Tidal Investments LLC Sells 5,804 Shares of Itron, Inc. $ITRI

Tidal Investments LLC decreased its stake in Itron, Inc. (NASDAQ:ITRI) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 175,956 shares of the scientific and technical instruments company’s stock after selling 5,804 shares during the period. Tidal Investments LLC’s holdings in Itron were worth $15,225,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital World Investors bought a new position in shares of Itron during the fourth quarter valued at $10,460,000. Assenagon Asset Management S.A. grew its holdings in shares of Itron by 160.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company’s stock worth $29,136,000 after purchasing an additional 207,416 shares during the last quarter. DNB Asset Management AS bought a new stake in shares of Itron in the 4th quarter worth about $12,191,000. WINTON GROUP Ltd acquired a new stake in shares of Itron during the 4th quarter worth about $5,795,000. Finally, Fieldview Capital Management LLC lifted its holdings in Itron by 54.1% during the 4th quarter. Fieldview Capital Management LLC now owns 40,095 shares of the scientific and technical instruments company’s stock valued at $3,723,000 after purchasing an additional 14,079 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron Trading Down 1.2%

ITRI stock opened at $93.55 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. 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 $4.10 billion, a P/E ratio of 15.62, a PEG ratio of 1.14 and a beta of 1.33. The business has a fifty day moving average of $94.55 and a 200-day moving average of $89.90.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities research analysts expect that Itron, Inc. will post 6.41 EPS for the current year.

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 331 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 $32,699.49. Following the transaction, the senior vice president directly owned 12,683 shares of the company’s stock, valued at approximately $1,252,953.57. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald Reeves, III sold 329 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $32,501.91. Following the sale, the senior vice president owned 27,945 shares of the company’s stock, valued at $2,760,686.55. The trade was a 1.16% decrease in their position. 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. Over the last ninety days, insiders have sold 17,903 shares of company stock valued at $1,753,521. 1.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ITRI has been the topic of a number of recent analyst reports. Robert W. Baird set a $125.00 price target on shares of Itron in a research report on Wednesday, July 29th. Seaport Research Partners reaffirmed a “buy” rating and set a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Needham & Company LLC increased their price target on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

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.