Itron (NASDAQ:ITRI) Stock Dropped to Hold by Zacks Research

Zacks Research lowered shares of Itron (NASDAQ:ITRI) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

Other equities research analysts have also issued reports about the company. Weiss Ratings upgraded Itron from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. Robert W. Baird set a $125.00 target price on Itron in a research report on Wednesday, July 29th. Seaport Research Partners restated a “buy” rating and issued a $150.00 target price on shares of Itron in a research report on Wednesday, July 29th. Finally, Needham & Company LLC lifted their price target on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Itron Stock Up 3.0%

ITRI stock opened at $84.62 on Monday. The stock has a market capitalization of $3.71 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.99 and a beta of 1.32. The firm has a 50-day simple moving average of $92.49 and a 200-day simple moving average of $89.08. 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 has a 52 week low of $77.77 and a 52 week high of $142.00.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.30. The firm had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. 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 will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Itron

In related news, CFO Joan S. Hooper sold 4,406 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $98.86, for a total transaction of $435,577.16. Following the transaction, the chief financial officer directly owned 117,113 shares in the company, valued at approximately $11,577,791.18. The trade was a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John Marcolini sold 331 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $32,699.49. Following the sale, the senior vice president directly owned 12,683 shares of the company’s stock, valued at approximately $1,252,953.57. This represents a 2.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 17,903 shares of company stock valued at $1,753,521. Corporate insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ITRI. Pinnacle Associates Ltd. boosted its holdings in shares of Itron by 5.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 289,185 shares of the scientific and technical instruments company’s stock worth $24,968,000 after purchasing an additional 14,344 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Itron in the third quarter valued at approximately $702,000. IFP Advisors Inc grew its position in shares of Itron by 38.7% in the third quarter. IFP Advisors Inc now owns 803 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 224 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Itron in the third quarter valued at approximately $321,000. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Itron by 349.7% in the third quarter. TD Waterhouse Canada Inc. now owns 778 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 605 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: SmartMark partnership expands customer-to-grid opportunity. Itron is collaborating with SmartMark Communications to connect customer engagement with grid operations. The companies aim to help utilities improve reliability, affordability and customer experience while increasing visibility into behind-the-meter resources. This could support adoption of Itron’s Grid Edge Intelligence offerings. SmartMark Collaborates with Itron to Deliver Customer-to-Grid Solutions
• Positive Sentiment: Utility research points to continued demand for Itron’s technology. Itron’s studies found that 93% of utilities globally—and 87% of Nordic utilities—used major data and intelligence investments for at least two additional applications beyond their original purpose. Utilities are prioritizing cloud analytics, executive decision support and enterprise integration, creating potential expansion opportunities for Itron. Itron Global Study
• Positive Sentiment: Eversource award provides customer validation. Eversource Energy received Itron’s 2026 Innovator Award for using advanced metering infrastructure beyond basic meter reading, including resilient connectivity and grid-edge intelligence. The recognition highlights practical utility applications for Itron’s modernization platform. Eversource Energy Wins 2026 Itron Innovator Award
• Neutral Sentiment: Execution challenges remain. Nordic utilities identified automation, technical integration and data quality as major obstacles to turning analytics into operational decisions. The findings indicate strong market need but also show that Itron and its customers must overcome implementation hurdles before demand translates into results. Itron Study: Nordic Utilities
• Negative Sentiment: Recent trading weakness and limited near-term financial catalysts temper the reaction. Itron previously underperformed the broader market in the latest session, and the new announcements provide strategic validation rather than an immediate earnings upgrade or contract-value disclosure.

About Itron

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.