Itron (NASDAQ:ITRI) Upgraded to “Buy” at Wall Street Zen

Itron (NASDAQ:ITRI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other analysts have also recently issued research reports about the stock. Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price objective for the company in a research note on Monday, November 3rd. Argus restated a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Zacks Research downgraded Itron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Johnson Rice raised 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. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $118.00 target price (down from $137.00) on shares of Itron in a research note on Friday, October 31st. Nine 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.10.

Itron Trading Up 2.4%

Shares of ITRI stock opened at $96.73 on Tuesday. The stock’s fifty day moving average is $99.72 and its two-hundred day moving average is $118.07. 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 firm has a market capitalization of $4.43 billion, a P/E ratio of 17.40, a PEG ratio of 0.53 and a beta of 1.49. Itron has a fifty-two week low of $90.11 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The business had revenue of $581.63 million during the quarter, compared to analyst estimates of $578.49 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Research analysts expect that Itron will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Itron news, CFO Joan S. Hooper sold 948 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $91,491.48. Following the completion of the sale, the chief financial officer owned 87,446 shares of the company’s stock, valued at $8,439,413.46. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John F. Marcolini sold 553 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $53,370.03. Following the completion of the transaction, the senior vice president directly owned 13,843 shares in the company, valued at approximately $1,335,987.93. This trade represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,971 shares of company stock valued at $286,731 in the last ninety days. Company insiders own 1.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ITRI. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Itron during the second quarter valued at about $30,000. Employees Retirement System of Texas purchased a new position in shares of Itron during the 3rd quarter worth approximately $32,000. Bessemer Group Inc. increased its holdings in 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 during the last quarter. Optiver Holding B.V. acquired a new stake in Itron in the 3rd quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC purchased a new stake in Itron in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 96.19% 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.