Itron, Inc. (NASDAQ:ITRI) Stock Has Consensus Target Price of $131.33

Itron, Inc. (NASDAQ:ITRI) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $131.33.

Several research analysts have commented on ITRI shares. Robert W. Baird set a $125.00 price objective on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC lifted their target price on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Seaport Research Partners reiterated a “buy” rating and issued a $150.00 target price on shares of Itron in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Itron from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday.

Insider Activity

In other Itron news, SVP John F. Marcolini sold 331 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,699.49. Following the completion of the sale, the senior vice president owned 12,683 shares of the company’s stock, valued at $1,252,953.57. This trade represents a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Justin Patrick sold 10,210 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total transaction of $994,045.60. Following the sale, the senior vice president directly owned 22,065 shares of the company’s stock, valued at $2,148,248.40. This represents a 31.63% 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. In the last ninety days, insiders sold 17,903 shares of company stock worth $1,753,521. Insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Itron

A number of large investors have recently modified their holdings of ITRI. Capital World Investors purchased a new position in shares of Itron during the 4th quarter worth $10,460,000. Assenagon Asset Management S.A. grew its stake in shares of Itron by 160.4% in the second quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company’s stock valued at $29,136,000 after buying an additional 207,416 shares in the last quarter. Readystate Asset Management LP purchased a new stake in Itron during the second quarter worth about $1,809,000. Fieldview Capital Management LLC boosted its position in Itron by 54.1% in the 4th quarter. Fieldview Capital Management LLC now owns 40,095 shares of the scientific and technical instruments company’s stock valued at $3,723,000 after buying an additional 14,079 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Itron by 12.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after purchasing an additional 73,020 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Trading Up 1.2%

Itron stock opened at $86.62 on Wednesday. Itron has a 1 year low of $77.77 and a 1 year high of $142.00. The firm’s 50 day moving average price is $94.47 and its 200-day moving average price is $89.22. 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 stock has a market cap of $3.79 billion, a P/E ratio of 12.09, a PEG ratio of 1.03 and a beta of 1.32.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. Itron’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 analysts predict that Itron will post 6.41 earnings per share for the current fiscal year.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) provides technology and services that help utilities and cities manage electricity, natural gas, and water resources. Its solutions are designed to improve the measurement, collection, and analysis of usage data while supporting grid modernization, operational efficiency, and resource conservation.

The company’s offerings include smart meters, advanced metering infrastructure, communications networks, sensors, data-management software, and analytics platforms.