Hsbc Holdings PLC Buys New Stake in Itron, Inc. $ITRI

Hsbc Holdings PLC purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 241,284 shares of the scientific and technical instruments company’s stock, valued at approximately $20,755,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in 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 acquiring an additional 81 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Itron by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares in the last quarter. Impact Partnership Wealth LLC lifted its holdings in shares of Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock valued at $239,000 after purchasing an additional 119 shares during the last quarter. Xponance LLC lifted its holdings in shares of Itron by 3.2% in the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 120 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of Itron by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,718 shares of the scientific and technical instruments company’s stock valued at $624,000 after purchasing an additional 146 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ITRI. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research note on Wednesday, May 20th. Seaport Research Partners reissued a “buy” rating and issued a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC raised their target price on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.33.

Itron Price Performance

Shares of ITRI opened at $99.27 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The firm has a 50-day simple moving average of $91.99 and a 200-day simple moving average of $90.03. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. The firm had revenue of $562.90 million for the quarter, compared to analysts’ expectations of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, equities research analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current year.

Insider Buying and Selling at Itron

In related news, CFO Joan S. Hooper sold 4,406 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $98.86, for a total transaction of $435,577.16. Following the completion of the sale, the chief financial officer directly owned 117,113 shares of the company’s stock, valued at $11,577,791.18. This trade represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 329 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,501.91. Following the sale, the senior vice president directly owned 27,945 shares of the company’s stock, valued at approximately $2,760,686.55. This represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 7,693 shares of company stock worth $759,475. 1.77% of the stock is currently owned by insiders.

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.