Itron (NASDAQ:ITRI) SVP Donald Reeves III Sells 293 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 293 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $84.50, for a total transaction of $24,758.50. Following the transaction, the senior vice president owned 28,807 shares of the company’s stock, valued at approximately $2,434,191.50. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Stock Down 1.3%

Shares of Itron stock traded down $1.12 during trading hours on Thursday, reaching $84.18. 424,343 shares of the company’s stock were exchanged, compared to its average volume of 923,331. The company has a 50 day moving average of $88.07 and a two-hundred day moving average of $93.96. 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 stock has a market cap of $3.73 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.74 and a beta of 1.35.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.26 by $0.23. The company had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, sell-side analysts forecast that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ITRI has been the subject of several research reports. TD Cowen cut their price objective on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Roth Mkm restated a “buy” rating and set a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. 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. Finally, Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Eight 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. According to MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $131.22.

Institutional Investors Weigh In On Itron

A number of hedge funds and other institutional investors have recently modified their holdings of ITRI. Private Trust Co. NA lifted its holdings in shares of Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 145 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Itron during the third quarter worth $32,000. Optiver Holding B.V. acquired a new stake in shares of Itron during the third quarter worth $36,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Itron in the third quarter valued at about $44,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron released a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency and software offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron also expanded its collaboration with Hunter Water in Australia, which will deploy 2,000 digital water meters and use Itron’s Temetra software to improve leak detection and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several insiders sold small blocks of stock at around $84.37, but the company said the trades were to cover tax obligations related to equity awards, making them more routine than bearish.
• Neutral Sentiment: Analysts remain constructive overall, with a consensus “Moderate Buy” rating and a price target above current trading levels, though the stock is still below its 50-day and 200-day moving averages.
• Negative Sentiment: The biggest negative catalyst is the wave of insider selling across Itron’s executive ranks, which may be pressuring investor confidence despite being non-open-market-related in some cases. Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 442 Shares of Stock

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.