Itron, Inc. $ITRI Shares Acquired by Tema Etfs LLC

Tema Etfs LLC increased its holdings in shares of Itron, Inc. (NASDAQ:ITRI) by 34.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,026 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,800 shares during the period. Itron accounts for about 1.5% of Tema Etfs LLC’s holdings, making the stock its 15th biggest holding. Tema Etfs LLC owned approximately 0.09% of Itron worth $5,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in shares of Itron by 2.7% during the first quarter. Invesco Ltd. now owns 2,310,769 shares of the scientific and technical instruments company’s stock worth $242,076,000 after purchasing an additional 59,962 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Itron by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,109,851 shares of the scientific and technical instruments company’s stock valued at $146,107,000 after buying an additional 21,925 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of Itron by 21.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 943,564 shares of the scientific and technical instruments company’s stock valued at $124,201,000 after buying an additional 165,300 shares during the period. Amundi lifted its position in Itron by 18.4% during the 1st quarter. Amundi now owns 929,407 shares of the scientific and technical instruments company’s stock worth $97,313,000 after acquiring an additional 144,361 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Itron by 2.6% in the 2nd quarter. First Trust Advisors LP now owns 757,719 shares of the scientific and technical instruments company’s stock worth $99,739,000 after acquiring an additional 19,476 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Trading Up 0.8%

ITRI opened at $99.16 on Friday. The stock has a market capitalization of $4.54 billion, a PE ratio of 17.83, a P/E/G ratio of 0.48 and a beta of 1.52. The firm’s fifty day moving average price is $114.35 and its 200 day moving average price is $121.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.91. Itron, Inc. has a 12-month low of $90.11 and a 12-month high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.06. The company had revenue of $581.63 million during the quarter, compared to analyst estimates of $578.49 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.84 EPS. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. As a group, research analysts expect that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Joan S. Hooper sold 948 shares of Itron stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the transaction, the chief financial officer owned 87,446 shares in the company, valued at approximately $8,439,413.46. This trade represents a 1.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Justin K. Patrick sold 379 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $36,577.29. Following the completion of the sale, the senior vice president owned 20,382 shares of the company’s stock, valued at $1,967,066.82. This trade represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,971 shares of company stock valued at $286,731. 1.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ITRI has been the subject of several recent research reports. Zacks Research downgraded shares of Itron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price for the company in a research note on Monday, November 3rd. Wall Street Zen raised shares of Itron from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $118.00 price objective (down from $137.00) on shares of Itron in a research report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.00.

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.