Itron, Inc. $ITRI Shares Sold by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC lowered its position in shares of Itron, Inc. (NASDAQ:ITRI) by 23.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,156 shares of the scientific and technical instruments company’s stock after selling 52,356 shares during the quarter. Itron accounts for 1.3% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 26th largest holding. Cramer Rosenthal Mcglynn LLC owned 0.37% of Itron worth $21,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ITRI. Impax Asset Management Group plc lifted its position in Itron by 127.3% in the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after purchasing an additional 890,040 shares during the period. Norges Bank acquired a new stake in shares of Itron in the 2nd quarter valued at approximately $71,727,000. Merewether Investment Management LP boosted its stake in shares of Itron by 1,552.7% in the second quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock valued at $39,593,000 after buying an additional 282,587 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Itron by 21.2% during the second quarter. Handelsbanken Fonder AB now owns 943,564 shares of the scientific and technical instruments company’s stock worth $124,201,000 after acquiring an additional 165,300 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Itron by 63.0% in the third quarter. Assenagon Asset Management S.A. now owns 406,018 shares of the scientific and technical instruments company’s stock worth $50,574,000 after acquiring an additional 156,891 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Performance

NASDAQ:ITRI opened at $91.22 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.10 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. The firm has a 50-day moving average price of $97.59 and a two-hundred day moving average price of $108.21. Itron, Inc. has a twelve month low of $88.57 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.19 by $0.27. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business had revenue of $571.66 million for the quarter, compared to analyst estimates of $561.31 million. During the same period in the prior year, the business earned $1.35 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. As a group, research analysts expect that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Oppenheimer increased their price target on shares of Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Robert W. Baird set a $128.00 price objective on shares of Itron and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Wall Street Zen cut shares of Itron from a “buy” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Johnson Rice upgraded shares of Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Monday, January 5th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.56.

Insider Activity at Itron

In other news, SVP John F. Marcolini sold 6,948 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $691,603.92. Following the sale, the senior vice president directly owned 26,912 shares in the company, valued at $2,678,820.48. This represents a 20.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donald L. Reeves III sold 5,419 shares of Itron stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $99.54, for a total value of $539,407.26. Following the sale, the senior vice president owned 33,140 shares of the company’s stock, valued at approximately $3,298,755.60. This represents a 14.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,180 shares of company stock valued at $5,085,475 in the last ninety days. 1.45% of the stock is owned by insiders.

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.