Hennion & Walsh Asset Management Inc. Has $660,000 Position in Itron, Inc. (NASDAQ:ITRI)

Hennion & Walsh Asset Management Inc. boosted its holdings in Itron, Inc. (NASDAQ:ITRI) by 78.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,083 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,671 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Itron were worth $660,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Itron by 0.5% during the 3rd 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. Handelsbanken Fonder AB boosted its holdings in Itron by 62.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 899,789 shares of the scientific and technical instruments company’s stock worth $96,106,000 after acquiring an additional 346,615 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Itron by 86.2% during the 2nd quarter. Select Equity Group L.P. now owns 603,877 shares of the scientific and technical instruments company’s stock worth $59,760,000 after acquiring an additional 279,629 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Itron by 90.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 511,734 shares of the scientific and technical instruments company’s stock worth $54,658,000 after acquiring an additional 243,355 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Itron by 1.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 429,945 shares of the scientific and technical instruments company’s stock worth $45,922,000 after acquiring an additional 6,310 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ITRI shares. Janney Montgomery Scott started coverage on shares of Itron in a report on Friday, September 27th. They set a “buy” rating and a $131.00 price objective on the stock. Guggenheim boosted their price target on shares of Itron from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Piper Sandler boosted their price target on shares of Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. TD Cowen boosted their price target on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their price target on shares of Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.92.

Itron Trading Up 0.9 %

Shares of Itron stock opened at $105.36 on Tuesday. Itron, Inc. has a 52-week low of $69.23 and a 52-week high of $124.90. The stock’s 50-day simple moving average is $112.13 and its 200 day simple moving average is $106.71. The stock has a market capitalization of $4.75 billion, a P/E ratio of 21.59, a P/E/G ratio of 0.85 and a beta of 1.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a return on equity of 19.03% and a net margin of 9.37%. The firm had revenue of $615.46 million for the quarter, compared to analysts’ expectations of $596.41 million. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts anticipate that Itron, Inc. will post 5.33 EPS for the current year.

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.