Swedbank AB Sells 10,500 Shares of Itron, Inc. $ITRI

Swedbank AB trimmed its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 18.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,600 shares of the scientific and technical instruments company’s stock after selling 10,500 shares during the period. Swedbank AB owned approximately 0.10% of Itron worth $4,420,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its holdings in Itron by 3.8% during the 4th quarter. Benjamin Edwards Inc. now owns 7,510 shares of the scientific and technical instruments company’s stock valued at $697,000 after purchasing an additional 272 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Itron by 30.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,404 shares of the scientific and technical instruments company’s stock valued at $2,080,000 after purchasing an additional 5,168 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Itron by 8.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,372 shares of the scientific and technical instruments company’s stock valued at $592,000 after purchasing an additional 523 shares during the last quarter. Inscription Capital LLC bought a new position in Itron during the 4th quarter valued at about $297,000. Finally, Peregrine Capital Management LLC lifted its holdings in Itron by 19.3% during the 4th quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock valued at $9,609,000 after purchasing an additional 16,742 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Insider Activity at Itron

In other news, CFO Joan S. Hooper sold 3,533 shares of Itron stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $95.92, for a total transaction of $338,885.36. Following the completion of the sale, the chief financial officer owned 118,275 shares in the company, valued at $11,344,938. The trade was a 2.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Laurie Ann Pulatie-Hahn sold 729 shares of Itron stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.17, for a total transaction of $73,023.93. Following the sale, the senior vice president owned 32,950 shares of the company’s stock, valued at approximately $3,300,601.50. This represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 51,180 shares of company stock worth $5,085,475 over the last 90 days. Insiders own 1.77% of the company’s stock.

Itron Trading Up 0.9%

ITRI opened at $81.87 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $3.63 billion, a PE ratio of 13.06, a PEG ratio of 0.72 and a beta of 1.35. Itron, Inc. has a 1-year low of $78.53 and a 1-year high of $142.00. The firm has a 50-day moving average price of $91.24 and a two-hundred day moving average price of $97.96.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.23. The firm had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ITRI shares. JPMorgan Chase & Co. cut their price target on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Roth Mkm restated a “buy” rating and issued a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. Needham & Company LLC assumed coverage on shares of Itron in a research report on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective for the company. Finally, Oppenheimer raised their price objective on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.22.

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.