Geode Capital Management LLC Acquires 6,598 Shares of Itron, Inc. $ITRI

Geode Capital Management LLC increased its holdings in Itron, Inc. (NASDAQ:ITRI) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,144,982 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,598 shares during the quarter. Geode Capital Management LLC’s holdings in Itron were worth $106,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Penn Capital Management Company LLC bought a new position in shares of Itron in the 4th quarter worth about $9,576,000. Flputnam Investment Management Co. increased its stake in shares of Itron by 85.1% in the 4th quarter. Flputnam Investment Management Co. now owns 57,383 shares of the scientific and technical instruments company’s stock worth $5,329,000 after acquiring an additional 26,374 shares in the last quarter. Royce & Associates LP increased its stake in shares of Itron by 15.8% in the 4th quarter. Royce & Associates LP now owns 8,068 shares of the scientific and technical instruments company’s stock worth $749,000 after acquiring an additional 1,100 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Itron by 0.3% in the 4th quarter. Legal & General Group Plc now owns 270,729 shares of the scientific and technical instruments company’s stock worth $25,140,000 after acquiring an additional 758 shares in the last quarter. Finally, Guinness Asset Management LTD increased its stake in shares of Itron by 3.6% in the 4th quarter. Guinness Asset Management LTD now owns 93,444 shares of the scientific and technical instruments company’s stock worth $8,887,000 after acquiring an additional 3,216 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Stock Performance

Shares of ITRI stock opened at $80.07 on Friday. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company’s 50-day moving average is $86.67 and its 200 day moving average is $93.06. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.26 by $0.23. The company had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. Itron’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Sell-side analysts expect that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Guggenheim set a $155.00 price objective on shares of Itron in a research report on Friday, February 13th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Robert W. Baird set a $128.00 price objective on shares of Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. cut their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Needham & Company LLC assumed coverage on shares of Itron in a research report on Friday, March 6th. They set a “buy” rating and a $124.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.22.

Insider Activity

In other news, SVP John F. Marcolini sold 322 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the sale, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This trade represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the sale, the senior vice president directly owned 29,100 shares in the company, valued at approximately $2,455,167. The trade was a 1.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,946 shares of company stock valued at $324,420 in the last 90 days. 1.77% of the stock is currently owned by insiders.

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.