Itron (NASDAQ:ITRI) CFO Joan Hooper Sells 442 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan 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 transaction of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares in the company, valued at $9,911,618.86. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

Shares of ITRI stock opened at $85.30 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company’s 50-day simple moving average is $88.07 and its 200-day simple moving average is $93.96. The stock has a market capitalization 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 issued its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 EPS for the quarter, topping 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 net margin of 12.31% and a return on equity of 19.54%. The company’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 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Equities analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ITRI. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Oppenheimer increased their price objective on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. TD Cowen dropped 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. Finally, Robert W. Baird set a $128.00 price target on shares of Itron and gave the company an “outperform” rating in a research note on Wednesday, February 18th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ITRI. Impax Asset Management Group plc boosted its holdings in Itron by 127.3% during the third quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock worth $197,153,000 after buying an additional 890,040 shares in the last quarter. Norges Bank bought a new stake in Itron during the fourth quarter worth approximately $63,990,000. Soros Fund Management LLC bought a new stake in Itron during the fourth quarter worth approximately $34,843,000. Millennium Management LLC boosted its holdings in Itron by 269.3% during the fourth quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock worth $47,068,000 after buying an additional 369,617 shares in the last quarter. Finally, Merewether Investment Management LP boosted its holdings in Itron by 1,552.7% during the second quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock worth $39,593,000 after buying an additional 282,587 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

Itron News Roundup

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.

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.