Flputnam Investment Management Co. Sells 80,705 Shares of Itron, Inc. $ITRI

Flputnam Investment Management Co. trimmed its holdings in Itron, Inc. (NASDAQ:ITRI) by 95.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,784 shares of the scientific and technical instruments company’s stock after selling 80,705 shares during the period. Flputnam Investment Management Co.’s holdings in Itron were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Employees Retirement System of Texas purchased a new stake in shares of Itron during the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Itron by 343.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares in the last quarter. Advisory Services Network LLC bought a new position in Itron in the 3rd quarter worth approximately $49,000. EverSource Wealth Advisors LLC boosted its stake in Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares during the period. Finally, PenderFund Capital Management Ltd. purchased a new stake in Itron during the 2nd quarter valued at approximately $35,000. Institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $97.01 on Tuesday. The firm has a fifty day simple moving average of $92.63 and a two-hundred day simple moving average of $89.92. 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 stock has a market capitalization of $4.25 billion, a P/E ratio of 16.20, a PEG ratio of 1.17 and a beta of 1.30.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $562.90 million for the quarter, compared to analysts’ expectations of $566.34 million. During the same period in the prior year, the company earned $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. On average, analysts expect that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Itron news, SVP John F. Marcolini sold 331 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was 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 $1,252,953.57. This represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 455 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $44,949.45. Following the completion of the sale, the chief financial officer directly owned 118,440 shares of the company’s stock, valued at $11,700,687.60. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 7,693 shares of company stock valued at $759,475 over the last ninety days. 1.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ITRI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Itron from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Needham & Company LLC lifted their price target on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $150.00 price target on shares of Itron in a research note on Wednesday, July 29th. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $131.33.

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.