Itron (NASDAQ:ITRI) SVP Justin Patrick Sells 212 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 212 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $97.83, for a total transaction of $20,739.96. Following the completion of the sale, the senior vice president directly owned 32,497 shares in the company, valued at approximately $3,179,181.51. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of ITRI opened at $98.69 on Tuesday. The business’s 50-day moving average is $90.88 and its two-hundred day moving average is $90.09. The company has a market capitalization of $4.32 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.20 and a beta of 1.30. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Research analysts predict that Itron, Inc. will post 6.4 earnings per share for the current year.

Hedge Funds Weigh In On Itron

Several hedge funds and other institutional investors have recently modified their holdings of ITRI. California State Teachers Retirement System boosted its position in Itron by 7,889.6% during the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock worth $380,527,000 after acquiring an additional 4,342,586 shares during the last quarter. Readystate Asset Management LP purchased a new position in Itron in the 2nd quarter worth approximately $1,809,000. AlphaGrep UK Ltd acquired a new position in shares of Itron during the 2nd quarter worth approximately $232,000. Raiffeisen Bank International AG grew its position in shares of Itron by 5.9% in the second quarter. Raiffeisen Bank International AG now owns 250,000 shares of the scientific and technical instruments company’s stock valued at $20,930,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Itron in the second quarter valued at approximately $211,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ITRI shares. Robert W. Baird set a $125.00 price objective on shares of Itron in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Seaport Research Partners reiterated a “buy” rating and set a $150.00 target price on shares of Itron in a research report on Wednesday, July 29th. Finally, Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

Itron News Summary

Here are the key news stories impacting Itron this week:

• Neutral Sentiment: CFO Joan S. Hooper sold 4,406 shares for approximately $435,577, while six senior vice presidents and the chief accounting officer collectively sold another 1,213 shares for about $118,667. The executives retained substantial holdings after the transactions, which limits the signal that management is broadly reducing its exposure. SEC Form 4 filing
• Negative Sentiment: The cluster of insider-sale disclosures may pressure investor sentiment and contribute to weakness in ITRI, particularly because the sales occurred near $98 per share. Still, the tax-withholding explanation makes the transactions less concerning than open-market sales reflecting a negative view of the business. SEC Form 4 filing

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.