Donald Reeves III Sells 283 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 283 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $99.99, for a total transaction of $28,297.17. Following the sale, the senior vice president owned 27,662 shares of the company’s stock, valued at $2,765,923.38. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Stock Performance

NASDAQ:ITRI opened at $99.27 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The firm’s fifty day moving average price is $91.99 and its 200 day moving average price is $90.03. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.30. The firm had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 earnings per share. 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, sell-side analysts expect that Itron, Inc. will post 6.41 EPS for the current year.

Institutional Trading of Itron

Institutional investors have recently added to or reduced their stakes in the business. Employees Retirement System of Texas acquired a new stake in Itron in the third quarter valued at approximately $32,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Itron in the 2nd quarter valued at about $35,000. Quantbot Technologies LP bought a new position in shares of Itron during the second quarter worth about $36,000. Northwestern Mutual Wealth Management Co. raised its position 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 valued at $41,000 after acquiring an additional 101 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Itron during the second quarter worth $48,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ITRI has been the subject of several research reports. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Robert W. Baird set a $125.00 price target on Itron in a 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. Finally, Needham & Company LLC increased their price objective on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.