Jupiter Topco LLC Takes Position in Itron, Inc. $ITRI

Jupiter Topco LLC purchased a new position in Itron, Inc. (NASDAQ:ITRI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 490,765 shares of the scientific and technical instruments company’s stock, valued at approximately $42,466,000.

Several other large investors have also recently made changes to their positions in ITRI. Employees Retirement System of Texas acquired a new position in Itron in the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. raised 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 valued at $46,000 after buying an additional 268 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Itron in the third quarter worth about $49,000. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 81 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Itron during the second quarter worth about $36,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ITRI. Robert W. Baird set a $125.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” 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 report on Wednesday, May 20th. Needham & Company LLC upped their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell 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 $131.33.

Itron Stock Performance

Shares of Itron stock opened at $99.27 on Friday. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The business’s fifty day simple moving average is $91.99 and its 200-day simple moving average is $90.03. The firm has a market cap of $4.35 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts forecast that Itron, Inc. will post 6.41 earnings per share for the current year.

Insider Transactions at Itron

In other Itron news, SVP Donald L. Reeves III sold 329 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 1.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 4,406 shares of Itron stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $98.86, for a total value of $435,577.16. Following the completion of the transaction, the chief financial officer owned 117,113 shares of the company’s stock, valued at approximately $11,577,791.18. This trade represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,693 shares of company stock worth $759,475 over the last ninety days. Company insiders own 1.77% of the company’s stock.

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.