Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 267 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 267 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $79.60, for a total value of $21,253.20. Following the transaction, the senior vice president directly owned 25,011 shares in the company, valued at approximately $1,990,875.60. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 1.1%

Shares of ITRI stock traded up $0.93 during trading hours on Thursday, reaching $82.28. 376,875 shares of the company’s stock were exchanged, compared to its average volume of 937,478. The stock’s 50 day moving average is $88.85 and its 200-day moving average is $94.73. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.68 and a beta of 1.35. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts predict that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Itron

A number of large investors have recently made changes to their positions in the stock. Private Trust Co. NA boosted its holdings in Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Itron in the third quarter valued at $32,000. Optiver Holding B.V. purchased a new stake in Itron in the third quarter valued at $36,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Itron in the third quarter valued at $44,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ITRI shares. Needham & Company LLC started coverage on Itron in a research report on Friday, March 6th. They set a “buy” rating and a $124.00 price target on the stock. Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Itron in a research report on Wednesday. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Robert W. Baird set a $128.00 price objective on shares of Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.22.

Itron Company 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.