Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 212 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 212 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $97.83, for a total value of $20,739.96. Following the completion of the transaction, the senior vice president directly owned 32,497 shares in the company, valued at approximately $3,179,181.51. This represents a 0.65% 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 sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

NASDAQ:ITRI traded down $0.91 during mid-day trading on Monday, hitting $99.12. 34,560 shares of the company traded hands, compared to its average volume of 879,535. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average price is $90.52 and its 200-day moving average price is $90.11. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. Itron, Inc. has a one year low of $77.77 and a one year 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 EPS 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 firm had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. During the same quarter last year, the company earned $1.62 earnings per share. The business’s revenue for the quarter 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. Research analysts anticipate that Itron, Inc. will post 6.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Robert W. Baird set a $125.00 price target on shares of Itron in a research report on Wednesday, July 29th. 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. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th. Seaport Research Partners reiterated a “buy” rating and issued a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Institutional Trading of Itron

Institutional investors have recently modified their holdings of the stock. Employees Retirement System of Texas acquired a new position in shares of Itron during the 3rd quarter worth about $32,000. PenderFund Capital Management Ltd. purchased a new stake in Itron during the 2nd quarter worth approximately $35,000. Quantbot Technologies LP acquired a new position in shares of Itron during the second quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Itron by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after acquiring an additional 101 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Itron in the second quarter valued at approximately $48,000. 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.