Itron (NASDAQ:ITRI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Itron (NASDAQ:ITRI) from a hold rating to a buy rating in a research report report published on Tuesday.

Other equities analysts also recently issued reports about the stock. Baird R W downgraded shares of Itron from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Johnson Rice upgraded Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Itron in a report on Monday, December 29th. Robert W. Baird reaffirmed a “neutral” rating and set a $118.00 price objective (down previously from $137.00) on shares of Itron in a research note on Friday, October 31st. Finally, Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Monday, November 3rd. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.10.

Itron Trading Up 1.2%

Shares of ITRI stock opened at $98.44 on Tuesday. The firm has a fifty day moving average of $97.97 and a 200-day moving average of $117.58. Itron has a 52-week low of $90.11 and a 52-week high of $142.00. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 0.54 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The business had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. Itron’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. On average, equities research analysts forecast that Itron will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Itron news, SVP Justin K. Patrick sold 379 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $36,577.29. Following the transaction, the senior vice president owned 20,382 shares in the company, valued at approximately $1,967,066.82. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donald L. Reeves III sold 536 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $51,729.36. Following the completion of the sale, the senior vice president directly owned 19,068 shares of the company’s stock, valued at approximately $1,840,252.68. This trade represents a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,971 shares of company stock worth $286,731. 1.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Itron

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Itron in the 2nd quarter worth approximately $30,000. Employees Retirement System of Texas acquired a new stake in shares of Itron in the 3rd quarter valued at approximately $32,000. Bessemer Group Inc. boosted its position in Itron by 125.7% during the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 142 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Itron during the 3rd quarter worth $36,000. Finally, Salomon & Ludwin LLC acquired a new position in Itron during the third quarter worth about $42,000. 96.19% of the stock is owned by institutional investors.

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.