Itron (NASDAQ:ITRI) SVP Sells $26,903.25 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 275 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $97.83, for a total value of $26,903.25. Following the completion of the sale, the senior vice president directly owned 13,014 shares of the company’s stock, valued at $1,273,159.62. This represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Down 0.9%

Shares of ITRI traded down $0.91 during trading hours on Monday, hitting $99.12. 34,560 shares of the company were exchanged, compared to its average volume of 879,535. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The company has a market cap of $4.34 billion, a PE ratio of 16.55, a PEG ratio of 1.20 and a beta of 1.30. The firm’s 50 day moving average is $90.52 and its 200-day moving average is $90.11. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $566.34 million. During the same period last year, the business earned $1.62 EPS. The firm’s 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. On average, equities research analysts forecast that Itron, Inc. will post 6.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ITRI. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Robert W. Baird set a $125.00 price target on Itron in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Seaport Research Partners reissued a “buy” rating and set a $150.00 price objective on shares of Itron in a research report on Wednesday, July 29th. Finally, Needham & Company LLC increased their target price on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Eight investment 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.com, Itron has an average rating of “Moderate Buy” and an average target price of $131.33.

Institutional Investors Weigh In On Itron

Several hedge funds have recently made changes to their positions in ITRI. California State Teachers Retirement System increased its stake in Itron by 7,889.6% during the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock valued at $380,527,000 after acquiring an additional 4,342,586 shares during the period. Readystate Asset Management LP acquired a new position in shares of Itron in the second quarter valued at $1,809,000. AlphaGrep UK Ltd bought a new position in Itron in the second quarter worth $232,000. Raiffeisen Bank International AG boosted its stake in Itron by 5.9% during the second quarter. Raiffeisen Bank International AG now owns 250,000 shares of the scientific and technical instruments company’s stock worth $20,930,000 after buying an additional 14,000 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in Itron in the 2nd quarter valued at $211,000. Institutional investors own 96.19% of the company’s stock.

About Itron

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.