Northwestern Mutual Wealth Management Co. Takes Position in Itron, Inc. $ITRI

Northwestern Mutual Wealth Management Co. bought a new position in Itron, Inc. (NASDAQ:ITRI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,478 shares of the scientific and technical instruments company’s stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Employees Retirement System of Texas bought a new stake in Itron in the 3rd quarter worth $32,000. Quantbot Technologies LP purchased a new position in shares of Itron in the second quarter valued at about $36,000. Advisory Services Network LLC bought a new position in shares of Itron during the third quarter valued at about $49,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 81 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Itron during the second quarter worth about $67,000. 96.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ITRI has been the topic of a number of research analyst reports. TD Cowen reduced their price target on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Needham & Company LLC increased their price objective on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Finally, Robert W. Baird set a $125.00 target price on Itron in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.33.

Itron Price Performance

Shares of NASDAQ ITRI opened at $98.86 on Thursday. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The stock has a market capitalization of $4.33 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.18 and a beta of 1.30. The company’s 50-day moving average is $91.62 and its 200 day moving average is $90.06. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.29 by $0.30. The business had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. Itron’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, sell-side analysts expect that Itron, Inc. will post 6.41 earnings per share for the current year.

Insider Activity

In related news, SVP John F. Marcolini sold 331 shares of Itron stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,699.49. Following the sale, the senior vice president directly owned 12,683 shares in the company, valued at $1,252,953.57. The trade was a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 329 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the sale, the senior vice president directly owned 27,945 shares in the company, valued at approximately $2,760,686.55. The trade was a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,693 shares of company stock worth $759,475 in the last quarter. 1.77% of the stock is owned by company insiders.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Analysts remain generally optimistic about ITRI: eight rate the shares Buy, four rate them Hold and one rates them Sell. The consensus price target is $131.33, with recent Buy ratings and target increases from Needham, Seaport Research Partners and Roth Capital supporting the bullish case. Itron analyst ratings
• Positive Sentiment: Institutional ownership is high at 96.19%, and several large investors—including California State Teachers’ Retirement System, Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management—have reported new or expanded positions. This could provide support for the stock.
• Neutral Sentiment: Reported short interest was listed at zero shares, but the accompanying percentage-change data was invalid. As a result, the report provides little insight into bearish positioning or potential short-covering demand.
• Negative Sentiment: Multiple executives sold shares recently, including CFO Joan S. Hooper and several senior vice presidents. Most transactions were explicitly made to cover tax-withholding obligations tied to vested equity awards, and the executives retained substantial holdings, reducing the negative signal. However, the concentration of sales may still weigh on sentiment. Itron SEC insider-sale filing
• Negative Sentiment: Itron’s latest quarterly results were mixed: EPS of $1.59 exceeded the $1.29 consensus estimate, but revenue declined 7.2% year over year to $562.9 million and fell slightly short of expectations. The company maintained 2026 guidance of $6.30–$6.50 in EPS, but the softer revenue trend remains a fundamental risk.

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.