Itron (NASDAQ:ITRI) SVP Justin Patrick Sells 216 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 216 shares of Itron stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $18,223.92. Following the completion of the sale, the senior vice president directly owned 32,709 shares in the company, valued at approximately $2,759,658.33. The trade was a 0.66% decrease in their position. The transaction was disclosed in a legal filing 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.

Itron Trading Up 1.0%

Shares of NASDAQ ITRI traded up $0.86 during trading hours on Wednesday, hitting $85.30. 521,981 shares of the company traded hands, compared to its average volume of 930,161. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35. 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’s 50 day moving average price is $88.19 and its 200 day moving average price is $94.11. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same quarter in the previous year, the company posted $1.52 EPS. The company’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. On average, equities research analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. DLD Asset Management LP increased its holdings in shares of Itron by 49.9% in the third 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 increased its holdings in shares of Itron by 78.3% in the third 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 purchased a new stake in shares of Itron in the third quarter worth about $1,672,000. J. Safra Sarasin Holding AG purchased a new stake in shares of Itron in the third quarter worth about $4,673,000. Finally, Peregrine Capital Management LLC boosted its stake in shares of Itron by 19.3% in the fourth quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock worth $9,609,000 after buying an additional 16,742 shares during the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

More Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening 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 Itron digital water meters and use Temetra software to improve leak detection, water conservation, and network efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including the CFO and multiple senior vice presidents, sold small amounts of stock this week. The company said the sales were made to cover tax withholding obligations tied to vested equity awards, which makes the transactions less concerning than open-market selling for investment reasons.
• Neutral Sentiment: The insider activity is still worth watching because Itron insiders have sold shares repeatedly over the past six months, with no reported open-market purchases in that period.
• Negative Sentiment: Despite the positive contract news, the cluster of insider sales may weigh on sentiment and reinforce caution after the stock’s weaker recent trend.

Analysts Set New Price Targets

ITRI has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Oppenheimer upped their target price on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. lowered their target price on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Roth Mkm restated a “buy” rating and set a $136.00 price objective on shares of Itron in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.