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

Itron, Inc. (NASDAQ:ITRI) CFO Joan Hooper sold 4,406 shares of the business’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 value of $435,577.16. Following the transaction, the chief financial officer owned 117,113 shares in the company, valued at $11,577,791.18. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

NASDAQ ITRI traded down $1.05 during mid-day trading on Monday, hitting $98.98. The stock had a trading volume of 132,463 shares, compared to its average volume of 880,087. The company has a 50 day simple moving average of $90.52 and a 200 day simple moving average of $90.11. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.20 and a beta of 1.30. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The company had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. During the same quarter in the prior year, the firm earned $1.62 earnings per share. The company’s revenue for the quarter 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 analysts forecast that Itron, Inc. will post 6.4 EPS for the current fiscal year.

Itron News Summary

Here are the key news stories impacting Itron this week:

• Neutral Sentiment: Six Itron executives collectively sold 1,213 shares worth approximately $118,668 at an average price of $97.83 on August 20. Each filing stated that the shares were sold to cover tax-withholding obligations tied to the vesting of equity awards, rather than to reflect a stated lack of confidence in the company. SEC filing SEC filing SEC filing
• Neutral Sentiment: The largest sale was 286 shares by SVP Donald L. Reeves III, while other sales included 275 shares by John F. Marcolini, 212 by Justin K. Patrick, 195 by Christopher E. Ware, 187 by Laurie Ann Pulatie-Hahn, and 58 by Chief Accounting Officer David Marshall Wright. All executives retained substantial positions after the transactions, suggesting limited direct impact on ITRI’s underlying outlook.

Hedge Funds Weigh In On Itron

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 purchasing an additional 101 shares during the period. Impact Partnership Wealth LLC grew its holdings in Itron by 4.7% during 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 grew its holdings in Itron by 3.2% during 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 during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in 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 worth $624,000 after purchasing an additional 146 shares during the period. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ITRI. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Seaport Research Partners reiterated a “buy” rating and set a $150.00 price target on shares of Itron in a report on Wednesday, July 29th. Robert W. Baird set a $125.00 price objective on shares of Itron in a research note on Wednesday, July 29th. TD Cowen decreased their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.33.

Itron Company Profile

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.