Itron (NASDAQ:ITRI) SVP Justin Patrick Sells 206 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 206 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $79.60, for a total transaction of $16,397.60. Following the transaction, the senior vice president directly owned 32,925 shares of the company’s stock, valued at $2,620,830. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Trading Up 1.1%

Shares of NASDAQ:ITRI traded up $0.93 during mid-day trading on Thursday, reaching $82.28. 376,875 shares of the company were exchanged, compared to its average volume of 937,478. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.68 and a beta of 1.35. The firm’s 50-day simple moving average is $88.85 and its 200 day simple moving average is $94.73. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The firm had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities research analysts forecast that Itron, Inc. will post 6.01 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Itron in a research report on Wednesday. TD Cowen decreased their price target on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Guggenheim set a $155.00 price target on shares of Itron in a research report on Friday, February 13th. Finally, Needham & Company LLC assumed coverage on shares of Itron in a research report on Friday, March 6th. They issued a “buy” rating and a $124.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Institutional Investors Weigh In On Itron

Institutional investors have recently modified their holdings of the company. Private Trust Co. NA lifted its position in shares of Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 145 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Itron during the 3rd quarter worth $32,000. Optiver Holding B.V. purchased a new stake in shares of Itron during the 3rd quarter worth $36,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Itron by 29.5% during 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 last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Itron during the 3rd quarter worth $44,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.