Measured Wealth Private Client Group LLC Boosts Holdings in Itron, Inc. (NASDAQ:ITRI)

Measured Wealth Private Client Group LLC raised its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,814 shares of the scientific and technical instruments company’s stock after buying an additional 338 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Itron were worth $414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ITRI. Geode Capital Management LLC boosted its stake in shares of Itron by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,940 shares of the scientific and technical instruments company’s stock worth $114,835,000 after acquiring an additional 5,630 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Itron by 90.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after purchasing an additional 243,355 shares during the period. Vontobel Holding Ltd. boosted its position in Itron by 1.5% during the third quarter. Vontobel Holding Ltd. now owns 429,945 shares of the scientific and technical instruments company’s stock worth $45,922,000 after purchasing an additional 6,310 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in Itron by 9.3% in the third quarter. Pinnacle Associates Ltd. now owns 398,372 shares of the scientific and technical instruments company’s stock valued at $42,550,000 after purchasing an additional 34,014 shares during the period. Finally, Erste Asset Management GmbH purchased a new stake in shares of Itron in the third quarter valued at approximately $38,534,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Down 0.6 %

Shares of ITRI opened at $106.09 on Friday. Itron, Inc. has a 52-week low of $71.72 and a 52-week high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $109.25 and a two-hundred day simple moving average of $107.03. The company has a market capitalization of $4.78 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

Analyst Ratings Changes

ITRI has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on shares of Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen boosted their target price on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their price target on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Roth Mkm boosted their price objective on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.