Itron (NASDAQ:ITRI) Upgraded at Johnson Rice

Johnson Rice upgraded shares of Itron (NASDAQ:ITRI) from an accumulate rating to a buy rating in a research report released on Monday morning, MarketBeat Ratings reports. Johnson Rice currently has $130.00 price objective on the scientific and technical instruments company’s stock.

A number of other research firms have also weighed in on ITRI. Oppenheimer set a $145.00 price objective on shares of Itron and gave the stock an “outperform” rating in a research report on Friday, October 31st. Argus reiterated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Zacks Research cut Itron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Baird R W downgraded Itron from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Stephens upgraded Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price for the company in a research report on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.10.

Itron Stock Performance

NASDAQ ITRI opened at $97.25 on Monday. The business’s 50 day moving average price is $98.18 and its 200-day moving average price is $117.71. Itron has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The company has a market cap of $4.45 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.54 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.17.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.48 by $0.06. Itron had a net margin of 10.69% and a return on equity of 17.82%. The company had revenue of $581.63 million during the quarter, compared to analyst estimates of $578.49 million. During the same period in the previous year, the firm earned $1.84 earnings per share. Itron’s quarterly revenue was down 5.5% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. Sell-side analysts predict that Itron will post 5.33 earnings per share for the current year.

Insider Buying and Selling at Itron

In other news, SVP Christopher E. Ware sold 343 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $33,102.93. Following the transaction, the senior vice president owned 18,774 shares in the company, valued at approximately $1,811,878.74. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Joan S. Hooper sold 948 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total transaction of $91,491.48. Following the completion of the sale, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. This trade represents a 1.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,971 shares of company stock worth $286,731. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Itron

A number of hedge funds and other institutional investors have recently modified their holdings of ITRI. Twin Peaks Wealth Advisors LLC purchased a new stake in Itron during the second quarter worth $30,000. Employees Retirement System of Texas bought a new position in shares of Itron in the 3rd quarter worth $32,000. Bessemer Group Inc. lifted its stake in shares of Itron by 125.7% during the 2nd 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. purchased a new stake in shares of Itron during the 3rd quarter worth $36,000. Finally, Salomon & Ludwin LLC bought a new stake in Itron during the third quarter valued at about $42,000. 96.19% of the stock is currently owned by institutional investors.

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.