Itron, Inc. (NASDAQ:ITRI) Director Mary C. Hemmingsen Sells 750 Shares

Itron, Inc. (NASDAQ:ITRI) Director Mary C. Hemmingsen sold 750 shares of Itron stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now owns 5,630 shares in the company, valued at $603,930.10. This represents a 11.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Itron Trading Up 1.9 %

Shares of ITRI stock opened at $108.89 on Friday. The stock has a 50 day simple moving average of $104.96 and a two-hundred day simple moving average of $106.85. The company has a market cap of $4.91 billion, a P/E ratio of 22.31, a PEG ratio of 0.81 and a beta of 1.46. Itron, Inc. has a fifty-two week low of $86.13 and a fifty-two week high of $124.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ITRI shares. Robert W. Baird lifted their price target on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Canaccord Genuity Group boosted their target price on Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Roth Mkm boosted their price objective on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler upped their price target on Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

Institutional Trading of Itron

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Itron during the fourth quarter worth about $64,615,000. Erste Asset Management GmbH purchased a new stake in Itron during the 3rd quarter valued at about $38,534,000. Bowen Hanes & Co. Inc. bought a new position in Itron during the 4th quarter valued at approximately $27,486,000. Raiffeisen Bank International AG bought a new position in Itron during the 4th quarter valued at approximately $27,619,000. Finally, Franklin Resources Inc. raised its position in Itron by 611.9% during the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock valued at $31,128,000 after purchasing an additional 243,102 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

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.