Itron, Inc. $ITRI Shares Purchased by Swedbank AB

Swedbank AB raised its stake in Itron, Inc. (NASDAQ:ITRI) by 88.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,800 shares of the scientific and technical instruments company’s stock after purchasing an additional 42,200 shares during the period. Swedbank AB’s holdings in Itron were worth $8,049,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Itron during the 4th quarter worth approximately $63,990,000. Soros Fund Management LLC purchased a new position in shares of Itron in the 4th quarter valued at $34,843,000. Millennium Management LLC grew its position in shares of Itron by 269.3% in the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock valued at $47,068,000 after buying an additional 369,617 shares during the last quarter. Merewether Investment Management LP raised its stake in Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock worth $39,593,000 after acquiring an additional 282,587 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Itron by 65.2% in the fourth quarter. Schroder Investment Management Group now owns 588,872 shares of the scientific and technical instruments company’s stock valued at $54,683,000 after acquiring an additional 232,341 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 322 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares of the company’s stock, valued at $2,455,167. This trade represents a 1.08% decrease in their position. 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. In the last three months, insiders have sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ITRI has been the subject of several research analyst reports. Oppenheimer upped their price objective on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. cut their target price on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Finally, Raymond James Financial began coverage on Itron in a research note on Tuesday, April 21st. They set an “underperform” rating on the stock. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Itron presently has an average rating of “Moderate Buy” and an average price target of $131.22.

Itron Stock Performance

Shares of NASDAQ:ITRI traded up $0.11 during trading on Friday, reaching $85.10. The company had a trading volume of 291,757 shares, compared to its average volume of 623,387. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The stock’s fifty day moving average price is $82.51 and its 200 day moving average price is $90.61. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

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