Glenmede Trust Co. NA Trims Stake in Itron, Inc. $ITRI

Glenmede Trust Co. NA reduced its position in shares of Itron, Inc. (NASDAQ:ITRI) by 15.0% in the first quarter, Holdings Channel reports. The firm owned 30,017 shares of the scientific and technical instruments company’s stock after selling 5,313 shares during the period. Glenmede Trust Co. NA’s holdings in Itron were worth $2,690,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ITRI. California State Teachers Retirement System boosted its stake in Itron by 28.3% during the first quarter. California State Teachers Retirement System now owns 55,042 shares of the scientific and technical instruments company’s stock valued at $4,933,000 after buying an additional 12,154 shares during the period. Entropy Technologies LP increased its stake in Itron by 6.3% in the 1st quarter. Entropy Technologies LP now owns 8,278 shares of the scientific and technical instruments company’s stock worth $742,000 after acquiring an additional 490 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Itron by 10.1% in the 1st quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company’s stock valued at $41,388,000 after acquiring an additional 42,300 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 valued at $60,359,000 after acquiring an additional 73,020 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of Itron during the 1st quarter valued at about $2,212,000. Institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

ITRI has been the subject of several recent analyst reports. Roth Capital reissued a “buy” rating and set a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Needham & Company LLC upped their target price on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Insider Activity

In related news, CFO Joan S. Hooper sold 442 shares of the stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president directly owned 29,100 shares of the company’s stock, valued at $2,455,167. This represents a 1.08% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 3,946 shares of company stock valued at $324,420. Corporate insiders own 1.77% of the company’s stock.

Itron Stock Performance

NASDAQ:ITRI opened at $106.29 on Wednesday. The business has a 50 day moving average of $85.50 and a 200 day moving average of $89.90. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.83 and a beta of 1.30. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00. 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 issued its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.30. The business had revenue of $562.90 million for the quarter, compared to analysts’ expectations of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the business 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. On average, sell-side analysts predict that Itron, Inc. will post 6.43 earnings per share for the current fiscal year.

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.