Swedbank AB Sells 10,500 Shares of Itron, Inc. $ITRI

Swedbank AB lessened its stake in Itron, Inc. (NASDAQ:ITRI) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,600 shares of the scientific and technical instruments company’s stock after selling 10,500 shares during the period. Swedbank AB owned about 0.10% of Itron worth $4,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITRI. Northwestern Mutual Wealth Management Co. lifted its stake in 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 worth $46,000 after purchasing an additional 268 shares during the period. M&T Bank Corp increased its holdings in shares of 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 valued at $282,000 after purchasing an additional 194 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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 valued at $53,000 after purchasing an additional 81 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Itron in the second quarter valued at approximately $1,609,000. Finally, Cerity Partners LLC increased its holdings in shares of Itron by 10.2% in 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 purchasing an additional 503 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Insider Buying and Selling

In related news, CFO Joan S. Hooper sold 3,533 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $95.92, for a total value of $338,885.36. Following the transaction, the chief financial officer owned 118,275 shares in the company, valued at approximately $11,344,938. This represents a 2.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 5,444 shares of company stock valued at $491,574. 1.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ITRI shares. Raymond James Financial initiated coverage on shares of Itron in a report on Tuesday, April 21st. They issued an “underperform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Itron in a research report on Wednesday, May 20th. Oppenheimer boosted their price objective on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, Needham & Company LLC initiated coverage on shares of Itron in a research report on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.22.

Itron Stock Up 1.7%

Shares of ITRI stock opened at $84.44 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The firm’s 50-day moving average is $88.19 and its 200-day moving average is $94.11. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.73 and a beta of 1.35. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The company had revenue of $586.98 million for the quarter, compared to analysts’ expectations of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. Itron’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Sell-side analysts predict that Itron, Inc. will post 6.01 EPS for the current year.

About Itron

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.