DNB Asset Management AS Makes New Investment in Itron, Inc. $ITRI

DNB Asset Management AS purchased a new position in shares of Itron, Inc. (NASDAQ:ITRI) in the fourth quarter, HoldingsChannel reports. The fund purchased 131,281 shares of the scientific and technical instruments company’s stock, valued at approximately $12,191,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in Itron by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,473 shares of the scientific and technical instruments company’s stock worth $973,000 after acquiring an additional 190 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Itron by 22.1% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,350 shares of the scientific and technical instruments company’s stock worth $590,000 after acquiring an additional 1,150 shares during the period. Crossmark Global Holdings Inc. lifted its position in Itron by 11.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,687 shares of the scientific and technical instruments company’s stock worth $435,000 after acquiring an additional 476 shares during the period. Sequoia Financial Advisors LLC lifted its position in Itron by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 33,089 shares of the scientific and technical instruments company’s stock worth $3,073,000 after acquiring an additional 2,320 shares during the period. Finally, Robeco Schweiz AG lifted its position in Itron by 13.5% during the 4th quarter. Robeco Schweiz AG now owns 422,411 shares of the scientific and technical instruments company’s stock worth $39,225,000 after acquiring an additional 50,235 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Performance

NASDAQ ITRI opened at $79.24 on Monday. The stock has a 50-day simple moving average of $89.62 and a two-hundred day simple moving average of $95.72. The firm has a market capitalization of $3.51 billion, a P/E ratio of 12.64, a PEG ratio of 0.69 and a beta of 1.35. Itron, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66.

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

Insider Buying and Selling at Itron

In other Itron news, SVP Donald L. Reeves III sold 5,419 shares of Itron stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $99.54, for a total transaction of $539,407.26. Following the completion of the transaction, the senior vice president owned 33,140 shares in the company, valued at approximately $3,298,755.60. This trade represents a 14.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Joan S. Hooper sold 15,293 shares of Itron stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $1,522,265.22. Following the completion of the transaction, the chief financial officer owned 124,196 shares of the company’s stock, valued at approximately $12,362,469.84. This represents a 10.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 51,162 shares of company stock worth $5,080,646. Insiders own 1.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Guggenheim set a $155.00 price target on Itron in a research report on Friday, February 13th. Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Roth Mkm reiterated a “buy” rating and set a $136.00 price objective on shares of Itron in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.