Itron (NASDAQ:ITRI) SVP Sells $490,732.20 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 4,930 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $490,732.20. Following the sale, the senior vice president directly owned 34,344 shares in the company, valued at $3,418,601.76. This trade represents a 12.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Itron Stock Down 1.8%

Itron stock traded down $1.84 during trading hours on Monday, hitting $97.70. The stock had a trading volume of 522,620 shares, compared to its average volume of 759,610. The company has a quick ratio of 1.56, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.39 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.86 and a beta of 1.48. Itron, Inc. has a 12-month low of $88.57 and a 12-month high of $142.00. The stock’s 50-day moving average price is $97.72 and its 200-day moving average price is $109.93.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.27. The firm had revenue of $571.66 million for the quarter, compared to analysts’ expectations of $561.31 million. Itron had a net margin of 12.72% and a return on equity of 20.04%. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 earnings per share. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Equities research analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ITRI has been the topic of a number of research analyst reports. Oppenheimer upped their price target on Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 14th. Weiss Ratings downgraded shares of Itron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Argus reiterated a “hold” rating on shares of Itron in a research note on Tuesday, November 4th. Finally, Guggenheim set a $155.00 price objective on shares of Itron in a research report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Itron currently has an average rating of “Moderate Buy” and a consensus price target of $137.90.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ITRI. Impax Asset Management Group plc lifted its position in Itron by 127.3% during the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after purchasing an additional 890,040 shares in the last quarter. Norges Bank bought a new position in shares of Itron in the fourth quarter worth about $63,990,000. Soros Fund Management LLC purchased a new position in shares of Itron during the 4th quarter valued at about $34,843,000. Millennium Management LLC grew its stake in shares of Itron by 269.3% during the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock valued at $47,068,000 after acquiring an additional 369,617 shares during the period. Finally, Merewether Investment Management LP grew its stake in shares of Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock valued at $39,593,000 after acquiring an additional 282,587 shares during the period. 96.19% of the stock is currently owned by institutional investors.

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.