Itron, Inc. $ITRI Position Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 1,588.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,478 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,035 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Itron were worth $647,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Employees Retirement System of Texas acquired a new position in shares of Itron in the 3rd quarter valued at about $32,000. PenderFund Capital Management Ltd. bought a new position in Itron in the 2nd quarter worth approximately $35,000. Quantbot Technologies LP acquired a new position in shares of Itron during the second quarter valued at $36,000. Public Employees Retirement System of Ohio acquired a new position in Itron during the 2nd quarter valued at about $48,000. Finally, Advisory Services Network LLC acquired a new position in shares of Itron during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling at Itron

In other news, SVP John F. Marcolini sold 331 shares of Itron stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $32,699.49. Following the sale, the senior vice president directly owned 12,683 shares in the company, valued at approximately $1,252,953.57. The trade was a 2.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Justin Patrick sold 10,210 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $97.36, for a total value of $994,045.60. Following the transaction, the senior vice president owned 22,065 shares of the company’s stock, valued at $2,148,248.40. This trade represents a 31.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,903 shares of company stock worth $1,753,521 over the last three months. 1.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Robert W. Baird set a $125.00 target price on Itron in a report on Wednesday, July 29th. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Seaport Research Partners reissued a “buy” rating and issued a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. Needham & Company LLC lifted their price objective 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 reiterated a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Itron Price Performance

ITRI opened at $97.01 on Monday. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.16 and a beta of 1.33. The business has a 50 day moving average of $93.71 and a 200-day moving average of $89.99. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00.

Itron (NASDAQ:ITRI) last posted 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 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 company had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The business’s 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. As a group, sell-side analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current year.

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.