Itron (NASDAQ:ITRI) SVP Justin Patrick Sells 10,210 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 10,210 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $97.36, for a total transaction of $994,045.60. Following the sale, the senior vice president directly owned 22,065 shares in the company, valued at $2,148,248.40. This trade represents a 31.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Stock Up 1.5%

ITRI opened at $97.01 on Friday. The firm has a market capitalization of $4.25 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company has a fifty day moving average price of $93.71 and a 200-day moving average price of $89.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping 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 business had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same period in the previous year, the business earned $1.62 earnings per share. The firm’s revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts expect that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Itron

A number of large investors have recently added to or reduced their stakes in the business. Capital World Investors bought a new position in shares of Itron during the fourth quarter valued at about $10,460,000. Assenagon Asset Management S.A. lifted its stake in shares of Itron by 160.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company’s stock valued at $29,136,000 after acquiring an additional 207,416 shares during the last quarter. DNB Asset Management AS bought a new stake in shares of Itron in the 4th quarter valued at about $12,191,000. WINTON GROUP Ltd purchased a new stake in Itron during the 4th quarter valued at about $5,795,000. Finally, Fieldview Capital Management LLC boosted its holdings in Itron by 54.1% during the 4th quarter. Fieldview Capital Management LLC now owns 40,095 shares of the scientific and technical instruments company’s stock valued at $3,723,000 after acquiring an additional 14,079 shares during the period. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on ITRI shares. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Seaport Research Partners reissued a “buy” rating and issued a $150.00 target price on shares of Itron in a research note on Wednesday, July 29th. Needham & Company LLC raised their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $125.00 price objective on Itron in a report on Wednesday, July 29th. Finally, Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

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.