Itron, Inc. (NASDAQ:ITRI) Receives $131.33 Consensus Target Price from Analysts

Itron, Inc. (NASDAQ:ITRI) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $131.3333.

A number of equities research analysts have recently issued reports on the stock. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Itron in a research note on Wednesday, May 20th. Robert W. Baird set a $125.00 target price on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC boosted their target price on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Zacks Research upgraded Itron from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th.

Insider Buying and Selling at Itron

In related news, CFO Joan S. Hooper sold 455 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $44,949.45. Following the sale, the chief financial officer directly owned 118,440 shares of the company’s stock, valued at $11,700,687.60. This represents a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 283 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $99.99, for a total transaction of $28,297.17. Following the sale, the senior vice president owned 27,662 shares in the company, valued at approximately $2,765,923.38. This trade represents a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,903 shares of company stock valued at $1,753,521 over the last three months. 1.77% of the stock is currently owned by company insiders.

Institutional Trading of Itron

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC raised its position in Itron by 13.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 39,348 shares of the scientific and technical instruments company’s stock valued at $3,405,000 after purchasing an additional 4,743 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Itron during the second quarter worth about $36,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Itron during the second quarter worth approximately $299,000. California State Teachers Retirement System increased its stake in shares of Itron by 7,889.6% during the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock worth $380,527,000 after buying an additional 4,342,586 shares during the period. Finally, Readystate Asset Management LP acquired a new stake in Itron in the second quarter valued at approximately $1,809,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron Stock Down 1.8%

Shares of NASDAQ ITRI opened at $91.89 on Friday. The company has a market capitalization of $4.02 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.12 and a beta of 1.33. 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 company has a 50 day simple moving average of $94.82 and a 200-day simple moving average of $89.84. Itron has a 1 year low of $77.77 and a 1 year high of $142.00.

Itron (NASDAQ:ITRI) last issued 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. The company had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $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. On average, equities research analysts predict that Itron will post 6.41 earnings per share for the current year.

About Itron

Itron, Inc develops technology and services that help utilities manage electricity, natural gas and water resources. Its solutions are designed to improve the measurement, delivery and use of energy and water while supporting operational efficiency, system reliability and sustainability initiatives.

The company’s offerings include smart meters, advanced metering infrastructure, communications networks, meter data management software, analytics and utility-focused cloud services. Itron also provides solutions for distributed energy resources, demand response, grid optimization, public lighting and industrial Internet of Things applications.

Founded in 1977, Itron serves electric, gas and water utilities, municipalities and other organizations in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America.