Itron, Inc. (NASDAQ:ITRI) Stock Position Raised by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC raised its position in shares of Itron, Inc. (NASDAQ:ITRI) by 7.0% in the third quarter, Holdings Channel reports. The firm owned 3,476 shares of the scientific and technical instruments company’s stock after buying an additional 227 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Itron were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Hexagon Capital Partners LLC boosted its stake in Itron by 85.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 125 shares in the last quarter. Quarry LP boosted its stake in Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. GAMMA Investing LLC boosted its stake in Itron by 46.6% in the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $71,000 after buying an additional 229 shares in the last quarter. CWM LLC boosted its stake in Itron by 315.6% in the 2nd quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company’s stock valued at $87,000 after buying an additional 669 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Itron in the 2nd quarter valued at $129,000. 96.19% of the stock is owned by institutional investors.

Insider Transactions at Itron

In other news, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joan S. Hooper sold 509 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $51,994.35. Following the transaction, the chief financial officer now directly owns 72,338 shares of the company’s stock, valued at $7,389,326.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,276 shares of company stock valued at $4,515,846 over the last three months. Company insiders own 1.45% of the company’s stock.

Itron Stock Up 5.9 %

NASDAQ:ITRI opened at $109.99 on Thursday. Itron, Inc. has a 1 year low of $56.11 and a 1 year high of $113.07. The company has a current ratio of 3.16, a quick ratio of 2.61 and a debt-to-equity ratio of 0.98. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 0.85 and a beta of 1.47. The stock has a 50-day moving average price of $103.36 and a two-hundred day moving average price of $102.34.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.25. The company had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. Itron had a return on equity of 16.42% and a net margin of 7.98%. Itron’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, equities analysts expect that Itron, Inc. will post 4.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Guggenheim upgraded Itron from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Thursday, July 11th. Roth Mkm reiterated a “buy” rating and issued a $125.00 price objective on shares of Itron in a research report on Wednesday, August 21st. Janney Montgomery Scott began coverage on Itron in a research report on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective for the company. Finally, Piper Sandler boosted their target price on Itron from $109.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.67.

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.