Itron, Inc. (NASDAQ:ITRI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $131.2222.

ITRI has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Raymond James Financial initiated coverage on Itron in a report on Tuesday, April 21st. They set an “underperform” rating on the stock. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Guggenheim set a $155.00 price target on Itron in a research note on Friday, February 13th. Finally, Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Itron in a research note on Wednesday, May 20th.

Insider Activity

In other news, SVP John F. Marcolini sold 322 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the transaction, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares in the company, valued at $9,911,618.86. This trade represents a 0.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,946 shares of company stock valued at $324,420 over the last 90 days. 1.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Itron

Several large investors have recently made changes to their positions in ITRI. Private Trust Co. NA lifted its stake in shares of Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 145 shares during the period. Employees Retirement System of Texas acquired a new position in Itron in the third quarter valued at about $32,000. Optiver Holding B.V. acquired a new position in Itron in the third quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 101 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Itron in the third quarter valued at about $44,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Stock Performance

Shares of NASDAQ:ITRI opened at $81.80 on Thursday. The business’s fifty day moving average price is $86.54 and its two-hundred day moving average price is $92.93. Itron has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.33. 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 announced its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. The company had revenue of $586.98 million for the quarter, compared to analysts’ expectations of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, analysts predict that Itron will post 6.01 EPS for the current fiscal year.

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.