Inspire Investing LLC Sells 520 Shares of Itron, Inc. $ITRI

Inspire Investing LLC lessened its position in Itron, Inc. (NASDAQ:ITRI) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,637 shares of the scientific and technical instruments company’s stock after selling 520 shares during the quarter. Inspire Investing LLC’s holdings in Itron were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its stake in Itron by 2.0% in the second quarter. Maryland State Retirement & Pension System now owns 13,398 shares of the scientific and technical instruments company’s stock valued at $1,764,000 after acquiring an additional 260 shares during the last quarter. REAP Financial Group LLC increased its stake in Itron by 168.4% in the second quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company’s stock valued at $56,000 after acquiring an additional 266 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Itron by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the scientific and technical instruments company’s stock valued at $2,804,000 after acquiring an additional 100 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in Itron by 8.0% in the second quarter. KLP Kapitalforvaltning AS now owns 9,400 shares of the scientific and technical instruments company’s stock valued at $1,237,000 after acquiring an additional 700 shares during the last quarter. Finally, PGGM Investments increased its stake in Itron by 6.3% in the second quarter. PGGM Investments now owns 362,558 shares of the scientific and technical instruments company’s stock valued at $47,724,000 after acquiring an additional 21,381 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Itron stock opened at $122.20 on Friday. 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 firm has a 50-day moving average of $123.42 and a 200-day moving average of $119.86. The firm has a market cap of $5.59 billion, a P/E ratio of 20.89, a P/E/G ratio of 0.67 and a beta of 1.48. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $140.04.

Itron (NASDAQ:ITRI) last posted its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The company had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. Itron’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. Sell-side analysts expect that Itron, Inc. will post 5.33 EPS for the current year.

Insider Activity at Itron

In other news, SVP Donald L. Reeves III sold 547 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the completion of the sale, the senior vice president directly owned 19,604 shares in the company, valued at approximately $2,456,577.24. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joan S. Hooper sold 970 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $121,550.70. Following the sale, the chief financial officer owned 88,394 shares of the company’s stock, valued at approximately $11,076,652.14. This represents a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,037 shares of company stock valued at $380,566 in the last quarter. 1.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ITRI. Roth Capital increased their target price on Itron from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Itron in a research report on Wednesday. Stephens restated an “equal weight” rating and set a $130.00 price target on shares of Itron in a research report on Tuesday, October 7th. Johnson Rice lowered shares of Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. upgraded shares of Itron from a “neutral” rating to an “overweight” rating and upped their price target for the company from $128.00 to $145.00 in a research report on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and a consensus target price of $137.10.

About Itron

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.