Itron, Inc. $ITRI Stake Decreased by Robeco Schweiz AG

Robeco Schweiz AG reduced its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 2.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,029,717 shares of the scientific and technical instruments company’s stock after selling 24,082 shares during the period. Itron makes up 1.6% of Robeco Schweiz AG’s investment portfolio, making the stock its 18th biggest position. Robeco Schweiz AG owned about 2.35% of Itron worth $88,906,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. purchased a new stake in Itron during the second quarter valued at about $35,000. Quantbot Technologies LP bought a new stake in Itron during the second quarter worth about $36,000. Integrated Wealth Concepts LLC purchased a new position in shares of Itron in the 2nd quarter worth about $36,000. Public Employees Retirement System of Ohio purchased a new position in shares of Itron in the 2nd quarter worth about $48,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Itron by 37.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 640 shares of the scientific and technical instruments company’s stock worth $55,000 after purchasing an additional 176 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Itron

In related news, SVP Donald L. Reeves III sold 283 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $99.99, for a total transaction of $28,297.17. Following the sale, the senior vice president owned 27,662 shares of the company’s stock, valued at $2,765,923.38. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Joan S. Hooper sold 455 shares of the company’s stock in a transaction dated 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 approximately $11,700,687.60. This trade 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. Insiders sold 17,903 shares of company stock valued at $1,753,521 over the last 90 days. 1.77% of the stock is owned by corporate insiders.

Itron Trading Down 0.6%

NASDAQ ITRI opened at $87.65 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The firm has a market capitalization of $3.84 billion, a PE ratio of 14.63, a P/E/G ratio of 1.05 and a beta of 1.32. The stock’s 50 day moving average is $91.57 and its 200 day moving average is $89.05.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 earnings per share. 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 6.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Zacks Research cut Itron from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings raised Itron from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. Needham & Company LLC increased 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. Robert W. Baird set a $125.00 price target on shares of Itron in a research note on Wednesday, July 29th. Finally, Seaport Research Partners restated a “buy” rating and issued a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.