Itron, Inc. (NASDAQ:ITRI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Itron, Inc. (NASDAQ:ITRI) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $136.25.

A number of equities analysts have recently issued reports on the stock. Roth Capital increased their price target on shares of Itron from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Stephens set a $130.00 price target on shares of Itron in a report on Monday, August 4th. Piper Sandler cut their price target on shares of Itron from $124.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Guggenheim restated a “buy” rating and set a $155.00 target price (up from $133.00) on shares of Itron in a report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Itron from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

Insider Activity

In other Itron news, SVP Donald L. Reeves III sold 547 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $68,544.57. Following the completion of the transaction, the senior vice president directly owned 19,604 shares in the company, valued at approximately $2,456,577.24. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joan S. Hooper sold 970 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $121,550.70. Following the transaction, the chief financial officer owned 88,394 shares of the company’s stock, valued at $11,076,652.14. This trade represents a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,073 shares of company stock worth $1,480,880 in the last three months. Company insiders own 1.51% of the company’s stock.

Institutional Investors Weigh In On Itron

Hedge funds and other institutional investors have recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Itron in the 2nd quarter worth approximately $30,000. Bessemer Group Inc. grew its stake in Itron by 125.7% in the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 142 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Itron in the first quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Itron by 343.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 268 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $53,000 after acquiring an additional 81 shares during the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Itron Stock Down 0.4%

Shares of NASDAQ:ITRI opened at $122.94 on Tuesday. The stock has a market cap of $5.62 billion, a P/E ratio of 21.02, a P/E/G ratio of 0.67 and a beta of 1.46. The firm has a fifty day moving average price of $130.20 and a 200 day moving average price of $116.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. Itron has a 1-year low of $90.11 and a 1-year high of $140.04.

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

About Itron

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.