Groupe la Francaise Reduces Position in Itron, Inc. $ITRI

Groupe la Francaise trimmed its holdings in Itron, Inc. (NASDAQ:ITRI) by 42.2% during the second quarter, HoldingsChannel reports. The firm owned 12,535 shares of the scientific and technical instruments company’s stock after selling 9,160 shares during the period. Groupe la Francaise’s holdings in Itron were worth $1,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ITRI. Employees Retirement System of Texas acquired a new stake in shares of Itron in the 3rd quarter worth $32,000. PenderFund Capital Management Ltd. acquired a new position in shares of Itron during the 2nd quarter valued at about $35,000. Quantbot Technologies LP purchased a new stake in shares of Itron in the second quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Itron during the second quarter worth about $48,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Itron

In related news, CFO Joan S. Hooper sold 4,406 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $98.86, for a total transaction of $435,577.16. Following the completion of the transaction, the chief financial officer directly owned 117,113 shares of the company’s stock, valued at $11,577,791.18. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John Marcolini sold 331 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,699.49. Following the sale, the senior vice president owned 12,683 shares in the company, valued at approximately $1,252,953.57. This trade represents a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 17,903 shares of company stock worth $1,753,521. 1.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on ITRI shares. Zacks Research upgraded shares of Itron from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Seaport Research Partners reaffirmed a “buy” rating and set a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. Robert W. Baird set a $125.00 price objective on Itron in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Finally, Needham & Company LLC raised their target price on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Itron Trading Down 0.5%

ITRI opened at $96.57 on Wednesday. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $94.18 and a 200-day simple moving average of $89.97. The firm has a market cap of $4.23 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.16 and a beta of 1.33.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same period last year, the business posted $1.62 EPS. Itron’s revenue for the quarter was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, equities analysts expect 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.