Groupe la Francaise Decreases Stock Holdings in Itron, Inc. $ITRI

Groupe la Francaise reduced its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 23.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,695 shares of the scientific and technical instruments company’s stock after selling 6,821 shares during the quarter. Groupe la Francaise’s holdings in Itron were worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ITRI. EverSource Wealth Advisors LLC raised its stake in shares of Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after acquiring an additional 101 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock valued at $239,000 after acquiring an additional 119 shares during the last quarter. Xponance LLC increased its holdings in Itron by 3.2% during the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock valued at $360,000 after acquiring an additional 120 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $26,914.03. Following the transaction, the senior vice president directly owned 29,100 shares of the company’s stock, valued at $2,455,167. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the completion of the sale, the senior vice president directly owned 24,689 shares of the company’s stock, valued at $2,083,010.93. The trade was 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. In the last 90 days, insiders have sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ITRI. Robert W. Baird set a $125.00 price target on shares of Itron in a report on Wednesday. Roth Capital reaffirmed a “buy” rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Seaport Research Partners reiterated a “buy” rating and issued a $150.00 price target on shares of Itron in a report on Wednesday. Oppenheimer increased their price target on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

Itron Stock Performance

NASDAQ:ITRI opened at $99.66 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.36 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.81 and a beta of 1.32. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The firm’s 50 day moving average is $84.71 and its two-hundred day moving average is $89.89.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.30. The business had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Analysts expect that Itron, Inc. will post 6.43 EPS for the current year.

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.