Tema Etfs LLC Has $6.38 Million Holdings in Itron, Inc. $ITRI

Tema Etfs LLC grew its stake in Itron, Inc. (NASDAQ:ITRI) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,206 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,180 shares during the period. Tema Etfs LLC owned 0.11% of Itron worth $6,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ITRI. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Itron in the second quarter valued at approximately $30,000. Bessemer Group Inc. boosted its position in Itron by 125.7% in the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 142 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Itron in the 3rd quarter valued at $42,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 268 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 81 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Itron news, CFO Joan S. Hooper sold 948 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the transaction, the chief financial officer directly owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher E. Ware sold 343 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $33,102.93. Following the completion of the sale, the senior vice president owned 18,774 shares of the company’s stock, valued at $1,811,878.74. This trade represents a 1.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,971 shares of company stock worth $286,731 over the last 90 days. 1.45% of the stock is currently owned by corporate insiders.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $99.31 on Monday. The firm’s 50 day simple moving average is $97.95 and its 200 day simple moving average is $117.17. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 0.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.91.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.48 by $0.06. The firm had revenue of $581.63 million during the quarter, compared to the consensus estimate of $578.49 million. Itron had a net margin of 10.69% and a return on equity of 17.82%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 earnings per share. Itron has set its FY 2025 guidance at 6.840-6.940 EPS and its Q4 2025 guidance at 2.150-2.250 EPS. As a group, sell-side analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ITRI. Oppenheimer set a $145.00 price target on Itron and gave the company an “outperform” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Itron in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Baird R W lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Finally, Stephens raised shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 target price for the company in a report on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.10.

About Itron

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.