Justin Patrick Sells 212 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 212 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $97.83, for a total value of $20,739.96. Following the completion of the transaction, the senior vice president owned 32,497 shares in the company, valued at $3,179,181.51. The trade was a 0.65% 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 Itron stock traded down $0.91 during trading hours on Monday, reaching $99.12. 34,560 shares of the company’s stock were exchanged, compared to its average volume of 879,535. The business has a fifty day moving average of $90.52 and a two-hundred day moving average of $90.11. The company has a market capitalization of $4.34 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. 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, 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, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $566.34 million. During the same period last year, the firm posted $1.62 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, research analysts predict that Itron, Inc. will post 6.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Employees Retirement System of Texas acquired a new position in shares of Itron in the third quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares during the period. Advisory Services Network LLC purchased a new position in Itron in the 3rd quarter valued at $49,000. EverSource Wealth Advisors LLC grew its position in Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 81 shares during the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new position in Itron during the 2nd quarter worth $35,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ITRI has been the subject of several recent research reports. Roth Capital reaffirmed a “buy” rating and issued a $136.00 price target on shares of Itron in a report on Wednesday, April 29th. Robert W. Baird set a $125.00 target price on Itron in a report on Wednesday, July 29th. Needham & Company LLC boosted their target price on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. Finally, TD Cowen dropped 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 investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.33.

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.