REAP Financial Group LLC Grows Stock Holdings in Itron, Inc. $ITRI

REAP Financial Group LLC raised its position in shares of Itron, Inc. (NASDAQ:ITRI) by 168.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 424 shares of the scientific and technical instruments company’s stock after buying an additional 266 shares during the period. REAP Financial Group LLC’s holdings in Itron were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of Itron during the first quarter worth $266,000. Envestnet Asset Management Inc. boosted its position in shares of Itron by 119.7% during the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock worth $8,073,000 after buying an additional 41,984 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Itron by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company’s stock valued at $658,000 after purchasing an additional 2,201 shares during the period. Farther Finance Advisors LLC boosted its holdings in Itron by 52.5% in the second quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock valued at $163,000 after purchasing an additional 427 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Itron by 2.5% in the first quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company’s stock valued at $28,356,000 after purchasing an additional 6,700 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Stock Up 0.8%

Itron stock opened at $127.52 on Thursday. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $140.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The stock has a market cap of $5.83 billion, a PE ratio of 21.80, a P/E/G ratio of 0.69 and a beta of 1.48. The stock’s fifty day moving average is $123.40 and its two-hundred day moving average is $119.55.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. Itron had a return on equity of 19.69% and a net margin of 11.05%.The company had revenue of $606.76 million for the quarter, compared to analysts’ expectations of $610.36 million. During the same period last year, the firm earned $1.21 earnings per share. Itron’s quarterly revenue was down .4% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. On average, sell-side analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Itron

In other news, SVP John F. Marcolini sold 565 shares of Itron stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $70,800.15. Following the sale, the senior vice president owned 14,396 shares in the company, valued at approximately $1,803,962.76. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Justin K. Patrick sold 388 shares of Itron stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $48,620.28. Following the sale, the senior vice president owned 20,761 shares in the company, valued at $2,601,560.91. This trade represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,037 shares of company stock valued at $380,566. 1.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ITRI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Itron in a report on Wednesday. Johnson Rice lowered Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. Guggenheim reiterated a “buy” rating and issued a $155.00 target price (up from $133.00) on shares of Itron in a report on Monday, July 14th. JPMorgan Chase & Co. upgraded Itron from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $128.00 to $145.00 in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Itron from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold 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 $137.10.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.