John G Ullman & Associates Inc. Acquires 21,975 Shares of Itron, Inc. $ITRI

John G Ullman & Associates Inc. raised its holdings in Itron, Inc. (NASDAQ:ITRI) by 37.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,656 shares of the scientific and technical instruments company’s stock after acquiring an additional 21,975 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Itron were worth $7,229,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ITRI. Employees Retirement System of Texas acquired a new position in shares of Itron during the 3rd quarter worth $32,000. Private Trust Co. NA lifted its stake in shares of Itron by 112.4% in the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Itron by 343.6% in the second 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 acquired a new position in Itron during the third quarter worth $49,000. Finally, EverSource Wealth Advisors LLC increased its position in Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 81 shares during the last quarter. 96.19% of the stock is owned by institutional investors.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $85.99 on Friday. The business has a 50 day moving average price of $82.68 and a 200 day moving average price of $90.21. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.75 and a beta of 1.32. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97.

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

Insider Transactions at Itron

In related news, SVP Donald L. Reeves III sold 319 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the transaction, the senior vice president owned 24,689 shares of the company’s stock, valued at approximately $2,083,010.93. The trade was a 1.29% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 3,946 shares of company stock worth $324,420. Insiders own 1.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Raymond James Financial started coverage on Itron in a research note on Tuesday, April 21st. They set an “underperform” rating for the company. Stephens restated an “overweight” rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Roth Capital reaffirmed a “buy” rating and set a $136.00 target price on shares of Itron in a research report on Wednesday, April 29th. Oppenheimer increased their price target on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.22.

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.