Robeco Schweiz AG Raises Stake in Itron, Inc. $ITRI

Robeco Schweiz AG boosted its stake in Itron, Inc. (NASDAQ:ITRI) by 31.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 372,176 shares of the scientific and technical instruments company’s stock after purchasing an additional 88,504 shares during the quarter. Robeco Schweiz AG owned approximately 0.81% of Itron worth $46,358,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, SVP Donald L. Reeves III sold 536 shares of Itron stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $51,729.36. Following the sale, the senior vice president directly owned 19,068 shares in the company, valued at approximately $1,840,252.68. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joan S. Hooper sold 948 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the transaction, the chief financial officer owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. This represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,971 shares of company stock worth $286,731. Insiders own 1.51% of the company’s stock.

Analyst Upgrades and Downgrades

ITRI has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $118.00 price target (down previously from $137.00) on shares of Itron in a report on Friday, October 31st. Oppenheimer set a $145.00 price target on shares of Itron and gave the stock an “outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Baird R W cut Itron from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Weiss Ratings lowered Itron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.10.

Itron Price Performance

Shares of Itron stock opened at $99.28 on Wednesday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 0.54 and a beta of 1.49. Itron, Inc. has a one year low of $90.11 and a one year high of $142.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.91. The business’s 50 day simple moving average is $97.61 and its two-hundred day simple moving average is $116.68.

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

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.