Measured Wealth Private Client Group LLC Boosts Stock Holdings in Itron, Inc. (NASDAQ:ITRI)

Measured Wealth Private Client Group LLC boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 7.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,476 shares of the scientific and technical instruments company’s stock after acquiring an additional 227 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Itron were worth $371,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in Itron by 85.6% during 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 increased its position in Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC increased its position in Itron by 46.6% during the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $71,000 after purchasing an additional 229 shares during the period. CWM LLC increased its position in Itron by 315.6% during the 2nd quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company’s stock valued at $87,000 after purchasing an additional 669 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Itron in the 2nd quarter worth approximately $129,000. Institutional investors own 96.19% of the company’s stock.

Itron Trading Up 5.9 %

Itron stock opened at $109.99 on Thursday. 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 PE ratio of 29.84, a P/E/G ratio of 0.85 and a beta of 1.47. The stock has a 50-day moving average price of $103.36 and a 200 day moving average price of $102.34. Itron, Inc. has a 52 week low of $56.11 and a 52 week high of $113.07.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, beating 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%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Equities research analysts predict that Itron, Inc. will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas Deitrich sold 37,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the transaction, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas Deitrich sold 37,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.83, for a total transaction of $3,931,125.00. Following the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at $21,519,083.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Donald L. Reeves III sold 4,210 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the sale, the senior vice president now directly owns 16,269 shares in the company, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,276 shares of company stock valued at $4,515,846. Corporate insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ITRI shares. JPMorgan Chase & Co. lifted their target price on shares of Itron from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. TD Cowen lifted their price objective on shares of Itron from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Oppenheimer lifted their price objective on shares of Itron from $110.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Janney Montgomery Scott assumed coverage on shares of Itron in a research note on Friday, September 27th. They set a “buy” rating and a $131.00 price objective for the company. Finally, Piper Sandler boosted their target price on shares of Itron from $109.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.67.

Itron 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.