Itron, Inc. (NASDAQ:ITRI) Receives $131.33 Consensus Price Target from Brokerages

Shares of Itron, Inc. (NASDAQ:ITRI) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $131.3333.

Several analysts have recently commented on the company. Needham & Company LLC raised their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. Robert W. Baird set a $125.00 price objective on Itron in a research report on Wednesday, July 29th. Zacks Research raised Itron from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Finally, Stephens restated an “overweight” rating and set a $130.00 target price on shares of Itron in a research report on Wednesday, May 20th.

Itron Trading Down 0.2%

NASDAQ ITRI opened at $92.14 on Friday. The stock has a market capitalization of $4.03 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.11 and a beta of 1.33. Itron has a 52-week low of $77.77 and a 52-week high of $142.00. The firm has a 50-day moving average price of $95.14 and a 200 day moving average price of $89.78. 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 (NASDAQ:ITRI) last announced its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 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 firm had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. During the same quarter last year, the firm earned $1.62 earnings per share. The firm’s 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. Equities research analysts expect that Itron will post 6.41 EPS for the current year.

Insider Activity at Itron

In other Itron news, CFO Joan S. Hooper sold 4,406 shares of the company’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. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 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 completion of the transaction, the senior vice president directly owned 12,683 shares of the company’s stock, valued at approximately $1,252,953.57. This trade represents a 2.54% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 17,903 shares of company stock worth $1,753,521. 1.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Itron

Several hedge funds have recently bought and sold shares of the company. Capital World Investors purchased a new stake in shares of Itron in the fourth quarter valued at about $10,460,000. Assenagon Asset Management S.A. increased its stake in shares of Itron by 160.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 336,710 shares of the scientific and technical instruments company’s stock worth $29,136,000 after purchasing an additional 207,416 shares in the last quarter. DNB Asset Management AS purchased a new position in shares of Itron during the 4th quarter worth approximately $12,191,000. WINTON GROUP Ltd acquired a new position in shares of Itron during the 4th quarter worth approximately $5,795,000. Finally, Fieldview Capital Management LLC raised its position in shares of Itron by 54.1% during the 4th quarter. Fieldview Capital Management LLC now owns 40,095 shares of the scientific and technical instruments company’s stock worth $3,723,000 after purchasing an additional 14,079 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron Company Profile

Itron, Inc develops technology and services that help utilities manage electricity, natural gas and water resources. Its solutions are designed to improve the measurement, delivery and use of energy and water while supporting operational efficiency, system reliability and sustainability initiatives.

The company’s offerings include smart meters, advanced metering infrastructure, communications networks, meter data management software, analytics and utility-focused cloud services. Itron also provides solutions for distributed energy resources, demand response, grid optimization, public lighting and industrial Internet of Things applications.

Founded in 1977, Itron serves electric, gas and water utilities, municipalities and other organizations in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America.