Northwestern Mutual Wealth Management Co. Has $647,000 Position in Itron, Inc. $ITRI

Northwestern Mutual Wealth Management Co. lifted its position in shares of Itron, Inc. (NASDAQ:ITRI) by 1,588.0% in the second quarter, HoldingsChannel reports. The fund owned 7,478 shares of the scientific and technical instruments company’s stock after buying an additional 7,035 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Itron were worth $647,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Capital World Investors bought a new stake in shares of Itron during the 4th quarter valued at $10,460,000. Assenagon Asset Management S.A. raised its position in shares of Itron by 160.4% during the second 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 period. DNB Asset Management AS bought a new position in Itron in the fourth quarter valued at approximately $12,191,000. WINTON GROUP Ltd bought a new stake in Itron in the 4th quarter valued at $5,795,000. Finally, Fieldview Capital Management LLC lifted its holdings in shares of Itron by 54.1% in the fourth 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 in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Joan S. Hooper sold 455 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $44,949.45. Following the transaction, the chief financial officer owned 118,440 shares in the company, valued at approximately $11,700,687.60. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John Marcolini sold 331 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was 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 in the company, valued at approximately $1,252,953.57. This trade represents a 2.54% 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. In the last three months, insiders have sold 17,903 shares of company stock valued at $1,753,521. Company insiders own 1.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ITRI shares. Needham & Company LLC increased their target price on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Seaport Research Partners reaffirmed a “buy” rating and issued a $150.00 target price on shares of Itron in a report on Wednesday, July 29th. Finally, Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Itron in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Itron currently has an average rating of “Moderate Buy” and an average target price of $131.33.

Itron Stock Performance

NASDAQ ITRI opened at $97.01 on Monday. The firm has a market capitalization of $4.25 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.33. The business’s 50-day moving average price is $93.71 and its two-hundred day moving average price is $89.99. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the company earned $1.62 EPS. The company’s revenue for the quarter 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 expect that Itron, Inc. will post 6.41 EPS for the current year.

About Itron

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.