Itron (NASDAQ:ITRI) SVP John Marcolini Sells 267 Shares

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 267 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $79.60, for a total transaction of $21,253.20. Following the completion of the sale, the senior vice president directly owned 25,011 shares in the company, valued at approximately $1,990,875.60. The trade was a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

NASDAQ:ITRI traded up $0.93 during mid-day trading on Thursday, hitting $82.28. The company’s stock had a trading volume of 376,875 shares, compared to its average volume of 937,478. The business’s fifty day moving average is $88.85 and its two-hundred day moving average is $94.73. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.68 and a beta of 1.35. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts anticipate that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ITRI has been the subject of a number of analyst reports. Raymond James Financial initiated coverage on shares of Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. TD Cowen decreased their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Itron in a research report on Wednesday. Finally, Oppenheimer upped their price target on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.22.

Institutional Investors Weigh In On Itron

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. Private Trust Co. NA boosted its stake in Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 145 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Itron in the 3rd quarter valued at about $32,000. Optiver Holding B.V. acquired a new stake in Itron in the 3rd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. raised its holdings in Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after acquiring an additional 101 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Itron in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

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.