Itron, Inc. $ITRI Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its stake in Itron, Inc. (NASDAQ:ITRI) by 85.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 57,383 shares of the scientific and technical instruments company’s stock after acquiring an additional 26,374 shares during the quarter. Flputnam Investment Management Co.’s holdings in Itron were worth $5,329,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Royce & Associates LP increased its stake in Itron by 15.8% during the 4th quarter. Royce & Associates LP now owns 8,068 shares of the scientific and technical instruments company’s stock worth $749,000 after buying an additional 1,100 shares during the period. Legal & General Group Plc increased its stake in Itron by 0.3% during the 4th quarter. Legal & General Group Plc now owns 270,729 shares of the scientific and technical instruments company’s stock worth $25,140,000 after buying an additional 758 shares during the period. Guinness Asset Management LTD increased its stake in Itron by 3.6% during the 4th quarter. Guinness Asset Management LTD now owns 93,444 shares of the scientific and technical instruments company’s stock worth $8,887,000 after buying an additional 3,216 shares during the period. Legato Capital Management LLC purchased a new stake in Itron during the 4th quarter worth approximately $469,000. Finally, Kingdom Financial Group LLC. purchased a new stake in Itron during the 4th quarter worth approximately $267,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In other Itron news, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $26,914.03. Following the sale, the senior vice president directly owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. This represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $37,291.54. Following the completion of the sale, the chief financial officer directly owned 117,478 shares in the company, valued at approximately $9,911,618.86. This represents a 0.37% 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. In the last three months, insiders have sold 3,653 shares of company stock valued at $299,661. Insiders own 1.77% of the company’s stock.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 Itron digital water meters and use Temetra software to improve leak detection, water conservation, and network efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including the CFO and multiple senior vice presidents, sold small amounts of stock this week. The company said the sales were made to cover tax withholding obligations tied to vested equity awards, which makes the transactions less concerning than open-market selling for investment reasons.
• Neutral Sentiment: The insider activity is still worth watching because Itron insiders have sold shares repeatedly over the past six months, with no reported open-market purchases in that period.
• Negative Sentiment: Despite the positive contract news, the cluster of insider sales may weigh on sentiment and reinforce caution after the stock’s weaker recent trend.

Itron Trading Up 1.0%

Shares of NASDAQ:ITRI opened at $85.30 on Thursday. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The company’s 50 day moving average is $88.07 and its two-hundred day moving average is $93.96. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.78 billion, a PE ratio of 13.60, a P/E/G ratio of 0.74 and a beta of 1.35.

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, beating analysts’ consensus estimates of $1.26 by $0.23. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same period in the prior year, the firm posted $1.52 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities analysts predict that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ITRI shares. Needham & Company LLC started coverage on shares of Itron in a research note on Friday, March 6th. They set a “buy” rating and a $124.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Roth Mkm reaffirmed a “buy” rating and set a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus 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.