Itron (NASDAQ:ITRI) SVP Sells $21,931.38 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 222 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $21,931.38. Following the completion of the transaction, the senior vice president directly owned 32,275 shares of the company’s stock, valued at approximately $3,188,447.25. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.4%

Shares of Itron stock opened at $99.27 on Friday. The firm’s 50 day moving average price is $91.99 and its 200-day moving average price is $90.03. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a market cap of $4.35 billion, a P/E ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.30.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue for the quarter 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, sell-side analysts predict that Itron, Inc. will post 6.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on ITRI shares. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Needham & Company LLC boosted their target price on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Seaport Research Partners reaffirmed a “buy” rating and set a $150.00 price target on shares of Itron in a research report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.33.

Hedge Funds Weigh In On Itron

A number of institutional investors and hedge funds have recently modified their holdings of the company. Employees Retirement System of Texas purchased a new stake in Itron during the third quarter worth approximately $32,000. PenderFund Capital Management Ltd. acquired a new stake in Itron during the 2nd quarter worth approximately $35,000. Quantbot Technologies LP purchased a new position in Itron during the 2nd quarter worth $36,000. Northwestern Mutual Wealth Management Co. lifted its position in Itron by 29.5% in 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 during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Itron in the second quarter valued at approximately $48,000. Institutional investors and hedge funds 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.