Justin Patrick Sells 212 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 212 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $97.83, for a total value of $20,739.96. Following the completion of the sale, the senior vice president owned 32,497 shares of the company’s stock, valued at $3,179,181.51. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.0%

Shares of ITRI stock opened at $98.73 on Wednesday. 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 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The business’s fifty day moving average is $91.23 and its 200-day moving average is $90.07. The stock has a market cap of $4.32 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

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

More Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains broadly constructive on ITRI. Eight analysts rate the stock Buy, compared with four Holds and one Sell, with an average price target of $131.33—well above its recent trading level. Recent Buy ratings and target increases from Needham, Seaport Research Partners and Roth Capital reinforce the bullish outlook. Itron analyst ratings
• Positive Sentiment: Institutional ownership remains substantial at 96.19%. California State Teachers’ Retirement System sharply increased its position during the second quarter, while Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management also reported significant holdings or purchases. This institutional support may help underpin the stock. Itron institutional ownership
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data also shows an invalid percentage change, it offers little useful information about current bearish positioning or potential short-covering demand.
• Negative Sentiment: Several Itron executives recently sold shares, including CFO Joan S. Hooper’s sale of 4,406 shares on August 20 and an additional 455 shares on August 24. Multiple senior vice presidents and the chief accounting officer also sold smaller amounts. The filings state that the transactions covered tax-withholding obligations from vested equity awards, and the executives retained sizable positions, making the signal less concerning than open-market selling—but the cluster of sales could still pressure investor sentiment. Itron SEC insider-sale filing
• Negative Sentiment: The latest quarterly results showed strong EPS of $1.59 versus the $1.29 consensus estimate, but revenue declined 7.2% year over year to $562.9 million and fell slightly short of estimates. That softer revenue trend remains a fundamental risk despite the company’s maintained 2026 earnings guidance.

Hedge Funds Weigh In On Itron

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Employees Retirement System of Texas acquired a new stake in Itron during the 3rd quarter valued at $32,000. PenderFund Capital Management Ltd. acquired a new position in Itron during the second quarter valued at $35,000. Quantbot Technologies LP purchased a new stake in Itron in the 2nd quarter worth about $36,000. Northwestern Mutual Wealth Management Co. boosted its position in Itron by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 101 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Itron during the 2nd quarter worth about $48,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Roth Capital reiterated a “buy” rating and issued a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Seaport Research Partners reissued a “buy” rating and set a $150.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Finally, Needham & Company LLC increased their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Eight equities research 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

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.