7,478 Shares in Itron, Inc. $ITRI Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Itron, Inc. (NASDAQ:ITRI) in the second quarter, HoldingsChannel reports. The institutional investor acquired 7,478 shares of the scientific and technical instruments company’s stock, valued at approximately $647,000.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Itron in the fourth quarter worth $63,990,000. Soros Fund Management LLC purchased a new position in shares of Itron in the 4th quarter worth about $34,843,000. Millennium Management LLC raised its position in shares of Itron by 269.3% in the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock worth $47,068,000 after purchasing an additional 369,617 shares during the last quarter. Merewether Investment Management LP boosted its stake in Itron by 1,552.7% in the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock worth $39,593,000 after purchasing an additional 282,587 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Itron by 20.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock worth $137,659,000 after purchasing an additional 265,039 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ITRI. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. TD Cowen reduced their price target on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Needham & Company LLC boosted their price objective on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird set a $125.00 price objective on Itron in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Itron presently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

Itron Price Performance

ITRI opened at $98.86 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The stock has a market capitalization of $4.33 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.18 and a beta of 1.30. The company’s 50-day simple moving average is $91.62 and its two-hundred day simple moving average is $90.06. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The firm 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 business’s revenue for the quarter was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, analysts predict that Itron, Inc. will post 6.41 EPS for the current year.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Analysts remain generally optimistic about ITRI: eight rate the shares Buy, four rate them Hold and one rates them Sell. The consensus price target is $131.33, with recent Buy ratings and target increases from Needham, Seaport Research Partners and Roth Capital supporting the bullish case. Itron analyst ratings
• Positive Sentiment: Institutional ownership is high at 96.19%, and several large investors—including California State Teachers’ Retirement System, Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management—have reported new or expanded positions. This could provide support for the stock.
• Neutral Sentiment: Reported short interest was listed at zero shares, but the accompanying percentage-change data was invalid. As a result, the report provides little insight into bearish positioning or potential short-covering demand.
• Negative Sentiment: Multiple executives sold shares recently, including CFO Joan S. Hooper and several senior vice presidents. Most transactions were explicitly made to cover tax-withholding obligations tied to vested equity awards, and the executives retained substantial holdings, reducing the negative signal. However, the concentration of sales may still weigh on sentiment. Itron SEC insider-sale filing
• Negative Sentiment: Itron’s latest quarterly results were mixed: EPS of $1.59 exceeded the $1.29 consensus estimate, but revenue declined 7.2% year over year to $562.9 million and fell slightly short of expectations. The company maintained 2026 guidance of $6.30–$6.50 in EPS, but the softer revenue trend remains a fundamental risk.

Insider Buying and Selling

In other news, CFO Joan S. Hooper sold 455 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $44,949.45. Following the transaction, the chief financial officer directly owned 118,440 shares of the company’s stock, valued at $11,700,687.60. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 283 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $99.99, for a total value of $28,297.17. Following the completion of the transaction, the senior vice president owned 27,662 shares in the company, valued at approximately $2,765,923.38. This trade represents a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 7,693 shares of company stock worth $759,475. 1.77% of the stock is owned by insiders.

Itron Profile

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.