Grantham Mayo Van Otterloo & Co. LLC Grows Stock Holdings in Itron, Inc. $ITRI

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Itron, Inc. (NASDAQ:ITRI) by 81.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,100 shares of the scientific and technical instruments company’s stock after buying an additional 62,100 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.30% of Itron worth $17,202,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in 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 period. Amalgamated Bank raised its position in Itron by 0.7% during the third quarter. Amalgamated Bank now owns 13,060 shares of the scientific and technical instruments company’s stock valued at $1,627,000 after acquiring an additional 86 shares in the last quarter. PFG Investments LLC lifted its holdings in Itron by 4.8% in the third quarter. PFG Investments LLC now owns 2,059 shares of the scientific and technical instruments company’s stock valued at $256,000 after acquiring an additional 94 shares during the period. Elevation Point Wealth Partners LLC lifted its holdings in Itron by 3.5% in the second quarter. Elevation Point Wealth Partners LLC now owns 3,398 shares of the scientific and technical instruments company’s stock valued at $447,000 after acquiring an additional 115 shares during the period. Finally, Xponance Inc. boosted its position in Itron by 3.2% in the 3rd quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company’s stock worth $468,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analysts Set New Price Targets

ITRI has been the subject of several research reports. Wall Street Zen cut shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Needham & Company LLC started coverage on shares of Itron in a research note on Friday. They issued a “buy” rating and a $124.00 price target on the stock. Oppenheimer boosted their price target on shares of Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Guggenheim set a $155.00 price objective on shares of Itron in a research note on Friday, February 13th. Finally, Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.10.

Insider Buying and Selling at Itron

In other news, CFO Joan S. Hooper sold 3,533 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $95.92, for a total transaction of $338,885.36. Following the transaction, the chief financial officer directly owned 118,275 shares in the company, valued at $11,344,938. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David Marshall Wright sold 264 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $100.17, for a total transaction of $26,444.88. Following the completion of the sale, the chief accounting officer owned 9,124 shares of the company’s stock, valued at approximately $913,951.08. The trade was a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 51,180 shares of company stock valued at $5,085,475. Corporate insiders own 1.51% of the company’s stock.

Itron Price Performance

Itron stock opened at $91.25 on Monday. The stock has a market cap of $4.10 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company has a fifty day simple moving average of $97.48 and a 200-day simple moving average of $107.72. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45. Itron, Inc. has a 12-month low of $88.57 and a 12-month high of $142.00.

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