Swedbank AB Has $4.42 Million Holdings in Itron, Inc. $ITRI

Swedbank AB lessened its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 18.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 47,600 shares of the scientific and technical instruments company’s stock after selling 10,500 shares during the quarter. Swedbank AB’s holdings in Itron were worth $4,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 268 shares in the last quarter. M&T Bank Corp lifted its stake in Itron by 10.0% in the 2nd quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock valued at $282,000 after purchasing an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 81 shares during the last quarter. Jump Financial LLC bought a new position in shares of Itron during the second quarter valued at $1,609,000. Finally, Cerity Partners LLC raised its stake in shares of Itron by 10.2% during the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock valued at $715,000 after acquiring an additional 503 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling

In other news, CFO Joan S. Hooper sold 355 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $79.60, for a total value of $28,258.00. Following the sale, the chief financial officer owned 117,920 shares of the company’s stock, valued at $9,386,432. The trade was a 0.30% 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. Insiders have sold a total of 5,444 shares of company stock valued at $491,574 over the last 90 days. Insiders own 1.77% of the company’s stock.

Itron Stock Performance

Shares of ITRI stock opened at $84.44 on Wednesday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 0.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The firm’s 50-day simple moving average is $88.19 and its two-hundred day simple moving average is $94.11.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on ITRI. Oppenheimer raised their price target on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Raymond James Financial started coverage on shares of Itron in a report on Tuesday, April 21st. They issued an “underperform” rating for the company. TD Cowen reduced their price target on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Needham & Company LLC started coverage on shares of Itron in a report on Friday, March 6th. They set a “buy” rating and a $124.00 price objective for the company. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.22.

Itron 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.