Itron (NASDAQ:ITRI) SVP Christopher Ware Sells 351 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Christopher Ware sold 351 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $43,983.81. Following the sale, the senior vice president directly owned 19,117 shares in the company, valued at approximately $2,395,551.27. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Itron Stock Down 0.1%

NASDAQ:ITRI opened at $123.93 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. Itron, Inc. has a 1-year low of $90.11 and a 1-year high of $140.04. The business’s fifty day moving average price is $130.50 and its 200 day moving average price is $115.52. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 0.68 and a beta of 1.35.

Itron (NASDAQ:ITRI) last issued its earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The company had revenue of $606.76 million for the quarter, compared to the consensus estimate of $610.36 million. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS. On average, sell-side analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Itron

Several institutional investors have recently bought and sold shares of the stock. Mariner LLC lifted its position in shares of Itron by 6.3% in the fourth quarter. Mariner LLC now owns 3,448 shares of the scientific and technical instruments company’s stock worth $374,000 after buying an additional 204 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Itron in the 4th quarter valued at approximately $229,000. Tower Research Capital LLC TRC lifted its holdings in Itron by 2,000.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,986 shares of the scientific and technical instruments company’s stock worth $650,000 after purchasing an additional 5,701 shares during the last quarter. Voya Investment Management LLC boosted its position in Itron by 12.1% during the fourth quarter. Voya Investment Management LLC now owns 98,856 shares of the scientific and technical instruments company’s stock worth $10,734,000 after purchasing an additional 10,673 shares during the period. Finally, Hancock Whitney Corp acquired a new position in Itron during the fourth quarter valued at approximately $220,000. 96.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ITRI has been the topic of a number of research reports. Wall Street Zen raised shares of Itron from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Johnson Rice downgraded Itron from a “buy” rating to an “accumulate” rating in a research note on Friday, August 1st. Stephens set a $130.00 target price on Itron in a research report on Monday, August 4th. Piper Sandler cut their price target on Itron from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, TD Cowen lifted their price target on Itron from $139.00 to $145.00 and gave the company a “buy” rating in a report on Friday, June 20th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

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.