Itron (NASDAQ:ITRI) SVP Sells $27,167.14 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 322 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $27,167.14. Following the completion of the sale, the senior vice president owned 24,689 shares in the company, valued at approximately $2,083,010.93. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Performance

ITRI stock traded up $0.86 during midday trading on Wednesday, reaching $85.30. 521,981 shares of the company were exchanged, compared to its average volume of 930,161. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The firm 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 business has a 50-day moving average price of $88.19 and a two-hundred day moving average price of $94.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

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

Itron News Summary

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.

Hedge Funds Weigh In On Itron

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings 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 worth $731,809,000 after purchasing an additional 132,329 shares in the last quarter. Impax Asset Management Group plc raised its stake in Itron by 127.3% in the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after purchasing an additional 890,040 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Itron by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after purchasing an additional 265,039 shares in the last quarter. Geode Capital Management LLC lifted its position in Itron by 0.6% during the fourth 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 purchasing an additional 6,598 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Itron by 6.0% during the third quarter. Handelsbanken Fonder AB now owns 999,882 shares of the scientific and technical instruments company’s stock worth $124,545,000 after buying an additional 56,318 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ITRI has been the subject of several research reports. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. Guggenheim set a $155.00 price objective on shares of Itron in a research report on Friday, February 13th. Oppenheimer raised their price objective on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Roth Mkm reiterated a “buy” rating and set a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. Finally, Raymond James Financial began coverage on shares of Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average 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.