Hennion & Walsh Asset Management Inc. purchased a new position in Itron, Inc. (NASDAQ:ITRI – Free Report) during the 2nd quarter, according to the latest filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,678 shares of the scientific and technical instruments company’s stock, valued at approximately $265,000.

A number of other institutional investors have also added to or reduced their stakes in ITRI. GAMMA Investing LLC purchased a new stake in shares of Itron during the 4th quarter worth $27,000. Hexagon Capital Partners LLC increased its stake in 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 worth $27,000 after acquiring an additional 125 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Itron by 61.5% in the first quarter. Contravisory Investment Management Inc. now owns 344 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 131 shares during the period. Harvest Fund Management Co. Ltd. purchased a new position in shares of Itron during the fourth quarter worth approximately $50,000. Finally, CM Bidwell & Associates Ltd. purchased In the fourth quarter, Microsoft Corp. established a new position in shares of Itron worth approximately $76,000. Institutional investors own 96.19% of the company’s shares.

Itron trades up 0.7%

NASDAQ:ITRI opened Friday at $100.19. The company has a market cap of $4.60 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 0.91 and a beta of 1.45. The company has a current ratio of 3.16, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98. The company has a 50-day simple moving average of $100.50 and a 200-day simple moving average of $96.37. Itron, Inc. has a 12-month low of $56.11 and a 12-month high of $113.07.

Itron (NASDAQ:ITRI – Get Free Report) last released its quarterly earnings results on Thursday, August 01. The scientific and engineering instruments company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.96 by $0.25. Itron had a return on equity of 16.42% and a net margin of 7.98%. The company had revenue of $609.07 million during the quarter, compared to analyst estimates of $599.25 million. During the year-ago quarter, the company posted earnings per share of $0.65. Itron’s revenue increased 12.6% compared to the same quarter last year. Research analysts predict that Itron, Inc. will post earnings of 4.55 per share for the current year.

Changes in analyst ratings

Several analysts have recently weighed in on the company. Stephens reiterated an “equal weight” rating and gave a $110.00 price target on shares of Itron in a research note on Monday, August 5th. Guggenheim upgraded Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Thursday, July 11th. Robert W. Baird increased their price target on Itron from $115.00 to $123.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. TD Cowen increased their price target on shares of Itron from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Oppenheimer raised their price objective on shares of Itron from $110.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Four equities analysts have rated the stock with a hold rating and nine have given the company a buy rating. Based on data from MarketBeat.com, the firm has a consensus rating of “Moderate Buy” and a consensus price target of $117.20.

Check out our latest analysis on Itron

About Itron

(Free Report)

Itron, Inc., a technology, solutions and services company, provides end-to-end solutions that help manage energy, water and smart city operations worldwide. The company operates in three segments: Device Solutions, Networked Solutions and Outcomes. The Device Solutions segment offers hardware products used for metering, control or sensing, such as standard gas, electricity, water and communications meters, as well as heat and allocation products.

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