Itron (NASDAQ:ITRI) SVP Donald Reeves III Sells 319 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 319 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $26,914.03. Following the completion of the transaction, the senior vice president directly owned 29,100 shares in the company, valued at approximately $2,455,167. The trade was a 1.08% 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 this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

NASDAQ ITRI opened at $85.30 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The stock’s fifty day moving average price is $88.07 and its 200 day moving average price is $93.96. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.74 and a beta of 1.35.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) 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 period in the prior year, the firm earned $1.52 EPS. The firm’s revenue was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities research analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on ITRI shares. Raymond James Financial started coverage on Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating on the stock. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Guggenheim set a $155.00 target price on Itron in a research report on Friday, February 13th. Robert W. Baird set a $128.00 target price on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Eight 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.22.

Institutional Investors Weigh In On Itron

Several hedge funds have recently added to or reduced their stakes in ITRI. DLD Asset Management LP lifted its position in shares of Itron by 49.9% during the 3rd 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 buying an additional 21,100 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Itron by 78.3% during the 3rd 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 buying an additional 34,027 shares in the last quarter. Elo Mutual Pension Insurance Co purchased a new position in Itron in the 3rd quarter valued at about $1,672,000. J. Safra Sarasin Holding AG purchased a new position in Itron in the 3rd quarter valued at about $4,673,000. Finally, Peregrine Capital Management LLC lifted its stake in Itron by 19.3% in the 4th quarter. Peregrine Capital Management LLC now owns 103,474 shares of the scientific and technical instruments company’s stock valued at $9,609,000 after buying an additional 16,742 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, which expands its digital construction management platform and could strengthen 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 digital water meters and use Itron’s Temetra software to improve leak detection, conservation, and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including CFO Joan Hooper and multiple senior vice presidents, sold small blocks of stock this week. The company said the sales were tied to tax withholding on vested equity awards, which makes them less concerning than discretionary selling.
• Neutral Sentiment: The selling follows an extended pattern: Itron insiders have reported 39 open-market transactions over the past six months, and all of them were sales rather than purchases.
• Negative Sentiment: The cluster of insider sales may still pressure investor sentiment, especially since the stock has been trading below its 50-day and 200-day moving averages. 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.