Geode Capital Management LLC Increases Stake in Itron, Inc. $ITRI

Geode Capital Management LLC increased its holdings in Itron, Inc. (NASDAQ:ITRI) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,144,982 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,598 shares during the period. Geode Capital Management LLC owned approximately 2.50% of Itron worth $106,340,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. DLD Asset Management LP boosted its stake in shares of Itron by 49.9% in the 3rd quarter. DLD Asset Management LP now owns 63,400 shares of the scientific and technical instruments company’s stock valued at $7,897,000 after purchasing an additional 21,100 shares in the last quarter. Elo Mutual Pension Insurance Co purchased a new stake in shares of Itron in the 3rd quarter valued at $1,672,000. Peregrine Capital Management LLC boosted its stake in shares of Itron by 19.3% in the 4th quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock valued at $9,609,000 after purchasing an additional 16,742 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Itron by 34.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 148,317 shares of the scientific and technical instruments company’s stock valued at $18,474,000 after buying an additional 37,634 shares during the period. Finally, Forge First Asset Management Inc. boosted its position in Itron by 159.6% during the 3rd quarter. Forge First Asset Management Inc. now owns 53,625 shares of the scientific and technical instruments company’s stock valued at $6,680,000 after buying an additional 32,970 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Trading Down 1.2%

Shares of ITRI opened at $80.07 on Friday. The stock has a market capitalization of $3.55 billion, a P/E ratio of 12.77, a PEG ratio of 0.70 and a beta of 1.33. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $86.67 and a two-hundred day simple moving average of $93.06. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI) last issued 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. Itron had a net margin of 12.31% and a return on equity of 19.54%. The business had revenue of $586.98 million during the quarter, compared to analyst estimates of $572.04 million. During the same period in the prior year, the business earned $1.52 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, research analysts anticipate that Itron, Inc. will post 6.01 EPS for the current year.

Insiders Place Their Bets

In other Itron news, CFO Joan S. Hooper sold 442 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 322 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the transaction, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This trade represents a 1.29% 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 ninety days, insiders sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ITRI shares. JPMorgan Chase & Co. dropped their price target on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Robert W. Baird set a $128.00 price target on shares of Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Guggenheim set a $155.00 price target on shares of Itron in a research report on Friday, February 13th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial started coverage on shares of Itron in a research report on Tuesday, April 21st. They set an “underperform” rating for the company. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and an average target price of $131.22.

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.