Itron, Inc. $ITRI Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its holdings in Itron, Inc. (NASDAQ:ITRI) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,185 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,344 shares during the quarter. Pinnacle Associates Ltd. owned about 0.66% of Itron worth $24,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Itron by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after purchasing an additional 265,039 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Itron by 22.2% in the 1st quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock worth $86,872,000 after purchasing an additional 176,053 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Itron by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after buying an additional 73,020 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Itron in the 2nd quarter worth approximately $42,466,000. Finally, Renaissance Technologies LLC grew its stake in shares of Itron by 10.1% in the 1st quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company’s stock worth $41,388,000 after buying an additional 42,300 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ITRI. Robert W. Baird set a $125.00 price objective on Itron in a research report on Wednesday, July 29th. Needham & Company LLC boosted their target price on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings raised Itron from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 12th. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $150.00 target price 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 assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

Itron Stock Up 3.0%

Shares of Itron stock opened at $84.62 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The stock has a market capitalization of $3.71 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.32. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a 50-day simple moving average of $92.49 and a two-hundred day simple moving average of $89.08.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $566.34 million. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. 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 anticipate that Itron, Inc. will post 6.41 EPS for the current fiscal year.

Insider Activity

In other Itron news, SVP Donald L. Reeves III sold 329 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,501.91. Following the sale, the senior vice president directly owned 27,945 shares in the company, valued at approximately $2,760,686.55. This trade represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Justin K. Patrick sold 10,210 shares of Itron stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $97.36, for a total value of $994,045.60. Following the completion of the sale, the senior vice president directly owned 22,065 shares of the company’s stock, valued at approximately $2,148,248.40. The trade was a 31.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,903 shares of company stock valued at $1,753,521 in the last quarter. Insiders own 1.77% of the company’s stock.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: SmartMark partnership expands customer-to-grid opportunity. Itron is collaborating with SmartMark Communications to connect customer engagement with grid operations. The companies aim to help utilities improve reliability, affordability and customer experience while increasing visibility into behind-the-meter resources. This could support adoption of Itron’s Grid Edge Intelligence offerings. SmartMark Collaborates with Itron to Deliver Customer-to-Grid Solutions
• Positive Sentiment: Utility research points to continued demand for Itron’s technology. Itron’s studies found that 93% of utilities globally—and 87% of Nordic utilities—used major data and intelligence investments for at least two additional applications beyond their original purpose. Utilities are prioritizing cloud analytics, executive decision support and enterprise integration, creating potential expansion opportunities for Itron. Itron Global Study
• Positive Sentiment: Eversource award provides customer validation. Eversource Energy received Itron’s 2026 Innovator Award for using advanced metering infrastructure beyond basic meter reading, including resilient connectivity and grid-edge intelligence. The recognition highlights practical utility applications for Itron’s modernization platform. Eversource Energy Wins 2026 Itron Innovator Award
• Neutral Sentiment: Execution challenges remain. Nordic utilities identified automation, technical integration and data quality as major obstacles to turning analytics into operational decisions. The findings indicate strong market need but also show that Itron and its customers must overcome implementation hurdles before demand translates into results. Itron Study: Nordic Utilities
• Negative Sentiment: Recent trading weakness and limited near-term financial catalysts temper the reaction. Itron previously underperformed the broader market in the latest session, and the new announcements provide strategic validation rather than an immediate earnings upgrade or contract-value disclosure.

About Itron

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.