Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 206 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 206 shares of Itron stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $79.60, for a total transaction of $16,397.60. Following the sale, the senior vice president owned 32,925 shares in the company, valued at $2,620,830. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 1.1%

NASDAQ:ITRI traded up $0.93 during midday trading on Thursday, hitting $82.28. 376,875 shares of the company were exchanged, compared to its average volume of 937,478. The company has a fifty day simple moving average of $88.85 and a 200 day simple moving average of $94.73. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $3.65 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35.

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

Institutional Investors Weigh In On Itron

Several hedge funds have recently modified their holdings of ITRI. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares during the period. M&T Bank Corp lifted its holdings in shares of Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 worth $53,000 after acquiring an additional 81 shares during the period. Jump Financial LLC acquired a new position in shares of Itron during the second quarter worth about $1,609,000. Finally, Cerity Partners LLC increased its stake in shares of Itron by 10.2% during the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after acquiring an additional 503 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ITRI shares. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Itron in a research note on Wednesday. Oppenheimer lifted their price objective on shares of Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. TD Cowen dropped their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Robert W. Baird set a $128.00 price objective on shares of Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average price target of $131.22.

About Itron

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.