Stifel Financial Corp Has $526,000 Holdings in Itron, Inc. (NASDAQ:ITRI)

Stifel Financial Corp boosted its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,921 shares of the scientific and technical instruments company’s stock after purchasing an additional 108 shares during the quarter. Stifel Financial Corp’s holdings in Itron were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Systematic Financial Management LP lifted its position in shares of Itron by 12.2% in the 3rd quarter. Systematic Financial Management LP now owns 134,362 shares of the scientific and technical instruments company’s stock worth $14,351,000 after acquiring an additional 14,590 shares during the period. Quarry LP boosted its stake in Itron by 29.0% during the third quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Itron during the third quarter worth $671,000. Menard Financial Group LLC raised its stake in shares of Itron by 14.3% in the 3rd quarter. Menard Financial Group LLC now owns 5,065 shares of the scientific and technical instruments company’s stock valued at $541,000 after buying an additional 633 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Itron by 8.4% during the third quarter. HighTower Advisors LLC now owns 3,024 shares of the scientific and technical instruments company’s stock worth $321,000 after purchasing an additional 234 shares during the period. 96.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ITRI. Janney Montgomery Scott initiated coverage on Itron in a research note on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective on the stock. Robert W. Baird increased their price objective on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Roth Mkm boosted their target price on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen increased their target price on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Piper Sandler boosted their price target on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Four 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 company has an average rating of “Moderate Buy” and an average target price of $123.92.

Itron Price Performance

ITRI opened at $110.36 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83. The company’s 50 day simple moving average is $113.22 and its 200-day simple moving average is $105.99. Itron, Inc. has a one year low of $67.21 and a one year high of $124.90. The stock has a market capitalization of $4.98 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS 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 company had revenue of $615.46 million during the quarter, compared to analysts’ expectations of $596.41 million. During the same period last year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Itron

In other Itron news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $21,519,083.08. The trade was a 15.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.45% 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.