Itron, Inc. (NASDAQ:ITRI) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its holdings in Itron, Inc. (NASDAQ:ITRI - Free Report) by 99.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,152 shares of the scientific and technical instruments company's stock after selling 2,999,985 shares during the period. Toronto Dominion Bank's holdings in Itron were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Continuum Advisory LLC lifted its stake in Itron by 42.1% in the third quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 102 shares during the last quarter. Quarry LP lifted its position in shares of Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company's stock worth $35,000 after purchasing an additional 122 shares during the last quarter. Covestor Ltd lifted its position in shares of Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock worth $57,000 after purchasing an additional 111 shares during the last quarter. Farther Finance Advisors LLC grew 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 worth $77,000 after purchasing an additional 129 shares in the last quarter. Finally, CWM LLC increased its holdings in Itron by 315.6% in the second quarter. CWM LLC now owns 881 shares of the scientific and technical instruments company's stock valued at $87,000 after buying an additional 669 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Wall Street Analysts Forecast Growth

ITRI has been the subject of several analyst reports. TD Cowen upped their price objective on Itron from $125.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. BNP Paribas initiated coverage on shares of Itron in a report on Thursday, September 5th. They set an "outperform" rating and a $133.00 price objective on the stock. Guggenheim boosted their price objective on shares of Itron from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Janney Montgomery Scott began coverage on shares of Itron in a research note on Friday, September 27th. They set a "buy" rating and a $131.00 price target on the stock. 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 research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.92.

Insider Activity at Itron

In other 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 transaction, the chief executive officer now directly owns 205,276 shares of the company's stock, valued at $21,519,083.08. This represents a 15.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.45% of the stock is owned by insiders.

Itron Stock Performance

Shares of ITRI stock traded down $1.41 during midday trading on Tuesday, hitting $111.58. The company had a trading volume of 585,364 shares, compared to its average volume of 513,996. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 0.86 and a beta of 1.46. 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 $113.04 and its 200 day simple moving average is $105.85. Itron, Inc. has a 52-week low of $67.21 and a 52-week high of $124.90.

Itron (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.71. The firm 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%. Itron's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. Research analysts anticipate that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Itron Company 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.