Itron, Inc. (NASDAQ:ITRI – Get Free Report) SVP Laurie Ann Pulatie-Hahn sold 174 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $14,680.38. Following the completion of the sale, the senior vice president owned 32,295 shares in the company, valued at $2,724,729.15. This represents a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Laurie Ann Pulatie-Hahn also recently made the following trade(s):
- On Wednesday, May 20th, Laurie Ann Pulatie-Hahn sold 181 shares of Itron stock. The shares were sold at an average price of $79.60, for a total transaction of $14,407.60.
- On Monday, May 11th, Laurie Ann Pulatie-Hahn sold 124 shares of Itron stock. The shares were sold at an average price of $81.59, for a total transaction of $10,117.16.
Itron Stock Up 1.0%
Shares of NASDAQ:ITRI opened at $85.30 on Thursday. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The company’s fifty day moving average is $88.07 and its 200-day moving average is $93.96. The company has a market capitalization of $3.78 billion, a PE ratio of 13.60, a P/E/G ratio of 0.74 and a beta of 1.35.
Key Headlines Impacting Itron
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 Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. DLD Asset Management LP lifted its position in Itron by 49.9% during the 3rd quarter. DLD Asset Management LP now owns 63,400 shares of the scientific and technical instruments company’s stock valued at $7,897,000 after purchasing an additional 21,100 shares during the period. Thrivent Financial for Lutherans lifted its position in Itron by 78.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 77,488 shares of the scientific and technical instruments company’s stock valued at $9,653,000 after purchasing an additional 34,027 shares during the period. Elo Mutual Pension Insurance Co acquired a new position in Itron during the 3rd quarter valued at about $1,672,000. J. Safra Sarasin Holding AG acquired a new position in Itron during the 3rd quarter valued at about $4,673,000. Finally, Peregrine Capital Management LLC lifted its position in Itron by 19.3% during the 4th quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock valued at $9,609,000 after purchasing an additional 16,742 shares during the period. 96.19% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ITRI has been the topic of several research reports. TD Cowen reduced their price target 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 price target on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Raymond James Financial initiated coverage on shares of Itron in a research report on Tuesday, April 21st. They set an “underperform” rating on the stock. Guggenheim set a $155.00 price target on shares of Itron in a research report on Friday, February 13th. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Itron in a research report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and an average target price of $131.22.
Get Our Latest Analysis on Itron
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.
Featured Stories
- Five stocks we like better than Itron
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.
