Tema ETFs LLC Decreases Stake in Itron, Inc. $ITRI

Tema ETFs LLC reduced its position in Itron, Inc. (NASDAQ:ITRI) by 33.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 95,757 shares of the scientific and technical instruments company’s stock after selling 47,681 shares during the period. Tema ETFs LLC’s holdings in Itron were worth $8,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Itron by 20.9% in the first 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 during the period. Geode Capital Management LLC lifted its position in shares of Itron by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock worth $106,340,000 after acquiring an additional 6,598 shares in the last quarter. First Trust Advisors LP grew its position in shares of Itron by 22.2% in the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock valued at $86,872,000 after purchasing an additional 176,053 shares in the last quarter. Norges Bank purchased a new stake in Itron during the 4th quarter worth about $63,990,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Itron by 12.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after purchasing an additional 73,020 shares during the period. Institutional investors own 96.19% of the company’s stock.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the sale, the senior vice president directly owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This trade represents a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,822 shares of company stock worth $314,303 over the last ninety days. Insiders own 1.77% of the company’s stock.

Itron Trading Up 0.7%

NASDAQ ITRI opened at $103.33 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $87.46 and its two-hundred day simple moving average is $90.05. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 0.84 and a beta of 1.30.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts forecast that Itron, Inc. will post 6.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ITRI. Raymond James Financial began coverage on shares of Itron in a report on Tuesday, April 21st. They set an “underperform” rating on the stock. Seaport Research Partners restated a “buy” rating and set a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. Roth Capital reiterated a “buy” rating and issued a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. Finally, Needham & Company LLC boosted their target price on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and an average price target of $131.33.

Itron Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.