Fieldview Capital Management LLC Acquires 14,079 Shares of Itron, Inc. $ITRI

Fieldview Capital Management LLC increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 54.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,095 shares of the scientific and technical instruments company’s stock after buying an additional 14,079 shares during the quarter. Fieldview Capital Management LLC’s holdings in Itron were worth $3,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ITRI. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 worth $46,000 after buying an additional 268 shares during the last quarter. M&T Bank Corp lifted its position in shares of Itron by 10.0% during the 2nd quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after buying an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $53,000 after buying an additional 81 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Itron during the 2nd quarter worth $1,609,000. Finally, Cerity Partners LLC raised its position in Itron by 10.2% in the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock valued at $715,000 after purchasing an additional 503 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the sale, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at $9,911,618.86. This represents a 0.37% 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. Insiders sold 3,946 shares of company stock valued at $324,420 over the last 90 days. Company insiders own 1.77% of the company’s stock.

Analyst Upgrades and Downgrades

ITRI has been the subject of several research reports. Raymond James Financial initiated coverage on Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. TD Cowen dropped their target price on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Oppenheimer increased their target price on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Itron Trading Down 0.2%

Shares of ITRI stock opened at $80.56 on Friday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.71 and a beta of 1.33. The stock has a 50-day moving average of $86.02 and a 200-day moving average of $92.55. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00.

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