Itron (NASDAQ:ITRI) SVP Sells $27,167.14 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP John Marcolini sold 322 shares of Itron stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the transaction, the senior vice president directly owned 24,689 shares of the company’s stock, valued at $2,083,010.93. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

Itron stock opened at $82.48 on Friday. The company’s 50-day moving average price is $87.71 and its 200-day moving average price is $93.73. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.66 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping 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 firm had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same period in the previous year, the firm posted $1.52 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, equities research analysts forecast that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $128.00 target price on shares of Itron and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Guggenheim set a $155.00 target price on shares of Itron in a report on Friday, February 13th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. reduced their target price on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.22.

Hedge Funds Weigh In On Itron

Several hedge funds have recently added to or reduced their stakes in ITRI. Impax Asset Management Group plc grew its holdings in Itron by 127.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after purchasing an additional 890,040 shares during the last quarter. Norges Bank bought a new position in Itron during the 4th quarter valued at about $63,990,000. Soros Fund Management LLC bought a new position in Itron during the 4th quarter valued at about $34,843,000. Millennium Management LLC grew its holdings in Itron by 269.3% during the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock valued at $47,068,000 after purchasing an additional 369,617 shares during the last quarter. Finally, Merewether Investment Management LP grew its holdings in Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock valued at $39,593,000 after purchasing an additional 282,587 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

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.