Legal & General Group Plc Buys Shares of 336,392 Itron, Inc. $ITRI

Legal & General Group Plc bought a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the second quarter, HoldingsChannel reports. The fund bought 336,392 shares of the scientific and technical instruments company’s stock, valued at approximately $29,108,000.

Several other institutional investors also recently modified their holdings of ITRI. Dimensional Fund Advisors LP grew its position in Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock worth $137,659,000 after acquiring an additional 265,039 shares during the last quarter. Geode Capital Management LLC raised its position in Itron by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock valued at $106,340,000 after purchasing an additional 6,598 shares during the last quarter. First Trust Advisors LP raised its position in Itron by 22.2% in the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock valued at $86,872,000 after purchasing an additional 176,053 shares during the last quarter. Norges Bank acquired a new stake in shares of Itron during the fourth quarter valued at about $63,990,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Itron by 12.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock valued at $60,359,000 after purchasing an additional 73,020 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Performance

NASDAQ:ITRI opened at $97.53 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The company has a 50 day simple moving average of $92.32 and a two-hundred day simple moving average of $90.08. The company has a market capitalization of $4.27 billion, a PE ratio of 16.28, a P/E/G ratio of 1.19 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

ITRI has been the subject of several recent research reports. Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research note on Wednesday, May 20th. Needham & Company LLC boosted their target price on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Seaport Research Partners restated a “buy” rating and issued a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. Robert W. Baird set a $125.00 price target on shares of Itron in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Insider Transactions at Itron

In other Itron news, CFO Joan S. Hooper sold 4,406 shares of Itron stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $98.86, for a total value of $435,577.16. Following the completion of the sale, the chief financial officer directly owned 117,113 shares in the company, valued at approximately $11,577,791.18. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the transaction, the senior vice president directly owned 27,945 shares in the company, valued at approximately $2,760,686.55. This trade represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 7,693 shares of company stock valued at $759,475. Corporate insiders own 1.77% of the company’s stock.

Itron Company 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.