Braun Stacey Associates Inc. trimmed its position in Itron by 5.2% during the third quarter, selling 11,185 shares and ending the period with 205,919 shares. At quarter end, Braun Stacey’s holding represented approximately 0.45% of Itron’s outstanding stock, valued at roughly $25.65 million. This reduction contrasts with several smaller funds that added to their exposure: Twin Peaks Wealth Advisors initiated a $30,000 position in Q2, Bessemer Group more than doubled its stake to 255 shares, and Northwestern Mutual Wealth Management increased its holding by 343.6% to 346 shares. Hedge funds and other institutional investors collectively own over 96% of Itron’s shares, underscoring the company’s reliance on large-scale holders for liquidity and market support.

Itron’s consensus sentiment remains positive but tempered. Nine research firms maintain Buy ratings while five have assigned Hold recommendations, resulting in a “Moderate Buy” consensus. Stephens elevated its view to Overweight with a price target of $130, Weiss Ratings reaffirmed a Buy (b-) assessment, and Argus issued a Hold. Conversely, Robert W. Baird lowered its target to $118 and Zacks Research downgraded the stock from Strong-Buy to Hold. These divergent stances highlight uncertainty around Itron’s growth trajectory, with some analysts focused on the company’s expanding software and services backlog and others concerned about near-term revenue pressure in its hardware segment.

In its latest quarter, Itron reported adjusted EPS of $1.54, surpassing consensus by $0.06, and revenue of $581.6 million, slightly above analysts’ $578.5 million estimate. Net margin stood at 10.7% and return on equity at 17.8%, though revenue declined 5.5% year-over-year amid delayed meter deployments in key utility markets. Management set full-year guidance at $6.84–$6.94 in EPS and Q4 guidance at $2.15–$2.25, reflecting anticipated improvement in project execution and software subscription growth. Analysts project approximately $5.33 in EPS for the current fiscal year, driven by a shift toward higher-margin services and the gradual resumption of meter installations.

Senior vice presidents John Marcolini and Donald Reeves III each sold roughly 550 shares in late November, reducing their individual holdings by 3.8% and 2.7%, respectively. Combined insider dispositions totaled 2,971 shares for proceeds of approximately $287,000 over the past three months. Insider ownership now stands at 1.45% of the company’s total shares outstanding, a level that suggests limited insider conviction but is consistent with typical executive diversification strategies.