Itron (NASDAQ:ITRI) SVP Justin Patrick Sells 222 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 222 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $21,931.38. Following the sale, the senior vice president directly owned 32,275 shares in the company, valued at approximately $3,188,447.25. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.0%

Shares of NASDAQ ITRI opened at $98.73 on Wednesday. The stock has a market capitalization of $4.32 billion, a P/E ratio of 16.48, a PEG ratio of 1.18 and a beta of 1.30. The stock’s fifty day moving average is $91.23 and its 200 day moving average is $90.07. 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 0.96, a quick ratio of 2.29 and a current ratio of 2.75.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data 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. The business had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. Itron’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts forecast that Itron, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

ITRI has been the topic of several analyst reports. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. TD Cowen cut their target price on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Needham & Company LLC upped their target price on Itron from $116.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Seaport Research Partners reaffirmed a “buy” rating and issued a $150.00 target price on shares of Itron in a report on Wednesday, July 29th. Finally, Roth Capital reiterated a “buy” rating and issued a $136.00 price target on shares of Itron in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.33.

Institutional Investors Weigh In On Itron

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

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains broadly constructive on ITRI. Eight analysts rate the stock Buy, compared with four Holds and one Sell, with an average price target of $131.33—well above its recent trading level. Recent Buy ratings and target increases from Needham, Seaport Research Partners and Roth Capital reinforce the bullish outlook. Itron analyst ratings
• Positive Sentiment: Institutional ownership remains substantial at 96.19%. California State Teachers’ Retirement System sharply increased its position during the second quarter, while Norges Bank, Jupiter Topco, Soros Fund Management and Millennium Management also reported significant holdings or purchases. This institutional support may help underpin the stock. Itron institutional ownership
• Neutral Sentiment: Reported short interest was listed at zero shares, producing a zero-day short-interest ratio. Because the data also shows an invalid percentage change, it offers little useful information about current bearish positioning or potential short-covering demand.
• Negative Sentiment: Several Itron executives recently sold shares, including CFO Joan S. Hooper’s sale of 4,406 shares on August 20 and an additional 455 shares on August 24. Multiple senior vice presidents and the chief accounting officer also sold smaller amounts. The filings state that the transactions covered tax-withholding obligations from vested equity awards, and the executives retained sizable positions, making the signal less concerning than open-market selling—but the cluster of sales could still pressure investor sentiment. Itron SEC insider-sale filing
• Negative Sentiment: The latest quarterly results showed strong EPS of $1.59 versus the $1.29 consensus estimate, but revenue declined 7.2% year over year to $562.9 million and fell slightly short of estimates. That softer revenue trend remains a fundamental risk despite the company’s maintained 2026 earnings guidance.

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.