Itron (NASDAQ:ITRI) CAO David Marshall Wright Sells 104 Shares

Itron, Inc. (NASDAQ:ITRI) CAO David Marshall Wright sold 104 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $10,037.04. Following the completion of the sale, the chief accounting officer owned 7,581 shares in the company, valued at approximately $731,642.31. This trade represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Itron Stock Up 0.2%

Shares of Itron stock traded up $0.21 during trading hours on Tuesday, reaching $96.98. 1,110,135 shares of the company’s stock were exchanged, compared to its average volume of 687,927. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $118.11 and a two-hundred day moving average of $122.55. The stock has a market cap of $4.44 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.76 and a beta of 1.52. Itron, Inc. has a fifty-two week low of $90.11 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.48 by $0.06. The firm had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $578.49 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. On average, sell-side analysts forecast that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ITRI shares. Robert W. Baird reissued a “neutral” rating and issued a $118.00 target price (down from $137.00) on shares of Itron in a research note on Friday, October 31st. Stephens upgraded shares of Itron from an “equal weight” rating to an “overweight” rating and set a $130.00 price target for the company in a research note on Monday, November 3rd. Argus restated a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Baird R W cut shares of Itron from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Itron in a report on Wednesday, November 19th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Institutional Trading of Itron

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC acquired a new position in Itron in the 2nd quarter valued at about $30,000. Employees Retirement System of Texas bought a new stake in shares of Itron during the third quarter worth approximately $32,000. Bessemer Group Inc. grew its position in shares of Itron by 125.7% in the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 142 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Itron in the third quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Itron during the third quarter worth approximately $42,000. Institutional investors own 96.19% of the company’s stock.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.