Swedbank AB Buys 53,600 Shares of Itron, Inc. $ITRI

Swedbank AB raised its stake in Itron, Inc. (NASDAQ:ITRI) by 1,191.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,100 shares of the scientific and technical instruments company’s stock after buying an additional 53,600 shares during the period. Swedbank AB owned about 0.13% of Itron worth $7,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Itron in the 2nd quarter worth about $30,000. Bessemer Group Inc. boosted its stake in shares of Itron by 125.7% in the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Itron by 343.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 268 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 81 shares during the last quarter. Finally, REAP Financial Group LLC raised its position in Itron by 168.4% in the 2nd quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ITRI shares. JPMorgan Chase & Co. upped their price target on shares of Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Itron in a report on Monday, December 22nd. Argus reaffirmed a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Oppenheimer set a $145.00 price objective on Itron and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Itron from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Itron Trading Up 0.6%

NASDAQ ITRI opened at $96.46 on Friday. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17. The stock has a 50 day simple moving average of $104.52 and a two-hundred day simple moving average of $119.35. The stock has a market cap of $4.42 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.52.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.06. Itron had a return on equity of 17.82% and a net margin of 10.69%.The firm had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $578.49 million. During the same period in the previous year, the firm earned $1.84 earnings per share. The business’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 and its Q4 2025 guidance at 2.150-2.250 EPS. On average, analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Joan S. Hooper sold 948 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the transaction, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at $8,439,413.46. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John F. Marcolini sold 553 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $53,370.03. Following the completion of the sale, the senior vice president owned 13,843 shares of the company’s stock, valued at $1,335,987.93. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,971 shares of company stock worth $286,731. Company insiders own 1.45% of the company’s stock.

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.