EFG International AG Makes New $755,000 Investment in Itron, Inc. $ITRI

EFG International AG acquired a new stake in Itron, Inc. (NASDAQ:ITRI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,721 shares of the scientific and technical instruments company’s stock, valued at approximately $755,000.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Itron by 343.6% during the second 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 boosted its position in Itron by 10.0% in the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after purchasing an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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 bought a new position in Itron in the 2nd quarter valued at $1,609,000. Finally, Cerity Partners LLC grew its stake 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 valued at $715,000 after purchasing an additional 503 shares during the period. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Shares of ITRI opened at $99.27 on Friday. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The stock’s fifty day moving average price is $91.99 and its two-hundred day moving average price is $90.03. The firm has a market cap of $4.35 billion, a PE ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.30.

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

Insiders Place Their Bets

In other news, CFO Joan S. Hooper sold 4,406 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $98.86, for a total value of $435,577.16. Following the sale, the chief financial officer owned 117,113 shares of the company’s stock, valued at $11,577,791.18. The trade was a 3.63% 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, SVP John F. Marcolini sold 331 shares of the company’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 transaction of $32,699.49. Following the sale, the senior vice president owned 12,683 shares in the company, valued at $1,252,953.57. The trade was a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 7,693 shares of company stock worth $759,475 over the last quarter. 1.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ITRI shares. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Needham & Company LLC increased their price target on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Robert W. Baird set a $125.00 price objective on shares of Itron in a report on Wednesday, July 29th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Itron in a research report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

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.