Allspring Global Investments Holdings LLC Makes New $1.49 Million Investment in Itron, Inc. $ITRI

Allspring Global Investments Holdings LLC acquired a new stake in Itron, Inc. (NASDAQ:ITRI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 16,504 shares of the scientific and technical instruments company’s stock, valued at approximately $1,492,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ITRI. Private Trust Co. NA raised its stake in shares of Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 145 shares during the period. Employees Retirement System of Texas purchased a new stake in Itron in the 3rd quarter worth $32,000. Northwestern Mutual Wealth Management Co. raised its position in Itron by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 101 shares during the period. Advisory Services Network LLC acquired a new position in Itron during the third quarter worth $49,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Itron by 25.3% during the second 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 in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Price Performance

Shares of NASDAQ ITRI opened at $84.22 on Monday. The stock has a market cap of $3.73 billion, a PE ratio of 13.43, a P/E/G ratio of 0.74 and a beta of 1.32. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00. The company has a 50-day moving average of $82.96 and a 200 day moving average of $89.82.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, sell-side analysts predict that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Insider Activity at Itron

In related news, CFO Joan S. Hooper sold 442 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the sale, the chief financial officer owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. The trade was a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ITRI. Raymond James Financial assumed coverage on shares of Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating on the stock. JPMorgan Chase & Co. decreased their price target on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Zacks Research cut Itron from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Finally, Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Itron currently has an average rating of “Hold” and a consensus target price of $131.22.

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.