Justin Patrick Sells 216 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 216 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $18,223.92. Following the completion of the transaction, the senior vice president directly owned 32,709 shares in the company, valued at $2,759,658.33. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Trading Down 2.0%

NASDAQ ITRI opened at $83.59 on Friday. 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 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $3.71 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35. The firm’s fifty day simple moving average is $87.89 and its 200-day simple moving average is $93.81.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Itron had a net margin of 12.31% and a return on equity of 19.54%. The business had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same period in the prior year, the business posted $1.52 earnings per share. Itron’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. As a group, sell-side analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron released a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron also expanded its collaboration with Hunter Water in Australia, with plans to deploy 2,000 digital water meters and use Temetra software to improve leak detection and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several executives, including CFO Joan Hooper and multiple senior vice presidents, sold small amounts of stock this week, but the company said the trades were related to equity-award tax withholding and a Rule 10b5-1 plan. Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 442 Shares of Stock
• Neutral Sentiment: Itron’s latest earnings report beat expectations, and analysts still maintain a Moderate Buy rating with a consensus price target well above the current trading range, which provides some fundamental support.
• Negative Sentiment: The cluster of insider sales may still be pressuring the shares, especially as ITRI continues to trade below its 50-day and 200-day moving averages, reinforcing a cautious near-term technical picture.

Institutional Investors Weigh In On Itron

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in Itron by 28.3% during the first quarter. California State Teachers Retirement System now owns 55,042 shares of the scientific and technical instruments company’s stock valued at $4,933,000 after acquiring an additional 12,154 shares during the period. Entropy Technologies LP boosted its holdings in Itron by 6.3% during the first quarter. Entropy Technologies LP now owns 8,278 shares of the scientific and technical instruments company’s stock valued at $742,000 after acquiring an additional 490 shares during the period. Renaissance Technologies LLC boosted its holdings in Itron by 10.1% during the first quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company’s stock valued at $41,388,000 after acquiring an additional 42,300 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Itron by 12.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock valued at $60,359,000 after acquiring an additional 73,020 shares during the period. Finally, Caxton Associates LLP bought a new stake in Itron during the first quarter valued at about $2,212,000. 96.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer increased their target price on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Raymond James Financial assumed coverage on shares of Itron in a research report on Tuesday, April 21st. They set an “underperform” rating on the stock. Robert W. Baird set a $128.00 target price on shares of Itron and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Eight investment 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

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.