First Trust Advisors LP Acquires 176,053 Shares of Itron, Inc. $ITRI

First Trust Advisors LP lifted its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 22.2% during the first quarter, HoldingsChannel reports. The firm owned 969,228 shares of the scientific and technical instruments company’s stock after acquiring an additional 176,053 shares during the quarter. First Trust Advisors LP’s holdings in Itron were worth $86,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Impact Partnership Wealth LLC boosted its position in shares of Itron by 4.7% during the first quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock worth $239,000 after buying an additional 119 shares during the period. Xponance LLC lifted its stake in 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 acquiring an additional 120 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ITRI shares. Oppenheimer raised their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Roth Capital reissued a “buy” rating and issued a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Finally, Zacks Research cut shares of Itron from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.22.

Itron Stock Up 0.3%

ITRI stock opened at $84.22 on Friday. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00. The business’s 50 day simple moving average is $82.96 and its 200 day simple moving average is $89.87. 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 firm has a market capitalization of $3.73 billion, a PE ratio of 13.43, a PEG ratio of 0.74 and a beta of 1.32.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. During the same quarter last year, the firm posted $1.52 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, research analysts anticipate that Itron, Inc. will post 6.01 EPS for the current year.

Insider Transactions at Itron

In related news, SVP John F. Marcolini sold 322 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $27,167.14. Following the transaction, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the transaction, the senior vice president directly owned 29,100 shares in the company, valued at approximately $2,455,167. This represents a 1.08% 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 90 days, insiders sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is 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.