Itron (NASDAQ:ITRI) SVP Sells 275 Shares

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 275 shares of Itron stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $97.83, for a total transaction of $26,903.25. Following the completion of the transaction, the senior vice president directly owned 13,014 shares in the company, valued at $1,273,159.62. This represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

ITRI stock traded down $0.91 on Monday, hitting $99.12. 34,560 shares of the company’s stock traded hands, compared to its average volume of 879,535. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.20 and a beta of 1.30. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average of $90.52 and a 200-day moving average of $90.11.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The firm had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same quarter in the previous year, the business posted $1.62 earnings per share. The firm’s quarterly revenue 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, analysts forecast that Itron, Inc. will post 6.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Itron

Institutional investors have recently modified their holdings of the stock. Employees Retirement System of Texas purchased a new stake in shares of Itron during the third quarter worth $32,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Itron during the 3rd quarter valued at about $49,000. EverSource Wealth Advisors LLC grew its stake in shares of Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 81 shares in the last quarter. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Itron in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.