Insider Selling: Itron (NASDAQ:ITRI) SVP Sells $32,501.91 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 329 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,501.91. Following the transaction, the senior vice president owned 27,945 shares of the company’s stock, valued at approximately $2,760,686.55. This represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.4%

Shares of NASDAQ ITRI opened at $99.27 on Friday. The stock has a market cap of $4.35 billion, a PE ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.30. The business has a fifty day moving average of $91.99 and a two-hundred day moving average of $90.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last posted 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 net margin of 11.90% and a return on equity of 19.26%. The company had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter in the previous year, the company posted $1.62 earnings per share. Itron’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. As a group, equities research analysts expect that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Robert W. Baird set a $125.00 target price on shares of Itron in a research report on Wednesday, July 29th. Seaport Research Partners restated a “buy” rating and issued a $150.00 price objective on shares of Itron in a research report on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Itron presently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

Hedge Funds Weigh In On Itron

Hedge funds and other institutional investors have recently bought and sold shares of the business. Employees Retirement System of Texas acquired a new position in shares of Itron in the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Itron by 343.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 268 shares during the period. Advisory Services Network LLC acquired a new position in shares of Itron in the third quarter valued at approximately $49,000. EverSource Wealth Advisors LLC boosted its stake in Itron by 25.3% in the 2nd 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. Finally, PenderFund Capital Management Ltd. bought a new position in shares of Itron during the second quarter worth about $35,000. 96.19% of the stock is owned by institutional investors.

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.