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

Tema Etfs LLC boosted its holdings in Itron, Inc. (NASDAQ:ITRI) by 34.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,026 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,800 shares during the period. Itron comprises about 1.5% of Tema Etfs LLC’s investment portfolio, making the stock its 15th biggest holding. Tema Etfs LLC’s holdings in Itron were worth $5,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Itron by 52.5% during the second quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after acquiring an additional 427 shares during the last quarter. Hsbc Holdings PLC lifted its position in Itron by 42.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,610 shares of the scientific and technical instruments company’s stock valued at $3,277,000 after purchasing an additional 9,461 shares during the last quarter. Schroder Investment Management Group boosted its stake in Itron by 23.6% during the 2nd quarter. Schroder Investment Management Group now owns 376,087 shares of the scientific and technical instruments company’s stock valued at $49,504,000 after purchasing an additional 71,702 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Itron by 12.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,073 shares of the scientific and technical instruments company’s stock worth $3,569,000 after purchasing an additional 3,813 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Itron in the 2nd quarter worth about $377,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ITRI has been the topic of a number of recent analyst reports. Wall Street Zen raised Itron from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Itron in a report on Monday. JPMorgan Chase & Co. lifted their target price on Itron from $145.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Oppenheimer set a $145.00 price target on Itron and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Argus reissued a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.00.

Itron Price Performance

NASDAQ ITRI opened at $99.16 on Friday. Itron, Inc. has a 12 month low of $90.11 and a 12 month high of $142.00. The firm 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 company’s 50 day simple moving average is $114.35 and its 200 day simple moving average 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 (NASDAQ:ITRI) last released its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. Itron had a return on equity of 17.82% and a net margin of 10.69%.The firm had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. During the same period in the prior year, the firm posted $1.84 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. 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, equities research analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 948 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the sale, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. This 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 this hyperlink. Also, SVP Donald L. Reeves III sold 536 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total transaction of $51,729.36. Following the transaction, the senior vice president owned 19,068 shares of the company’s stock, valued at approximately $1,840,252.68. This trade represents a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,971 shares of company stock valued at $286,731. Corporate insiders own 1.45% of the company’s stock.

About Itron

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.