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

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

Itron Trading Up 1.5%

Shares of Itron stock opened at $97.01 on Friday. The business has a fifty day simple moving average of $93.71 and a 200-day simple moving average of $89.98. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.16 and a beta of 1.33. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same period in the previous year, the company earned $1.62 earnings per share. Itron’s 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, equities analysts forecast that Itron, Inc. will post 6.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Robert W. Baird set a $125.00 target price on shares of Itron in a report on Wednesday, July 29th. Zacks Research upgraded shares of Itron from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report 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. Finally, Needham & Company LLC raised their price objective on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, Itron has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in shares of Itron by 7,889.6% in the 2nd quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock valued at $380,527,000 after acquiring an additional 4,342,586 shares in the last quarter. Norges Bank purchased a new position in Itron during the 4th quarter worth approximately $63,990,000. Jupiter Topco LLC acquired a new stake in Itron during the 2nd quarter valued at $42,466,000. Soros Fund Management LLC purchased a new stake in shares of Itron in the fourth quarter valued at $34,843,000. Finally, Millennium Management LLC boosted its position in shares of Itron by 269.3% in the fourth quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock worth $47,068,000 after buying an additional 369,617 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.