Itron, Inc. $ITRI Shares Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG lifted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 250,000 shares of the scientific and technical instruments company’s stock after buying an additional 14,000 shares during the period. Raiffeisen Bank International AG’s holdings in Itron were worth $20,930,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Itron by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock worth $137,659,000 after purchasing an additional 265,039 shares during the last quarter. Geode Capital Management LLC grew its holdings in Itron by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock valued at $106,340,000 after purchasing an additional 6,598 shares during the last quarter. First Trust Advisors LP increased its position in shares of Itron by 22.2% in the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock valued at $86,872,000 after buying an additional 176,053 shares in the last quarter. Norges Bank acquired a new position in shares of Itron during the 4th quarter worth $63,990,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Itron by 12.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after buying an additional 73,020 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Stock Performance

Shares of NASDAQ ITRI opened at $95.55 on Friday. The company has a 50-day simple moving average of $93.45 and a 200-day simple moving average of $89.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The company has a market cap of $4.18 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data 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. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. 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 analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Joan Hooper sold 4,406 shares of the firm’s 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 sale, the chief financial officer owned 117,113 shares in the company, valued at $11,577,791.18. This trade represents a 3.63% decrease in their ownership of the stock. The transaction 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 Reeves, III sold 329 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the transaction, the senior vice president owned 27,945 shares of the company’s stock, valued at $2,760,686.55. The trade was a 1.16% 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. Insiders have sold a total of 7,693 shares of company stock valued at $759,475 in the last quarter. 1.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ITRI shares. Needham & Company LLC increased their price objective on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Seaport Research Partners reiterated a “buy” rating and issued a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. Robert W. Baird set a $125.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and an average target price of $131.33.

Itron Company 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.