Itron (NASDAQ:ITRI) CFO Sells $28,258.00 in Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan Hooper sold 355 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $79.60, for a total value of $28,258.00. Following the sale, the chief financial officer owned 117,920 shares in the company, valued at approximately $9,386,432. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

Shares of NASDAQ:ITRI traded up $0.93 during trading on Thursday, hitting $82.28. 376,875 shares of the company were exchanged, compared to its average volume of 937,478. The company has a market cap of $3.65 billion, a PE ratio of 13.15, a P/E/G ratio of 0.68 and a beta of 1.35. The stock has a 50 day moving average of $88.85 and a 200 day moving average of $94.73. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same quarter last year, the business posted $1.52 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, equities research analysts predict that Itron, Inc. will post 6.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ITRI. DLD Asset Management LP grew its stake in shares of Itron by 49.9% during the third quarter. DLD Asset Management LP now owns 63,400 shares of the scientific and technical instruments company’s stock valued at $7,897,000 after buying an additional 21,100 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Itron by 78.3% during the third quarter. Thrivent Financial for Lutherans now owns 77,488 shares of the scientific and technical instruments company’s stock valued at $9,653,000 after buying an additional 34,027 shares during the last quarter. J. Safra Sarasin Holding AG bought a new position in shares of Itron during the third quarter valued at about $4,673,000. Elo Mutual Pension Insurance Co bought a new position in shares of Itron during the third quarter valued at about $1,672,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Itron by 34.0% during the third quarter. Envestnet Asset Management Inc. now owns 148,317 shares of the scientific and technical instruments company’s stock valued at $18,474,000 after buying an additional 37,634 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Analyst Ratings Changes

ITRI has been the topic of a number of recent analyst reports. Guggenheim set a $155.00 price objective on Itron in a research report on Friday, February 13th. Zacks Research upgraded Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Roth Mkm reiterated a “buy” rating and issued a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. Needham & Company LLC began coverage on Itron in a research report on Friday, March 6th. They issued a “buy” rating and a $124.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Eight research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.22.

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.