Itron, Inc. (NASDAQ:ITRI) Receives $131.33 Average PT from Brokerages

Shares of Itron, Inc. (NASDAQ:ITRI) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $131.3333.

ITRI has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Itron in a research note on Wednesday, May 20th. Robert W. Baird set a $125.00 target price on Itron in a research note on Wednesday, July 29th. TD Cowen decreased their price objective on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th.

Itron Price Performance

ITRI stock opened at $98.69 on Tuesday. Itron has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $4.32 billion, a P/E ratio of 16.48, a PEG ratio of 1.20 and a beta of 1.30. The business has a 50 day simple moving average of $90.88 and a 200-day simple moving average of $90.09.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same period in the prior year, the company earned $1.62 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities analysts anticipate that Itron will post 6.4 EPS for the current year.

Insider Transactions at Itron

In related news, SVP Donald L. Reeves III sold 286 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $97.83, for a total transaction of $27,979.38. Following the transaction, the senior vice president directly owned 28,521 shares in the company, valued at $2,790,209.43. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 4,406 shares of Itron stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $98.86, for a total value of $435,577.16. Following the completion of the transaction, the chief financial officer owned 117,113 shares of the company’s stock, valued at approximately $11,577,791.18. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 5,912 shares of company stock valued at $579,003. 1.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Itron

A number of hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 268 shares during the period. M&T Bank Corp boosted its holdings in Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after buying an additional 194 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 81 shares in the last quarter. Jump Financial LLC acquired a new position in Itron in the second quarter worth approximately $1,609,000. Finally, Cerity Partners LLC grew its holdings in shares of Itron by 10.2% in the 2nd quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Key Headlines Impacting Itron

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

About Itron

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.