Itron, Inc. (NASDAQ:ITRI) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in Itron, Inc. (NASDAQ:ITRI) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,921 shares of the scientific and technical instruments company’s stock after purchasing an additional 108 shares during the period. Stifel Financial Corp’s holdings in Itron were worth $526,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quarry LP increased its holdings in Itron by 53.0% in the second 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 during the last quarter. Covestor Ltd increased its holdings in shares of Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 111 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after acquiring an additional 129 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Itron during the 3rd quarter valued at approximately $103,000. Finally, GAMMA Investing LLC lifted its stake in Itron by 41.4% during the third quarter. GAMMA Investing LLC now owns 1,018 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Down 0.1 %

Itron stock opened at $110.36 on Friday. Itron, Inc. has a 52 week low of $67.21 and a 52 week high of $124.90. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 0.86 and a beta of 1.46. The company’s 50-day moving average price is $113.22 and its two-hundred day moving average price is $105.99. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.71. The business had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. On average, analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity

In related news, CEO Thomas Deitrich sold 37,500 shares of Itron 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 completion of the sale, the chief executive officer now owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. This trade represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ITRI shares. Roth Mkm increased their target price on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer increased their price objective on shares of Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised their target price on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird upped their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Piper Sandler raised their price target on Itron from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.92.

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.