Justin Patrick Sells 222 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 222 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $21,931.38. Following the transaction, the senior vice president owned 32,275 shares in the company, valued at approximately $3,188,447.25. This trade represents a 0.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.0%

Shares of Itron stock traded up $0.04 during midday trading on Tuesday, reaching $98.73. 594,864 shares of the company’s stock traded hands, compared to its average volume of 879,926. 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, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The company’s 50 day simple moving average is $90.88 and its 200 day simple moving average is $90.09. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

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, topping analysts’ consensus estimates of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. Itron’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts expect that Itron, Inc. will post 6.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

ITRI has been the topic of a number of analyst reports. TD Cowen lowered 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. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Needham & Company LLC increased their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains broadly optimistic. Itron has a “Moderate Buy” consensus rating from eight Buy, four Hold and one Sell recommendation, with an average price target of $131.33—well above recent trading levels. Needham raised its target to $128, while Seaport Research Partners set a $150 target. Itron analyst ratings
• Positive Sentiment: Itron’s latest quarterly results exceeded expectations on earnings, reporting $1.59 per share versus the $1.29 consensus estimate. Management also guided for third-quarter 2026 EPS of $1.50–$1.60 and full-year EPS of $6.30–$6.50. Itron earnings and guidance
• Neutral Sentiment: Institutional ownership is high at 96.19%, and several large funds recently increased or initiated positions. That suggests continued institutional interest, although ownership changes do not necessarily indicate near-term buying pressure. Itron institutional ownership
• Negative Sentiment: CFO Joan S. Hooper sold 4,406 shares worth approximately $435,577, while several senior vice presidents and the chief accounting officer collectively sold 1,213 additional shares. The concentration of sales can weigh on sentiment, even though the executives retained substantial positions and identified tax withholding—not an open-market bearish bet—as the reason for the transactions. SEC insider transaction filing
• Negative Sentiment: Revenue in the latest quarter declined 7.2% year over year to $562.9 million, slightly below analyst expectations. This contraction may temper enthusiasm despite the earnings beat and current-year guidance. Itron quarterly results

Hedge Funds Weigh In On Itron

Large investors have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Itron during the 2nd quarter valued at approximately $299,000. California State Teachers Retirement System increased its position in Itron by 7,889.6% in the 2nd 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 buying an additional 4,342,586 shares during the period. Readystate Asset Management LP acquired a new position in shares of Itron during the second quarter worth approximately $1,809,000. AlphaGrep UK Ltd bought a new stake in shares of Itron in the second quarter valued at approximately $232,000. Finally, Raiffeisen Bank International AG boosted 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 acquiring an additional 14,000 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

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.