Donald Reeves III Sells 286 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 286 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $97.83, for a total transaction of $27,979.38. Following the completion of the sale, the senior vice president owned 28,521 shares of the company’s stock, valued at approximately $2,790,209.43. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Itron stock opened at $98.73 on Wednesday. The stock has a market cap of $4.32 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.18 and a beta of 1.30. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average price is $91.23 and its two-hundred day moving average price is $90.07. 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 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. The business had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.Itron’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. 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 analysts predict that Itron, Inc. will post 6.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Seaport Research Partners reissued a “buy” rating and issued a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Robert W. Baird set a $125.00 target price on Itron in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Roth Capital restated a “buy” rating and set a $136.00 target price on shares of Itron in a research report on Wednesday, April 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 research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.33.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains broadly constructive on ITRI. Eight analysts rate the stock Buy, compared with four Holds and one Sell, with an average price target of $131.33—well above its recent trading level. Recent Buy ratings and target increases from Needham, Seaport Research Partners and Roth Capital reinforce the bullish outlook. Itron analyst ratings
• Positive Sentiment: Institutional ownership remains substantial at 96.19%. California State Teachers’ Retirement System sharply increased its position during the second quarter, while Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management also reported significant holdings or purchases. This institutional support may help underpin the stock. Itron institutional ownership
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data also shows an invalid percentage change, it offers little useful information about current bearish positioning or potential short-covering demand.
• Negative Sentiment: Several Itron executives recently sold shares, including CFO Joan S. Hooper’s sale of 4,406 shares on August 20 and an additional 455 shares on August 24. Multiple senior vice presidents and the chief accounting officer also sold smaller amounts. The filings state that the transactions covered tax-withholding obligations from vested equity awards, and the executives retained sizable positions, making the signal less concerning than open-market selling—but the cluster of sales could still pressure investor sentiment. Itron SEC insider-sale filing
• Negative Sentiment: The latest quarterly results showed strong EPS of $1.59 versus the $1.29 consensus estimate, but revenue declined 7.2% year over year to $562.9 million and fell slightly short of estimates. That softer revenue trend remains a fundamental risk despite the company’s maintained 2026 earnings guidance.

Institutional Trading of Itron

Hedge funds and other institutional investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Itron during the second quarter valued at approximately $299,000. California State Teachers Retirement System lifted its stake in Itron by 7,889.6% in the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock worth $380,527,000 after purchasing an additional 4,342,586 shares during the last quarter. Readystate Asset Management LP purchased a new stake in Itron during the second quarter valued at about $1,809,000. AlphaGrep UK Ltd bought a new position in shares of Itron during the second quarter valued at about $232,000. Finally, Raiffeisen Bank International AG grew its stake in shares of 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 valued at $20,930,000 after buying an additional 14,000 shares during the last quarter. Hedge funds and other 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.