Pinnacle Associates Ltd. Has $29.12 Million Stake in Itron, Inc. $ITRI

Pinnacle Associates Ltd. trimmed its stake in Itron, Inc. (NASDAQ:ITRI) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,806 shares of the scientific and technical instruments company’s stock after selling 10,371 shares during the period. Pinnacle Associates Ltd. owned about 0.51% of Itron worth $29,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ITRI. Twin Peaks Wealth Advisors LLC bought a new position in shares of Itron during the second quarter valued at $30,000. Optiver Holding B.V. bought a new stake in shares of Itron in the 3rd quarter worth about $36,000. Salomon & Ludwin LLC acquired a new stake in shares of Itron during the 3rd quarter worth about $42,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Itron during the 3rd quarter worth about $44,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in 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 valued at $46,000 after purchasing an additional 268 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Guggenheim set a $155.00 target price on Itron in a report on Friday, February 13th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Wall Street Zen cut Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.10.

Itron Price Performance

Shares of ITRI stock opened at $91.25 on Monday. Itron, Inc. has a 1 year low of $88.57 and a 1 year high of $142.00. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $97.48 and its 200-day moving average 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.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. During the same quarter last year, the business posted $1.35 earnings per share. Itron’s revenue for the quarter 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. Sell-side analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Transactions at Itron

In other news, SVP John F. Marcolini sold 6,948 shares of Itron stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $691,603.92. Following the completion of the sale, the senior vice president directly owned 26,912 shares of the company’s stock, valued at approximately $2,678,820.48. This trade represents a 20.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donald L. Reeves III sold 5,419 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $539,407.26. Following the sale, the senior vice president owned 33,140 shares of the company’s stock, valued at approximately $3,298,755.60. The trade was a 14.05% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 51,180 shares of company stock worth $5,085,475. Corporate insiders own 1.51% of the company’s stock.

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.