Donald Reeves III Sells 536 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 536 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $51,729.36. Following the transaction, the senior vice president directly owned 19,068 shares in the company, valued at $1,840,252.68. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Itron Stock Up 1.6%

Shares of Itron stock opened at $98.56 on Thursday. Itron, Inc. has a 1 year low of $90.11 and a 1 year high of $142.00. The company has a market cap of $4.51 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.76 and a beta of 1.52. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $117.31 and a 200 day moving average price of $122.31.

Itron (NASDAQ:ITRI) last released its 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 analysts’ expectations of $578.49 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Itron

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Itron by 52.5% in the second quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after buying an additional 427 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Itron by 42.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company’s stock valued at $3,277,000 after acquiring an additional 9,461 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Itron by 12.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,073 shares of the scientific and technical instruments company’s stock valued at $3,569,000 after acquiring an additional 3,813 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Itron in the 1st quarter worth approximately $737,000. Finally, Wolverine Asset Management LLC bought a new stake in Itron during the second quarter worth approximately $377,000. 96.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on ITRI shares. Robert W. Baird reiterated a “neutral” rating and issued a $118.00 price objective (down previously from $137.00) on shares of Itron in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Itron in a research note on Tuesday. Wall Street Zen upgraded Itron from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a research note on Monday, November 3rd. Finally, Baird R W lowered Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.00.

Itron Company 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.