Itron (NASDAQ:ITRI) Given New $136.00 Price Target at TD Cowen

Itron (NASDAQ:ITRI) had its price objective increased by TD Cowen from $125.00 to $136.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

ITRI has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price objective on Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Oppenheimer upped their price target on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday. Guggenheim upgraded Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Thursday, July 11th. BNP Paribas began coverage on Itron in a research report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price target on the stock. Finally, Robert W. Baird upped their price target on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.50.

Itron Stock Performance

Itron stock traded up $0.05 during midday trading on Friday, reaching $111.81. The stock had a trading volume of 963,729 shares, compared to its average volume of 521,076. Itron has a 12 month low of $58.88 and a 12 month high of $116.39. The firm’s 50-day moving average price is $103.88 and its 200 day moving average price is $102.57. The firm has a market capitalization of $5.03 billion, a PE ratio of 27.61, a P/E/G ratio of 0.87 and a beta of 1.47. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.71. Itron had a return on equity of 16.42% and a net margin of 7.98%. The business had revenue of $615.46 million for the quarter, compared to analysts’ expectations of $596.41 million. During the same period in the previous year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts predict that Itron will post 4.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction that occurred 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 owns 16,269 shares of the company’s stock, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the company’s stock in a transaction that occurred 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 owns 16,269 shares of the company’s stock, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Deitrich sold 887 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $90,607.05. Following the completion of the sale, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,276 shares of company stock valued at $4,515,846 over the last quarter. 1.45% of the stock is owned by corporate insiders.

Institutional Trading of Itron

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake in shares of Itron by 85.6% during the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 125 shares during the period. Quarry LP boosted its stake in shares of Itron by 53.0% during the second 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. Covestor Ltd boosted its stake in shares of Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after purchasing an additional 111 shares during the period. GAMMA Investing LLC boosted its stake in shares of Itron by 46.6% during the second 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. Finally, Farther Finance Advisors LLC boosted its stake in shares of Itron by 21.7% during the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

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.