Itron (NASDAQ:ITRI) SVP Christopher Ware Sells 195 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Christopher Ware sold 195 shares of the company’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 $16,452.15. Following the completion of the transaction, the senior vice president owned 30,311 shares in the company, valued at $2,557,339.07. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of NASDAQ ITRI opened at $85.30 on Thursday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.74 and a beta of 1.35. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The stock’s 50-day simple moving average is $88.07 and its two-hundred day simple moving average is $93.96. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to analyst estimates of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities analysts anticipate that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Trending Headlines about 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

Hedge Funds Weigh In On Itron

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Itron by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock valued at $731,809,000 after purchasing an additional 132,329 shares during the last quarter. Impax Asset Management Group plc grew its position in Itron by 127.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock worth $197,153,000 after acquiring an additional 890,040 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock worth $137,659,000 after acquiring an additional 265,039 shares during the last quarter. Geode Capital Management LLC grew its position in Itron by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company’s stock worth $106,340,000 after acquiring an additional 6,598 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Itron by 6.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after acquiring an additional 56,318 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Oppenheimer increased their price objective on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. Finally, Raymond James Financial started coverage on Itron in a research report on Tuesday, April 21st. They set an “underperform” rating on the stock. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.22.

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.