NewEdge Advisors LLC Decreases Holdings in Itron, Inc. $ITRI

Key Points

• NewEdge Advisors cut its Itron holdings by 46.7% in the second quarter, selling 11,825 shares and retaining 13,488 shares valued at approximately $1.17 million. Institutional investors collectively own 96.19% of Itron.
• Itron reported quarterly EPS of $1.59, exceeding estimates of $1.29, while revenue of $562.9 million fell short of expectations and declined 7.2% year over year. The company guided for fiscal 2026 EPS of $6.30–$6.50.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $131.33 versus the stock’s recent price of $90.37.

NewEdge Advisors LLC reduced its position in Itron, Inc. (NASDAQ:ITRI - Free Report) by 46.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,488 shares of the scientific and technical instruments company's stock after selling 11,825 shares during the period. NewEdge Advisors LLC's holdings in Itron were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ITRI. Impact Partnership Wealth LLC grew its stake in shares of Itron by 4.7% during the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company's stock valued at $239,000 after purchasing an additional 119 shares during the period. Two Sigma Securities LLC lifted its holdings in Itron by 5.2% during the second quarter. Two Sigma Securities LLC now owns 3,937 shares of the scientific and technical instruments company's stock valued at $341,000 after purchasing an additional 195 shares in the last quarter. Personal CFO Solutions LLC raised its stake in Itron by 8.3% during the 1st quarter. Personal CFO Solutions LLC now owns 2,727 shares of the scientific and technical instruments company's stock valued at $244,000 after purchasing an additional 208 shares during the period. ProShare Advisors LLC boosted its position in shares of Itron by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 8,840 shares of the scientific and technical instruments company's stock worth $821,000 after acquiring an additional 272 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Itron by 0.4% during the 1st quarter. Swiss National Bank now owns 90,600 shares of the scientific and technical instruments company's stock worth $8,120,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 96.19% of the company's stock.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $90.37 on Monday. The company's 50 day moving average is $95.38 and its 200 day moving average is $89.73. The company has a market cap of $3.96 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.09 and a beta of 1.33. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.29 by $0.30. The business had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 EPS. 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 forecast that Itron, Inc. will post 6.41 EPS for the current year.

Wall Street Analyst Weigh In

ITRI has been the subject of a number of recent analyst reports. Seaport Research Partners reaffirmed a "buy" rating and set a $150.00 price target on shares of Itron in a research note on Wednesday, July 29th. Robert W. Baird set a $125.00 price target on Itron in a report on Wednesday, July 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Itron in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Itron from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 27th. Finally, Needham & Company LLC upped their target price on Itron from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Itron currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

Insider Activity at Itron

In other news, SVP John Marcolini sold 331 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,699.49. Following the transaction, the senior vice president owned 12,683 shares in the company, valued at $1,252,953.57. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 455 shares of Itron stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $44,949.45. Following the completion of the sale, the chief financial officer directly owned 118,440 shares in the company, valued at $11,700,687.60. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 17,903 shares of company stock worth $1,753,521 in the last ninety days. 1.77% of the stock is owned by company insiders.

About Itron

Itron, Inc develops technology and services that help utilities manage electricity, natural gas and water resources. Its solutions are designed to improve the measurement, delivery and use of energy and water while supporting operational efficiency, system reliability and sustainability initiatives.

The company's offerings include smart meters, advanced metering infrastructure, communications networks, meter data management software, analytics and utility-focused cloud services. Itron also provides solutions for distributed energy resources, demand response, grid optimization, public lighting and industrial Internet of Things applications.

Founded in 1977, Itron serves electric, gas and water utilities, municipalities and other organizations in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America.

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