Itron (NASDAQ:ITRI) SVP Donald Reeves III Sells 319 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 319 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares in the company, valued at $2,455,167. This represents a 1.08% decrease in their position. The sale was disclosed in a 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.

Itron Price Performance

Shares of NASDAQ:ITRI traded up $0.86 on Wednesday, hitting $85.30. The stock had a trading volume of 521,981 shares, compared to its average volume of 930,161. Itron, Inc. has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The firm’s 50 day moving average price is $88.19 and its 200-day moving average price is $94.11. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. During the same period in the previous year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, equities research analysts predict that Itron, Inc. will post 6.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ITRI shares. 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 research report on Thursday, April 16th. Oppenheimer boosted their price objective on shares of Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Guggenheim set a $155.00 price objective on Itron in a research report on Friday, February 13th. Roth Mkm reissued a “buy” rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Finally, TD Cowen cut their price target on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.22.

Institutional Trading of Itron

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. Impax Asset Management Group plc raised 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 worth $197,153,000 after purchasing an additional 890,040 shares during the last quarter. Norges Bank acquired a new position in shares of Itron during the 4th quarter worth about $63,990,000. Soros Fund Management LLC acquired a new position in shares of Itron during the 4th quarter worth about $34,843,000. Millennium Management LLC grew its position in shares of 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 worth $47,068,000 after buying an additional 369,617 shares during the period. Finally, Merewether Investment Management LP grew its position in shares of 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 worth $39,593,000 after buying an additional 282,587 shares during the period. 96.19% of the stock is owned by institutional investors.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 Itron digital water meters and use Temetra software to improve leak detection, water conservation, and network efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including the CFO and multiple senior vice presidents, sold small amounts of stock this week. The company said the sales were made to cover tax withholding obligations tied to vested equity awards, which makes the transactions less concerning than open-market selling for investment reasons.
• Neutral Sentiment: The insider activity is still worth watching because Itron insiders have sold shares repeatedly over the past six months, with no reported open-market purchases in that period.
• Negative Sentiment: Despite the positive contract news, the cluster of insider sales may weigh on sentiment and reinforce caution after the stock’s weaker recent trend.

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.