Itron (NASDAQ:ITRI) SVP Justin Patrick Sells 216 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 216 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $18,223.92. Following the sale, the senior vice president owned 32,709 shares in the company, valued at approximately $2,759,658.33. The trade was a 0.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 1.0%

Shares of Itron stock opened at $85.30 on Thursday. The stock’s 50-day moving average is $88.07 and its 200 day moving average is $93.96. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.74 and a beta of 1.35.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Oppenheimer upped their price target on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Roth Mkm reaffirmed a “buy” rating and set a $136.00 price target on shares of Itron in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Raymond James Financial assumed coverage on Itron in a research note on Tuesday, April 21st. They set an “underperform” rating on the stock. Finally, Robert W. Baird set a $128.00 price target on Itron and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Eight investment 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 MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and an average target price of $131.22.

Institutional Trading of Itron

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Itron by 2.3% in the third quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock worth $731,809,000 after purchasing an additional 132,329 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of Itron by 127.3% in the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock worth $197,153,000 after purchasing an additional 890,040 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Itron by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock worth $137,659,000 after purchasing an additional 265,039 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Itron by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock worth $106,340,000 after purchasing an additional 6,598 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Itron by 6.0% in the third quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after purchasing an additional 56,318 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, which expands its digital construction management platform and could strengthen its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 digital water meters and use Itron’s Temetra software to improve leak detection, conservation, and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including CFO Joan Hooper and multiple senior vice presidents, sold small blocks of stock this week. The company said the sales were tied to tax withholding on vested equity awards, which makes them less concerning than discretionary selling.
• Neutral Sentiment: The selling follows an extended pattern: Itron insiders have reported 39 open-market transactions over the past six months, and all of them were sales rather than purchases.
• Negative Sentiment: The cluster of insider sales may still pressure investor sentiment, especially since the stock has been trading below its 50-day and 200-day moving averages. Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 442 Shares of Stock

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.