Itron (NASDAQ:ITRI) Price Target Raised to $128.00

Itron (NASDAQ:ITRI) had its price target hoisted by Needham & Company LLC from $116.00 to $128.00 in a research note released on Wednesday morning, MarketBeat.com reports. The firm currently has a buy rating on the scientific and technical instruments company’s stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price target on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. TD Cowen dropped their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Oppenheimer upped their target price on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Zacks Research downgraded shares of Itron from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

Itron Trading Up 0.8%

Shares of NASDAQ:ITRI opened at $99.66 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.24 and a current ratio of 2.75. The stock’s 50-day moving average is $84.71 and its 200-day moving average is $89.89. The company has a market cap of $4.36 billion, a P/E ratio of 16.64, a P/E/G ratio of 0.81 and a beta of 1.32. Itron has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter in the previous year, the firm earned $1.62 EPS. The firm’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. Equities research analysts predict that Itron will post 6.44 earnings per share for the current year.

Insiders Place Their Bets

In other Itron news, SVP Donald L. Reeves III sold 319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares in the company, valued at approximately $2,455,167. This trade represents a 1.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the sale, the senior vice president directly owned 24,689 shares in the company, valued at $2,083,010.93. The trade was a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 3,946 shares of company stock worth $324,420. 1.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Itron

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 265,039 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Itron by 0.6% during 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 in the last quarter. First Trust Advisors LP increased its stake in Itron by 22.2% in the first quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock valued at $86,872,000 after acquiring an additional 176,053 shares during the period. Norges Bank bought a new stake in Itron in the fourth quarter valued at about $63,990,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Itron by 12.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after purchasing an additional 73,020 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

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.