Itron, Inc. $ITRI Holdings Boosted by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 5.2% during the third quarter, HoldingsChannel.com reports. The fund owned 289,185 shares of the scientific and technical instruments company’s stock after buying an additional 14,344 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Itron were worth $24,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Jupiter Topco LLC purchased a new position in shares of Itron during the second quarter valued at approximately $42,466,000. Legal & General Group Plc bought a new position in Itron during the second quarter valued at approximately $29,108,000. Dimensional Fund Advisors LP lifted its position in 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 period. Hsbc Holdings PLC purchased a new stake in Itron in the second quarter worth approximately $20,755,000. Finally, Bank of America Corp DE purchased a new stake in Itron in the second quarter worth approximately $20,220,000. 96.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $150.00 target price on shares of Itron in a research report on Wednesday, July 29th. Needham & Company LLC increased their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird set a $125.00 price target on Itron in a research note 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. Finally, Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Itron Price Performance

NASDAQ ITRI opened at $84.62 on Wednesday. The company has a 50-day moving average price of $92.49 and a 200-day moving average price of $89.08. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $3.71 billion, a P/E ratio of 11.60, a PEG ratio of 0.99 and a beta of 1.32.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating 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 company had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same period in the previous year, the business posted $1.62 earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current year.

Trending Headlines about Itron

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.

Insider Buying and Selling at Itron

In other news, SVP John Marcolini sold 331 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 12,683 shares in the company, valued at $1,252,953.57. This represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 329 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the sale, the senior vice president owned 27,945 shares of the company’s stock, valued at $2,760,686.55. This trade represents a 1.16% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 17,903 shares of company stock worth $1,753,521. 1.77% of the stock is owned by insiders.

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.