Itron, Inc. $ITRI Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in Itron, Inc. (NASDAQ:ITRI) by 25.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,162 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,222 shares during the period. Janney Montgomery Scott LLC owned approximately 0.10% of Itron worth $4,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITRI. Private Trust Co. NA raised its position in Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 145 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Itron in the third quarter worth $32,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Itron by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares during the last quarter. Advisory Services Network LLC acquired a new position in Itron during the third quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Price Performance

Shares of NASDAQ:ITRI traded down $1.68 during midday trading on Tuesday, hitting $85.06. The company had a trading volume of 12,043 shares, compared to its average volume of 874,234. The business’s 50-day simple moving average is $82.64 and its 200-day simple moving average is $90.88. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. During the same quarter in the previous year, the firm earned $1.52 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, research analysts predict that Itron, Inc. will post 6.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ITRI shares. Oppenheimer lifted their price objective on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Itron in a research report on Wednesday, May 20th. Raymond James Financial began coverage on Itron in a report on Tuesday, April 21st. They issued an “underperform” rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Finally, TD Cowen decreased their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Eight equities 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 company. Based on data from MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

Insider Activity

In other news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares in the company, valued at $2,455,167. This trade represents a 1.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the sale, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 3,946 shares of company stock valued at $324,420 in the last 90 days. Company insiders own 1.77% of the company’s stock.

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.