Christopher Ware Sells 195 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Christopher Ware sold 195 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $16,452.15. Following the transaction, the senior vice president owned 30,311 shares of the company’s stock, valued at $2,557,339.07. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Trading Down 2.0%

Shares of ITRI stock opened at $83.59 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The stock has a market capitalization of $3.71 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35. The company has a 50 day moving average price of $87.89 and a 200 day moving average price of $93.81. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, beating 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 business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities research analysts predict that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Itron

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares in the last quarter. PFG Investments LLC raised its stake in shares of Itron by 4.8% during the third quarter. PFG Investments LLC now owns 2,059 shares of the scientific and technical instruments company’s stock valued at $256,000 after purchasing an additional 94 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Itron by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Xponance Inc. lifted its holdings in Itron by 3.2% in the third quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company’s stock worth $468,000 after purchasing an additional 115 shares during the period. Finally, Impact Partnership Wealth LLC increased its stake in Itron by 4.7% during the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock valued at $239,000 after buying an additional 119 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ITRI has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Raymond James Financial initiated coverage on shares of Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating for the company. Robert W. Baird set a $128.00 price target on shares of Itron and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and a consensus target price of $131.22.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron released a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron also expanded its collaboration with Hunter Water in Australia, with plans to deploy 2,000 digital water meters and use Temetra software to improve leak detection and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several executives, including CFO Joan Hooper and multiple senior vice presidents, sold small amounts of stock this week, but the company said the trades were related to equity-award tax withholding and a Rule 10b5-1 plan. Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 442 Shares of Stock
• Neutral Sentiment: Itron’s latest earnings report beat expectations, and analysts still maintain a Moderate Buy rating with a consensus price target well above the current trading range, which provides some fundamental support.
• Negative Sentiment: The cluster of insider sales may still be pressuring the shares, especially as ITRI continues to trade below its 50-day and 200-day moving averages, reinforcing a cautious near-term technical picture.

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.