Itron (NASDAQ:ITRI) SVP Sells $28,297.17 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 283 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $99.99, for a total transaction of $28,297.17. Following the completion of the transaction, the senior vice president owned 27,662 shares of the company’s stock, valued at approximately $2,765,923.38. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Stock Performance

Shares of ITRI opened at $97.53 on Friday. The business’s fifty day simple moving average is $92.32 and its two-hundred day simple moving average is $90.08. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.19 and a beta of 1.30.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same quarter last year, the company earned $1.62 EPS. The company’s quarterly 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. Research analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ITRI. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Robert W. Baird set a $125.00 price target on shares of Itron in a report on Wednesday, July 29th. Seaport Research Partners reiterated a “buy” rating and issued a $150.00 price target on shares of Itron in a research note on Wednesday, July 29th. Needham & Company LLC boosted their price objective on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ITRI. Employees Retirement System of Texas purchased a new position in Itron in the third quarter worth about $32,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Itron during the 2nd quarter valued at about $35,000. Quantbot Technologies LP purchased a new stake in shares of Itron during the 2nd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Itron in the 2nd quarter worth approximately $48,000. Institutional investors own 96.19% of the company’s stock.

Itron Company Profile

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.