Itron, Inc. (NASDAQ:ITRI) Director Mary C. Hemmingsen Sells 750 Shares

Itron, Inc. (NASDAQ:ITRI) Director Mary C. Hemmingsen sold 750 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the completion of the sale, the director now directly owns 5,630 shares of the company’s stock, valued at $603,930.10. This trade represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Itron Trading Up 1.9 %

NASDAQ:ITRI opened at $108.89 on Friday. Itron, Inc. has a 12 month low of $86.13 and a 12 month high of $124.90. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 0.81 and a beta of 1.46. 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 company’s 50 day moving average is $104.96 and its 200-day moving average is $106.85.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. TD Cowen raised their price objective on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer raised their price objective on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday. Guggenheim cut their price objective on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group raised their price objective on shares of Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and an average target price of $127.64.

Institutional Investors Weigh In On Itron

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC grew its stake in shares of Itron by 105.9% in the third quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company’s stock worth $2,077,000 after acquiring an additional 10,001 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Itron by 0.5% in the third 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 during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Itron by 78.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,083 shares of the scientific and technical instruments company’s stock worth $660,000 after acquiring an additional 2,671 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Itron in the third quarter worth $5,994,000. Finally, Systematic Financial Management LP grew its stake in shares of Itron by 12.2% in the third quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock worth $14,351,000 after acquiring an additional 14,590 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

About Itron

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.