Perpetual Ltd Trims Stock Holdings in Itron, Inc. $ITRI

Perpetual Ltd lowered its holdings in Itron, Inc. (NASDAQ:ITRI) by 61.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,468 shares of the scientific and technical instruments company’s stock after selling 21,419 shares during the period. Perpetual Ltd’s holdings in Itron were worth $1,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Itron in the 2nd quarter valued at approximately $30,000. Bessemer Group Inc. boosted its holdings in shares of Itron by 125.7% in the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 142 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Itron by 343.6% in the second 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 raised its stake 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 period. Finally, REAP Financial Group LLC lifted its holdings in Itron by 168.4% during 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 in the last quarter. 96.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $118.00 target price (down previously from $137.00) on shares of Itron in a report on Friday, October 31st. Stephens upgraded 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 report on Monday, November 3rd. Wall Street Zen raised shares of Itron from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Itron in a report on Monday, December 15th. Finally, Oppenheimer set a $145.00 price target on shares of Itron and gave the company an “outperform” rating in a report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Insiders Place Their Bets

In other news, CFO Joan S. Hooper sold 948 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was 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 in the company, valued at approximately $8,439,413.46. This represents a 1.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John F. Marcolini sold 553 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 $53,370.03. Following the transaction, the senior vice president owned 13,843 shares in the company, valued at $1,335,987.93. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,971 shares of company stock valued at $286,731 over the last quarter. Insiders own 1.45% of the company’s stock.

Itron Stock Up 1.8%

ITRI stock opened at $96.24 on Friday. The company’s 50 day moving average is $108.08 and its 200 day moving average is $120.23. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 0.47 and a beta of 1.52. The company has a current ratio of 2.17, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $142.00.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 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 analysts’ expectations of $578.49 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Sell-side analysts predict that Itron, Inc. will post 5.33 EPS for the current fiscal year.

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.