Itron (NASDAQ:ITRI) SVP Donald Reeves III Sells 286 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 286 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $97.83, for a total value of $27,979.38. Following the sale, the senior vice president directly owned 28,521 shares in the company, valued at $2,790,209.43. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $98.69 on Tuesday. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The business has a 50-day simple moving average of $90.88 and a two-hundred day simple moving average of $90.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

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 the consensus estimate of $1.29 by $0.30. The business had revenue of $562.90 million for the quarter, compared to analysts’ expectations of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, analysts expect that Itron, Inc. will post 6.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ITRI. Employees Retirement System of Texas bought a new stake in shares of Itron during the 3rd quarter valued at $32,000. PenderFund Capital Management Ltd. bought a new position in Itron in the 2nd quarter worth $35,000. Quantbot Technologies LP bought a new position in Itron in the 2nd quarter worth $36,000. Northwestern Mutual Wealth Management Co. lifted its position in Itron by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Itron during the second quarter valued at $48,000. 96.19% of the stock is currently owned by institutional investors.

Itron News Summary

Here are the key news stories impacting Itron this week:

• Neutral Sentiment: CFO Joan S. Hooper sold 4,406 shares for approximately $435,577, while six senior vice presidents and the chief accounting officer collectively sold another 1,213 shares for about $118,667. The executives retained substantial holdings after the transactions, which limits the signal that management is broadly reducing its exposure. SEC Form 4 filing
• Negative Sentiment: The cluster of insider-sale disclosures may pressure investor sentiment and contribute to weakness in ITRI, particularly because the sales occurred near $98 per share. Still, the tax-withholding explanation makes the transactions less concerning than open-market sales reflecting a negative view of the business. SEC Form 4 filing

Analyst Ratings Changes

A number of equities research analysts have commented on ITRI shares. Zacks Research raised shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Roth Capital restated a “buy” rating and issued a $136.00 price target on shares of Itron in a research note on Wednesday, April 29th. TD Cowen cut their price objective on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Needham & Company LLC upped their price objective on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Itron has an average rating of “Moderate Buy” and an average target price of $131.33.

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.