Itron, Inc. $ITRI Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in Itron, Inc. (NASDAQ:ITRI) by 25.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 46,162 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,222 shares during the period. Janney Montgomery Scott LLC’s holdings in Itron were worth $4,138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 268 shares during the period. M&T Bank Corp increased its stake in Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC increased its stake in Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares during the period. Jump Financial LLC acquired a new stake in shares of Itron during the second quarter worth about $1,609,000. Finally, Cerity Partners LLC lifted its position in shares of Itron by 10.2% during the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after purchasing an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Raymond James Financial assumed coverage on shares of Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. JPMorgan Chase & Co. dropped their price target on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Oppenheimer upped their price objective on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and a consensus price target of $131.22.

Itron Stock Performance

ITRI traded down $1.68 on Tuesday, reaching $85.06. The company had a trading volume of 12,043 shares, compared to its average volume of 874,234. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The stock has a market capitalization of $3.77 billion, a PE ratio of 13.57, a P/E/G ratio of 0.75 and a beta of 1.32. The stock has a 50-day moving average price of $82.64 and a 200-day moving average price of $90.88.

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

Insider Buying and Selling

In related news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the transaction, the senior vice president owned 29,100 shares in the company, valued at $2,455,167. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the transaction, the senior vice president directly owned 24,689 shares in the company, valued at approximately $2,083,010.93. This trade represents a 1.29% 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. Insiders have sold 3,946 shares of company stock worth $324,420 in the last quarter. 1.77% of the stock is owned by insiders.

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.