Itron, Inc. $ITRI Stock Sold by Robeco Schweiz AG

Robeco Schweiz AG cut its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,717 shares of the scientific and technical instruments company’s stock after selling 24,082 shares during the quarter. Itron comprises approximately 1.6% of Robeco Schweiz AG’s portfolio, making the stock its 18th biggest position. Robeco Schweiz AG’s holdings in Itron were worth $88,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ITRI. Jupiter Topco LLC bought a new position in Itron in the 2nd quarter worth about $42,466,000. Legal & General Group Plc purchased a new stake in Itron during the 2nd quarter valued at about $29,108,000. Dimensional Fund Advisors LP increased its stake in Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after purchasing an additional 265,039 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Itron during the 2nd quarter valued at about $20,755,000. Finally, Bank of America Corp DE bought a new stake in Itron during the 2nd quarter valued at about $20,220,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Activity at Itron

In related news, SVP Justin K. Patrick sold 10,210 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total transaction of $994,045.60. Following the transaction, the senior vice president owned 22,065 shares in the company, valued at $2,148,248.40. This represents a 31.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joan S. Hooper sold 455 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $44,949.45. Following the completion of the sale, the chief financial officer owned 118,440 shares in the company, valued at $11,700,687.60. This represents a 0.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 17,903 shares of company stock valued at $1,753,521. Insiders own 1.77% of the company’s stock.

Itron Trading Down 0.6%

Itron stock opened at $87.65 on Friday. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The business’s fifty day moving average is $91.57 and its 200 day moving average is $89.05. The stock has a market capitalization of $3.84 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. The business had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%. Itron’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, sell-side analysts predict that Itron, Inc. will post 6.41 EPS for the current year.

Wall Street Analyst Weigh In

ITRI has been the subject of several recent analyst reports. Robert W. Baird set a $125.00 target price on shares of Itron in a report on Wednesday, July 29th. Seaport Research Partners reiterated a “buy” rating and set a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC raised their price target on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Zacks Research lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Finally, Weiss Ratings raised Itron from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Itron currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Itron Company Profile

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.