Insider Selling: Itron (NASDAQ:ITRI) SVP Sells $32,699.49 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 331 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,699.49. Following the completion of the transaction, the senior vice president directly owned 12,683 shares of the company’s stock, valued at approximately $1,252,953.57. This trade represents a 2.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.4%

Shares of ITRI opened at $99.27 on Friday. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.30. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The stock’s 50-day moving average price is $91.99 and its 200-day moving average price is $90.03. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share 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 company had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same period last year, the business earned $1.62 earnings per share. Itron’s quarterly revenue 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. On average, sell-side analysts predict that Itron, Inc. will post 6.41 EPS for the current year.

Hedge Funds Weigh In On Itron

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Itron in the second quarter valued at about $299,000. California State Teachers Retirement System raised its position in shares of Itron by 7,889.6% during 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 purchasing an additional 4,342,586 shares during the last quarter. Readystate Asset Management LP purchased a new position in Itron in the 2nd quarter valued at about $1,809,000. AlphaGrep UK Ltd purchased a new position in Itron in the 2nd quarter valued at about $232,000. Finally, Raiffeisen Bank International AG boosted its holdings in Itron by 5.9% in the 2nd quarter. Raiffeisen Bank International AG now owns 250,000 shares of the scientific and technical instruments company’s stock worth $20,930,000 after buying an additional 14,000 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ITRI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Needham & Company LLC increased their price target on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird set a $125.00 price target on shares of Itron in a research report on Wednesday, July 29th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

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.