Louisiana State Employees Retirement System Takes $1.82 Million Position in Itron, Inc. $ITRI

Louisiana State Employees Retirement System acquired a new position in Itron, Inc. (NASDAQ:ITRI) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 20,300 shares of the scientific and technical instruments company’s stock, valued at approximately $1,819,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $46,000 after acquiring an additional 268 shares during the last quarter. M&T Bank Corp lifted its position in Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock valued at $282,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares during the last quarter. Jump Financial LLC purchased a new stake in Itron in the second quarter worth approximately $1,609,000. Finally, Cerity Partners LLC grew its position in Itron by 10.2% in the 2nd quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after purchasing an additional 503 shares during the period. Institutional investors own 96.19% of the company’s stock.

Insider Buying and Selling at Itron

In other news, SVP John F. Marcolini sold 322 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the transaction, the senior vice president directly owned 24,689 shares in the company, valued at $2,083,010.93. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 319 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the transaction, the senior vice president directly owned 29,100 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 3,946 shares of company stock valued at $324,420 over the last ninety days. 1.77% of the stock is currently owned by company insiders.

Itron Trading Up 3.4%

Shares of NASDAQ:ITRI opened at $86.53 on Wednesday. The stock has a 50 day moving average of $83.21 and a 200 day moving average of $91.18. The company has a market cap of $3.84 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.73 and a beta of 1.33. 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 12-month low of $77.77 and a 12-month 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 business 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%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities research analysts expect that Itron, Inc. will post 6.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Needham & Company LLC initiated coverage on shares of Itron in a research note on Friday, March 6th. They set a “buy” rating and a $124.00 target price for the company. Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Oppenheimer upped their price objective on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Roth Mkm reissued a “buy” rating and issued a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

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.