Itron Bundle
Who Owns Itron?
Understanding Itron's ownership is key to grasping its market strategy and accountability. Itron's journey began with an IPO on November 4, 1993, transitioning it to public ownership. Founded in 1977, the company focuses on efficient utility meter reading.
As of August 2025, Itron holds a market capitalization of $5.70 billion USD. This mid-cap company is a leader in scientific and technical instruments, offering solutions for energy and water resource management, including smart networks and meters, which are vital for utilities. A deeper look into its ownership structure reveals significant institutional backing and public shareholder influence.
The ownership of Itron, Inc. is primarily distributed among institutional investors, which collectively hold a substantial portion of the company's shares. As of recent filings, these institutions manage a significant percentage of the outstanding stock, indicating a strong influence on the company's governance and strategic decisions. This concentration of ownership among financial entities often reflects confidence in the company's long-term prospects and its role in sectors like smart grid technology. For a comprehensive understanding of the external factors impacting the company, an Itron PESTEL Analysis can provide valuable context.
Who Founded Itron?
Itron, Inc. was founded in 1977 in Hauser Lake, Idaho, by a group of engineers aiming to improve utility meter reading. Emerging as a spin-off from Washington Water Power Company, its early ownership structure details are not publicly disclosed, though Marcel Joseph Joseph and James Justice were among the founders.
| Founder(s) | Year Founded | Initial Focus | Origin |
|---|---|---|---|
| Marcel Joseph Joseph, James Justice, and other engineers | 1977 | Automated Meter Reading (AMR) technology | Spin-off from Washington Water Power Company |
Founding Vision
The company's inception was driven by a desire to replace manual, paper-based meter reading with more efficient computer and software solutions.
Early Technological Advancements
Itron's early efforts concentrated on developing automated meter reading (AMR) systems. The company shipped its first systems by 1980 and launched its first AMR system in 1991.
Initial Capitalization
Specific details regarding the initial capital and funding sources for Itron during its formative years are not publicly available.
Growth Drivers
The company's early expansion was propelled by its innovative approach to meter reading technology, which quickly gained market acceptance.
Founders' Contribution
The founding engineers' commitment to technological advancement laid the critical groundwork for Itron's subsequent growth and eventual public offering.
Company Evolution
This pioneering spirit and focus on technological solutions were instrumental in shaping Itron's trajectory towards becoming a leader in the industry.
The foundational period of Itron was marked by a strong emphasis on innovation in automated meter reading. This technological focus, coupled with the entrepreneurial drive of its founders, set the stage for the company's future development. A deeper dive into the company's origins can be found in the Brief History of Itron.
Key Early Milestones
Itron's early years were characterized by significant technological achievements that established its market presence.
- Shipment of first systems by 1980.
- Introduction of the first Automatic Meter Reading (AMR) system in 1991.
- Focus on developing computers and software for AMR.
- Foundation laid for future expansion and public listing.
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How Has Itron’s Ownership Changed Over Time?
Itron's journey to its current ownership structure began with its Initial Public Offering (IPO) on November 4, 1993. This pivotal event allowed the company to access capital for growth, transforming it from a smaller entity into a global supplier in its sector.
| Shareholder Type | Percentage Ownership (August 2025) | Key Holders (Examples) |
|---|---|---|
| Institutional Investors | 105.48% | BlackRock Advisors LLC, Vanguard Fiduciary Trust Co., Invesco Advisers, Inc. |
| Insider Ownership | 3.06% | Company Executives and Board Members |
| Mutual Funds | 84.33% (April 2025) | Various mutual fund entities |
As a publicly traded company on Nasdaq under the ticker ITRI, Itron's ownership is largely held by institutional and individual investors. The significant institutional ownership, exceeding 100% due to market practices, highlights substantial investor confidence. These major shareholders, including entities like BlackRock Advisors LLC and Vanguard Fiduciary Trust Co., play a crucial role in shaping the company's strategic direction through their investment and voting power. Understanding the Growth Strategy of Itron often involves analyzing the influence of these key stakeholders.
Key Itron Shareholders
Itron's shareholder base is dominated by institutional investors, reflecting its status as a publicly traded entity.
- BlackRock Advisors LLC is a significant institutional holder with 14.38% of shares.
- Vanguard Fiduciary Trust Co. holds 12.71% of Itron's stock.
- Invesco Advisers, Inc. owns 5.198% of the company's shares.
- Insider ownership, representing holdings by company executives and board members, accounts for 3.06%.
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Who Sits on Itron’s Board?
The Board of Directors at Itron is responsible for the company's strategic direction and corporate governance. As of August 11, 2025, Sheri Savage joined the board and the Audit/Finance Committee. Tom Deitrich serves as President and Chief Executive Officer, with Joan Hooper as Executive Vice President and Chief Financial Officer, as of April 2025.
| Director Name | Key Role | Committee Affiliation |
|---|---|---|
| Sheri Savage | Director | Audit/Finance Committee |
| Tom Deitrich | President and Chief Executive Officer | N/A |
| Joan Hooper | Executive Vice President and Chief Financial Officer | N/A |
Itron operates under a standard one-share-one-vote system, meaning voting power is directly tied to the number of shares held. There is no indication of dual-class shares or special voting rights that would concentrate control. Institutional investors, holding significant portions of the company's stock, collectively possess substantial voting power and can influence corporate decisions and governance practices. Recent SEC filings reflect changes in insider holdings, showing active management of personal stakes. While no major proxy battles or activist campaigns were prominent in 2024-2025, the high level of institutional ownership suggests consistent engagement in governance matters. Understanding Itron ownership and Itron company shareholders is key to grasping the company's direction.
Understanding Itron's Shareholder Landscape
Itron's ownership structure is primarily influenced by institutional investors due to their large shareholdings. This collective power allows them to significantly impact corporate decisions and governance.
- Itron company shareholders are diverse, with a strong presence of institutional investors.
- Voting power is distributed based on the number of shares owned, following a one-share-one-vote principle.
- Changes in insider holdings are regularly reported in SEC filings.
- The company's governance is subject to the influence of its major investors.
- For insights into the company's guiding principles, explore the Mission, Vision & Core Values of Itron.
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What Recent Changes Have Shaped Itron’s Ownership Landscape?
Over the past three to five years, Itron's ownership landscape has been dynamic, marked by significant institutional investor activity and strategic corporate actions. The company's market capitalization reached $5.70 billion USD as of August 2025, demonstrating a notable 25.34% increase over the preceding year. This growth underscores a positive trend in investor confidence and market valuation.
| Ownership Type | Percentage (August 2025) | Trend |
| Institutional Ownership | 105.48% | Robust, with slight quarterly fluctuations |
| Insider Ownership | 1.18% (May 2025) | Minor decrease from April 2025 (1.19%) |
Institutional investors maintain a substantial presence, with holdings at 105.48% as of August 2025. Quarterly filings reveal ongoing adjustments; for example, Algert Global LLC expanded its stake by 12.4% in Q1 2025, holding 203,021 shares valued at approximately $21.27 million. GeoWealth Management LLC and CoreCap Advisors LLC also modified their positions in late 2024 and early 2025. Insider ownership has seen a marginal dip, moving from 1.19% in April 2025 to 1.18% in May 2025, reflecting executive adjustments to their shareholdings.
Key Institutional Investor Activity
Algert Global LLC increased its Itron holdings by 12.4% in Q1 2025. Other firms like GeoWealth Management LLC and CoreCap Advisors LLC have also adjusted their investments recently.
Insider Ownership Trends
Insider ownership experienced a slight decrease from 1.19% in April 2025 to 1.18% in May 2025. This indicates minor adjustments by company executives in their personal shareholdings.
Strategic Acquisition for Growth
In March 2024, Itron acquired Elpis Squared, enhancing its Grid Edge Intelligence offerings. This move bolsters the company's capabilities in grid planning and operations.
Leadership and Performance Updates
Sheri Savage joined the Board of Directors effective August 11, 2025. The company's Q2 2025 financial results, announced July 31, 2025, provide insights into its ongoing financial performance and strategic direction.
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- What is Brief History of Itron Company?
- What is Competitive Landscape of Itron Company?
- What is Growth Strategy and Future Prospects of Itron Company?
- How Does Itron Company Work?
- What is Sales and Marketing Strategy of Itron Company?
- What are Mission Vision & Core Values of Itron Company?
- What is Customer Demographics and Target Market of Itron Company?
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