Itron (NASDAQ:ITRI) Stock Rating Lowered by Zacks Research

Itron (NASDAQ:ITRI) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Several other equities research analysts have also commented on the stock. Weiss Ratings upgraded shares of Itron from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. Robert W. Baird set a $125.00 price target on Itron in a report on Wednesday, July 29th. Seaport Research Partners reiterated a “buy” rating and set 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 stock a “buy” rating in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Itron Stock Up 3.0%

Shares of Itron stock opened at $84.62 on Monday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.99 and a beta of 1.32. Itron has a twelve month low of $77.77 and a twelve month high of $142.00. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. The business’s 50 day simple moving average is $92.49 and its 200-day simple moving average is $89.08.

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

Insider Activity at Itron

In other news, SVP Justin Patrick sold 10,210 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total value of $994,045.60. Following the completion of the sale, the senior vice president directly owned 22,065 shares of the company’s stock, valued at approximately $2,148,248.40. This represents a 31.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP John F. Marcolini sold 331 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $98.79, for a total transaction of $32,699.49. Following the completion of the sale, the senior vice president directly owned 12,683 shares of the company’s stock, valued at approximately $1,252,953.57. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 17,903 shares of company stock valued at $1,753,521 over the last quarter. Corporate insiders own 1.77% of the company’s stock.

Institutional Investors Weigh In On Itron

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock valued at $137,659,000 after purchasing an additional 265,039 shares in the last quarter. First Trust Advisors LP increased its position in shares of Itron by 22.2% during the 1st quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company’s stock valued at $86,872,000 after purchasing an additional 176,053 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Itron by 12.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 673,420 shares of the scientific and technical instruments company’s stock valued at $60,359,000 after purchasing an additional 73,020 shares during the period. Jupiter Topco LLC acquired a new position in shares of Itron during the 2nd quarter valued at $42,466,000. Finally, Renaissance Technologies LLC raised its stake in shares of Itron by 10.1% in the 1st quarter. Renaissance Technologies LLC now owns 461,761 shares of the scientific and technical instruments company’s stock worth $41,388,000 after buying an additional 42,300 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: SmartMark partnership expands customer-to-grid opportunity. Itron is collaborating with SmartMark Communications to connect customer engagement with grid operations. The companies aim to help utilities improve reliability, affordability and customer experience while increasing visibility into behind-the-meter resources. This could support adoption of Itron’s Grid Edge Intelligence offerings. SmartMark Collaborates with Itron to Deliver Customer-to-Grid Solutions
• Positive Sentiment: Utility research points to continued demand for Itron’s technology. Itron’s studies found that 93% of utilities globally—and 87% of Nordic utilities—used major data and intelligence investments for at least two additional applications beyond their original purpose. Utilities are prioritizing cloud analytics, executive decision support and enterprise integration, creating potential expansion opportunities for Itron. Itron Global Study
• Positive Sentiment: Eversource award provides customer validation. Eversource Energy received Itron’s 2026 Innovator Award for using advanced metering infrastructure beyond basic meter reading, including resilient connectivity and grid-edge intelligence. The recognition highlights practical utility applications for Itron’s modernization platform. Eversource Energy Wins 2026 Itron Innovator Award
• Neutral Sentiment: Execution challenges remain. Nordic utilities identified automation, technical integration and data quality as major obstacles to turning analytics into operational decisions. The findings indicate strong market need but also show that Itron and its customers must overcome implementation hurdles before demand translates into results. Itron Study: Nordic Utilities
• Negative Sentiment: Recent trading weakness and limited near-term financial catalysts temper the reaction. Itron previously underperformed the broader market in the latest session, and the new announcements provide strategic validation rather than an immediate earnings upgrade or contract-value disclosure.

About Itron

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.