SFE Investment Counsel raised its stake in Itron, Inc. (NASDAQ:ITRI) by 137.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,120 shares of the scientific and technical instruments company’s stock after buying an additional 7,007 shares during the period. SFE Investment Counsel’s holdings in Itron were worth $821,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Itron by 56.2% in the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock valued at $115,000 after buying an additional 681 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock valued at $144,000 after buying an additional 36 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Itron by 21.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,492 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 444 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Itron during the first quarter valued at about $175,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Itron by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 3,680 shares of the scientific and technical instruments company’s stock valued at $223,000 after buying an additional 80 shares in the last quarter. 95.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Itron, Inc. (ITRI) opened at 73.00 on Tuesday. Itron, Inc. has a one year low of $44.00 and a one year high of $75.60. The firm has a market cap of $2.83 billion, a PE ratio of 90.35 and a beta of 1.10. The company has a 50-day moving average of $71.20 and a 200 day moving average of $65.75.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $503.10 million during the quarter, compared to analysts’ expectations of $491.80 million. Itron had a return on equity of 15.43% and a net margin of 1.60%. Itron’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. On average, equities research analysts expect that Itron, Inc. will post $3.07 EPS for the current fiscal year.

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Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $84.00 price target (up previously from $74.00) on shares of Itron in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Itron in a research report on Friday, August 4th. BidaskClub raised shares of Itron from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Itron from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Cowen and Company set a $74.00 target price on shares of Itron and gave the company a “hold” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Itron has an average rating of “Buy” and a consensus target price of $79.00.

Itron Company Profile

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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Institutional Ownership by Quarter for Itron (NASDAQ:ITRI)

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