Itron (NASDAQ:ITRI) SVP Sells $19,758.00 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Christopher Ware sold 200 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $19,758.00. Following the completion of the transaction, the senior vice president owned 29,916 shares in the company, valued at $2,955,401.64. This represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

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

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating 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 prior year, the business earned $1.62 EPS. The company’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. Research analysts anticipate that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Itron by 343.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 268 shares during the last quarter. M&T Bank Corp increased its position in Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after buying an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Itron by 25.3% during the second 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. Jump Financial LLC bought a new position in Itron during the second quarter valued at about $1,609,000. Finally, Cerity Partners LLC lifted its position in shares of Itron by 10.2% in the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after buying an additional 503 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Wall Street Analysts Forecast Growth

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