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

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 319 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the sale, the senior vice president owned 29,100 shares of the company’s stock, valued at $2,455,167. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Down 2.0%

ITRI stock opened at $83.59 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a 50-day moving average of $87.89 and a two-hundred day moving average of $93.81. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35.

Itron (NASDAQ:ITRI) last released 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 analysts’ consensus estimates of $1.26 by $0.23. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. During the same period in the prior year, the company earned $1.52 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities research analysts anticipate that Itron, Inc. will post 6.01 EPS for the current year.

Wall Street Analyst Weigh In

ITRI has been the subject of several research reports. TD Cowen reduced their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Roth Mkm reiterated a “buy” rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Guggenheim set a $155.00 target price on shares of Itron in a research note on Friday, February 13th. Raymond James Financial initiated coverage on shares of Itron in a research note on Tuesday, April 21st. They issued an “underperform” rating for the company. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a research note on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Itron presently has a consensus rating of “Moderate Buy” and an average target price of $131.22.

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 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, with plans to deploy 2,000 digital water meters and use Temetra software to improve leak detection and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several executives, including CFO Joan Hooper and multiple senior vice presidents, sold small amounts of stock this week, but the company said the trades were related to equity-award tax withholding and a Rule 10b5-1 plan. Insider Selling: Itron (NASDAQ:ITRI) CFO Sells 442 Shares of Stock
• Neutral Sentiment: Itron’s latest earnings report beat expectations, and analysts still maintain a Moderate Buy rating with a consensus price target well above the current trading range, which provides some fundamental support.
• Negative Sentiment: The cluster of insider sales may still be pressuring the shares, especially as ITRI continues to trade below its 50-day and 200-day moving averages, reinforcing a cautious near-term technical picture.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in Itron by 28.3% in the first quarter. California State Teachers Retirement System now owns 55,042 shares of the scientific and technical instruments company’s stock worth $4,933,000 after purchasing an additional 12,154 shares in the last quarter. Entropy Technologies LP raised its position in Itron by 6.3% in the first quarter. Entropy Technologies LP now owns 8,278 shares of the scientific and technical instruments company’s stock worth $742,000 after purchasing an additional 490 shares in the last quarter. Renaissance Technologies LLC raised its position in Itron by 10.1% in the first quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company’s stock worth $41,388,000 after purchasing an additional 42,300 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Itron by 12.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock worth $60,359,000 after purchasing an additional 73,020 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Itron in the first quarter worth about $2,212,000. 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.