Itron (NASDAQ:ITRI) SVP John Marcolini Sells 322 Shares

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 322 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $27,167.14. Following the transaction, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of ITRI opened at $85.30 on Thursday. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35. The business has a 50-day moving average of $88.07 and a 200-day moving average of $93.96.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The company had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. During the same period last year, the company earned $1.52 earnings per share. The firm’s revenue 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, equities research analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ITRI shares. Robert W. Baird set a $128.00 price objective on Itron and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Needham & Company LLC assumed coverage on Itron in a report on Friday, March 6th. They issued a “buy” rating and a $124.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Finally, Oppenheimer lifted their target price on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.22.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, which expands its digital construction management platform and could strengthen its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 digital water meters and use Itron’s Temetra software to improve leak detection, conservation, and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including CFO Joan Hooper and multiple senior vice presidents, sold small blocks of stock this week. The company said the sales were tied to tax withholding on vested equity awards, which makes them less concerning than discretionary selling.
• Neutral Sentiment: The selling follows an extended pattern: Itron insiders have reported 39 open-market transactions over the past six months, and all of them were sales rather than purchases.
• Negative Sentiment: The cluster of insider sales may still pressure investor sentiment, especially since the stock has been trading below its 50-day and 200-day moving averages. Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 442 Shares of Stock

Institutional Investors Weigh In On Itron

A number of hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 81 shares during the last quarter. PFG Investments LLC boosted its position in shares of Itron by 4.8% during the third quarter. PFG Investments LLC now owns 2,059 shares of the scientific and technical instruments company’s stock valued at $256,000 after buying an additional 94 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 101 shares during the last quarter. Xponance Inc. boosted its position in shares of Itron by 3.2% during the third quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company’s stock valued at $468,000 after buying an additional 115 shares during the last quarter. Finally, Impact Partnership Wealth LLC boosted its position in shares of Itron by 4.7% during the first quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock valued at $239,000 after buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

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.