Handelsbanken Fonder AB Grows Stock Position in Itron, Inc. $ITRI

Handelsbanken Fonder AB increased its stake in Itron, Inc. (NASDAQ:ITRI) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 999,882 shares of the scientific and technical instruments company’s stock after acquiring an additional 56,318 shares during the period. Handelsbanken Fonder AB’s holdings in Itron were worth $124,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new position in Itron in the 2nd quarter worth approximately $30,000. Bessemer Group Inc. grew its holdings in shares of Itron by 125.7% in 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 last quarter. Optiver Holding B.V. bought a new position in shares of Itron in the third quarter worth approximately $36,000. Salomon & Ludwin LLC purchased a new position in shares of Itron in the third quarter worth $42,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Itron by 343.6% during the 2nd 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. 96.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Johnson Rice raised shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Monday, January 5th. Weiss Ratings cut Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Robert W. Baird set a $128.00 price target on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Stephens raised Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price on the stock in a research note on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.56.

Insiders Place Their Bets

In related news, SVP Justin K. Patrick sold 4,930 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $490,732.20. Following the completion of the transaction, the senior vice president directly owned 34,344 shares in the company, valued at $3,418,601.76. This trade represents a 12.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher E. Ware sold 4,486 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $446,536.44. Following the completion of the sale, the senior vice president owned 31,806 shares in the company, valued at approximately $3,165,969.24. This trade represents a 12.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,128 shares of company stock valued at $4,695,811 in the last 90 days. Corporate insiders own 1.45% of the company’s stock.

Itron Stock Performance

Shares of ITRI opened at $96.08 on Friday. The company has a 50-day simple moving average of $97.85 and a two-hundred day simple moving average of $109.35. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.80 and a quick ratio of 1.56. The firm has a market capitalization of $4.32 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48. Itron, Inc. has a one year low of $88.57 and a one year high of $142.00.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.27. The firm had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. Itron had a return on equity of 20.04% and a net margin of 12.72%.The business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 EPS. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Itron 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.