Tema ETFs LLC Has $8.29 Million Stock Holdings in Itron, Inc. $ITRI

Tema ETFs LLC trimmed its holdings in Itron, Inc. (NASDAQ:ITRI) by 33.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,757 shares of the scientific and technical instruments company’s stock after selling 47,681 shares during the period. Tema ETFs LLC owned about 0.22% of Itron worth $8,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Private Trust Co. NA raised its holdings in shares of Itron by 112.4% in the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Itron during the 3rd quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in Itron by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Itron in the third quarter worth approximately $49,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Up 0.7%

Shares of NASDAQ:ITRI opened at $103.33 on Wednesday. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a market capitalization of $4.52 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 0.84 and a beta of 1.30. The business has a fifty day moving average price of $87.46 and a two-hundred day moving average price of $90.05. 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 released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. The company had revenue of $562.90 million for 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 business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Analysts forecast that Itron, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling

In other Itron news, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the sale, the chief financial officer owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the transaction, the senior vice president owned 29,100 shares in the company, valued at approximately $2,455,167. The trade was a 1.08% decrease in their ownership of the stock. 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 90 days, insiders sold 3,822 shares of company stock worth $314,303. Insiders own 1.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ITRI. Robert W. Baird set a $125.00 target price on Itron in a research report on Wednesday, July 29th. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Itron in a research note on Wednesday, May 20th. Seaport Research Partners reaffirmed a “buy” rating and set a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their target price on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Raymond James Financial assumed coverage on shares of Itron in a research report on Tuesday, April 21st. They set an “underperform” rating on the stock. Eight 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 currently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Itron Company 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.