Globeflex Capital L P Has $4.08 Million Stock Holdings in Itron, Inc. $ITRI

Globeflex Capital L P trimmed its stake in shares of Itron, Inc. (NASDAQ:ITRI) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,491 shares of the scientific and technical instruments company’s stock after selling 7,643 shares during the quarter. Globeflex Capital L P’s holdings in Itron were worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 81 shares during the period. Northwestern Mutual Wealth Management Co. raised 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 during the last quarter. Impact Partnership Wealth LLC lifted its position in shares of Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock worth $239,000 after purchasing an additional 119 shares during the period. Xponance LLC lifted its position in shares of Itron by 3.2% in the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock worth $360,000 after purchasing an additional 120 shares during the period. Finally, Private Trust Co. NA lifted its position 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 purchasing an additional 145 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Donald L. Reeves III sold 319 shares of the company’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 transaction, the senior vice president owned 29,100 shares in the company, valued at approximately $2,455,167. This represents a 1.08% decrease in their ownership of the stock. The sale 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 John F. Marcolini sold 322 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the transaction, the senior vice president directly owned 24,689 shares in the company, valued at $2,083,010.93. This trade represents a 1.29% 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. Over the last ninety days, insiders sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by company insiders.

Itron Price Performance

Itron stock opened at $83.21 on Thursday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.74 and a beta of 1.32. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The stock’s 50 day moving average price is $82.81 and its two-hundred day moving average price is $89.98. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. The company had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, equities analysts predict that Itron, Inc. will post 6.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James Financial started coverage on shares of Itron in a research report on Tuesday, April 21st. They set an “underperform” rating for the company. Stephens restated an “overweight” rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Roth Capital reaffirmed a “buy” rating and set a $136.00 price target on shares of Itron in a research report on Wednesday, April 29th. Oppenheimer increased their price target on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, TD Cowen lowered their price objective on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Itron has a consensus rating of “Hold” and a consensus target price of $131.22.

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.