Justin Patrick Sells 10,210 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 10,210 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $97.36, for a total transaction of $994,045.60. Following the transaction, the senior vice president owned 22,065 shares of the company’s stock, valued at $2,148,248.40. This trade represents a 31.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Price Performance

Shares of NASDAQ ITRI traded down $0.14 during mid-day trading on Friday, hitting $95.41. 314,175 shares of the stock traded hands, compared to its average volume of 855,783. The company has a market cap of $4.18 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The firm has a 50 day simple moving average of $93.45 and a two-hundred day simple moving average of $89.93.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities research analysts forecast that Itron, Inc. will post 6.41 EPS for the current fiscal year.

Analyst Ratings Changes

ITRI has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Seaport Research Partners restated a “buy” rating and set a $150.00 price objective on shares of Itron in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Finally, Stephens restated an “overweight” rating and set a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Employees Retirement System of Texas bought a new stake in Itron in the third quarter valued at $32,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Itron in the 2nd quarter valued at about $35,000. Quantbot Technologies LP bought a new stake in Itron in the 2nd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. raised its stake in Itron by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after buying an additional 101 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Itron during the 2nd quarter worth approximately $48,000. 96.19% of the stock is owned by institutional investors.

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.