Itron, Inc. (NASDAQ:ITRI) Given Average Recommendation of “Moderate Buy” by Brokerages

Itron, Inc. (NASDAQ:ITRI) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $131.2222.

Several equities analysts have weighed in on ITRI shares. Roth Mkm reissued a “buy” rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Raymond James Financial started coverage on Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating on the stock. Robert W. Baird set a $128.00 target price on Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th.

Itron Price Performance

Itron stock opened at $79.68 on Thursday. The business’s 50-day simple moving average is $86.39 and its 200 day simple moving average is $92.74. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.72 and a beta of 1.33. Itron has a 12-month low of $77.77 and a 12-month high of $142.00. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97.

Itron (NASDAQ:ITRI) last posted its quarterly 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. The business had revenue of $586.98 million for the quarter, compared to analysts’ expectations of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, research analysts anticipate that Itron will post 6.01 earnings per share for the current year.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 442 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing 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. Also, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction dated 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 $2,455,167. The trade was a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Itron

A number of hedge funds have recently modified their holdings of ITRI. Northwestern Mutual Wealth Management Co. raised its position in shares of Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares during the period. M&T Bank Corp raised its position in shares of Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after purchasing an additional 194 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares during the period. Jump Financial LLC acquired a new stake in shares of Itron during the second quarter worth about $1,609,000. Finally, Cerity Partners LLC raised its position in shares of Itron by 10.2% during the second quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock worth $715,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s 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.