42,300 Shares in Itron, Inc. $ITRI Purchased by DLD Asset Management LP

DLD Asset Management LP purchased a new stake in shares of Itron, Inc. (NASDAQ:ITRI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,300 shares of the scientific and technical instruments company’s stock, valued at approximately $5,568,000. DLD Asset Management LP owned approximately 0.09% of Itron as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. boosted its holdings in shares of Itron by 125.7% in the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 142 shares during the last quarter. REAP Financial Group LLC raised its holdings in Itron by 168.4% in the 2nd quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 266 shares during the period. Allworth Financial LP lifted its position in Itron by 63.8% during the second quarter. Allworth Financial LP now owns 696 shares of the scientific and technical instruments company’s stock valued at $92,000 after purchasing an additional 271 shares in the last quarter. Quarry LP grew its holdings in Itron by 155.6% during the first quarter. Quarry LP now owns 910 shares of the scientific and technical instruments company’s stock valued at $95,000 after purchasing an additional 554 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Itron by 20.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,008 shares of the scientific and technical instruments company’s stock worth $133,000 after buying an additional 168 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Price Performance

NASDAQ:ITRI opened at $98.56 on Thursday. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.76 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The business has a 50 day simple moving average of $117.31 and a 200-day simple moving average of $122.31. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $142.00.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.06. The company had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.Itron’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. Equities analysts forecast that Itron, Inc. will post 5.33 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Donald L. Reeves III sold 536 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $51,729.36. Following the sale, the senior vice president directly owned 19,068 shares of the company’s stock, valued at $1,840,252.68. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John F. Marcolini sold 553 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $53,370.03. Following the completion of the sale, the senior vice president directly owned 13,843 shares of the company’s stock, valued at approximately $1,335,987.93. The trade was a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,971 shares of company stock valued at $286,731. 1.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on ITRI shares. Argus restated a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target for the company in a research note on Monday, November 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Baird R W lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Wall Street Zen raised shares of Itron from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.00.

Itron Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.