Itron (NASDAQ:ITRI) SVP Sells $994,045.60 in Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 10,210 shares of Itron stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $97.36, for a total transaction 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. The trade was a 31.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Stock Down 0.1%

NASDAQ:ITRI traded down $0.14 during trading hours on Friday, hitting $95.41. 314,175 shares of the company traded hands, compared to its average volume of 855,783. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.18 billion, a PE ratio of 15.98, a PEG ratio of 1.15 and a beta of 1.33. The firm’s 50-day simple moving average is $93.45 and its 200-day simple moving average is $89.93.

Itron (NASDAQ:ITRI) last released 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. The business had revenue of $562.90 million for 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%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Equities analysts predict that Itron, Inc. will post 6.41 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ITRI shares. Seaport Research Partners reissued a “buy” rating and issued a $150.00 price objective on shares of Itron in a research report on Wednesday, July 29th. Robert W. Baird set a $125.00 price target on shares of Itron in a report on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. Needham & Company LLC upped their price objective on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.33.

Institutional Investors Weigh In On Itron

A number of institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its position in shares of Itron by 7,889.6% in the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock valued at $380,527,000 after acquiring an additional 4,342,586 shares during the period. Norges Bank purchased a new stake in Itron in the 4th quarter worth approximately $63,990,000. Jupiter Topco LLC bought a new position in Itron in the 2nd quarter valued at $42,466,000. Soros Fund Management LLC bought a new position in Itron in the 4th quarter valued at $34,843,000. Finally, 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 valued at $47,068,000 after purchasing an additional 369,617 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.