron in a research report on Friday, February 13th. Weiss Ratings cut Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wall Street Zen downgraded Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.10.

About Itron

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.