Itron (NASDAQ:ITRI) SVP Sells $20,624.40 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 255 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $80.88, for a total value of $20,624.40. Following the completion of the transaction, the senior vice president directly owned 29,419 shares in the company, valued at approximately $2,379,408.72. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Stock Performance

NASDAQ:ITRI traded up $0.72 during mid-day trading on Friday, hitting $82.57. 280,277 shares of the company traded hands, compared to its average volume of 933,867. The stock’s fifty day moving average price is $88.63 and its 200-day moving average price is $94.60. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data 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. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same quarter last year, the company earned $1.52 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Research analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ITRI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Guggenheim set a $155.00 price objective on shares of Itron in a research report on Friday, February 13th. Oppenheimer upped their target price on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Raymond James Financial began coverage on Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating for the company. Finally, JPMorgan Chase & Co. decreased their price target on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Itron has a consensus rating of “Moderate Buy” and an average target price of $131.22.

Institutional Investors Weigh In On Itron

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Itron by 2.3% in the third quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock worth $731,809,000 after buying an additional 132,329 shares in the last quarter. Impax Asset Management Group plc grew its stake 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 acquiring an additional 890,040 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Itron by 20.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after acquiring an additional 265,039 shares during the last quarter. Geode Capital Management LLC increased its holdings in Itron by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock valued at $106,340,000 after acquiring an additional 6,598 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Itron by 6.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after purchasing an additional 56,318 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

More Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Stephens reiterated an Overweight rating on Itron and maintained a $130 target, suggesting meaningful upside versus recent trading levels. Stephens reaffirms Overweight on Itron
• Neutral Sentiment: Several executives, including SVP Laurie Ann Pulatie-Hahn and CFO Joan S. Hooper, sold small amounts of stock, but the company said the transactions were primarily to cover tax withholding tied to equity award vesting. SEC filing for insider sale
• Negative Sentiment: Zacks Research cut multiple future earnings estimates for Itron, including sharp reductions for Q4 2027 and FY2027, which may be weighing on sentiment by signaling softer profit expectations ahead. Zacks Research estimate cuts for Itron

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.