Itron (NASDAQ:ITRI) CFO Joan Hooper Sells 4,406 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan Hooper sold 4,406 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $98.86, for a total transaction of $435,577.16. Following the completion of the transaction, the chief financial officer owned 117,113 shares in the company, valued at approximately $11,577,791.18. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

NASDAQ:ITRI opened at $98.69 on Tuesday. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The company has a 50 day moving average price of $90.88 and a 200 day moving average price of $90.09. The stock has a market capitalization of $4.32 billion, a P/E ratio of 16.48, a PEG ratio of 1.20 and a beta of 1.30.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. During the same quarter in the previous year, the company earned $1.62 earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts forecast that Itron, Inc. will post 6.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. TD Cowen cut their price target on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Roth Capital reissued a “buy” rating and issued a $136.00 price objective on shares of Itron in a research note on Wednesday, April 29th. Robert W. Baird set a $125.00 price objective on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC upped their target price on shares of Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $150.00 target price on shares of Itron in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Hedge Funds Weigh In On Itron

Several hedge funds and other institutional investors have recently made changes to their positions in ITRI. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 81 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Itron by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 101 shares in the last quarter. Impact Partnership Wealth LLC increased its position in shares of Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company’s stock valued at $239,000 after purchasing an additional 119 shares during the last quarter. Xponance LLC raised its holdings in shares of Itron by 3.2% in the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 120 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Itron by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,718 shares of the scientific and technical instruments company’s stock valued at $624,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Neutral Sentiment: CFO Joan S. Hooper sold 4,406 shares for approximately $435,577, while six senior vice presidents and the chief accounting officer collectively sold another 1,213 shares for about $118,667. The executives retained substantial holdings after the transactions, which limits the signal that management is broadly reducing its exposure. SEC Form 4 filing
• Negative Sentiment: The cluster of insider-sale disclosures may pressure investor sentiment and contribute to weakness in ITRI, particularly because the sales occurred near $98 per share. Still, the tax-withholding explanation makes the transactions less concerning than open-market sales reflecting a negative view of the business. SEC Form 4 filing

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.