Itron (NASDAQ:ITRI) SVP Donald Reeves III Sells 255 Shares

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 255 shares of Itron stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $80.88, for a total value of $20,624.40. Following the completion of the transaction, the senior vice president owned 29,419 shares in the company, valued at $2,379,408.72. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Trading Up 1.4%

Shares of NASDAQ:ITRI opened at $83.02 on Friday. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00. The business’s fifty day simple moving average is $88.45 and its 200-day simple moving average is $94.52. The company has a market capitalization of $3.68 billion, a PE ratio of 13.24, a P/E/G ratio of 0.72 and a beta of 1.35. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $586.98 million for the quarter, compared to the consensus estimate of $572.04 million. During the same period last year, the business posted $1.52 EPS. The business’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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Needham & Company LLC assumed coverage on Itron in a research note on Friday, March 6th. They set a “buy” rating and a $124.00 price target on the stock. Oppenheimer boosted their price target on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. 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. Finally, Guggenheim set a $155.00 price target on Itron in a research note on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Itron currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.22.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Stephens reiterated an Overweight rating on Itron and kept a $130 price target, signaling substantial upside versus recent trading levels.
• Neutral Sentiment: Several Itron executives sold small amounts of stock, but the filings say the shares were sold mainly to cover tax withholding tied to equity award vesting, which makes the insider activity look routine rather than a major red flag.
• Negative Sentiment: Zacks Research cut multiple future earnings estimates for Itron, including a sharp reduction to Q4 2027 EPS and a lower FY2027 outlook, suggesting softer profit growth ahead.

Hedge Funds Weigh In On Itron

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of Itron by 28.3% in the 1st quarter. California State Teachers Retirement System now owns 55,042 shares of the scientific and technical instruments company’s stock valued at $4,933,000 after buying an additional 12,154 shares during the period. Entropy Technologies LP lifted its holdings in shares of Itron by 6.3% in the 1st quarter. Entropy Technologies LP now owns 8,278 shares of the scientific and technical instruments company’s stock valued at $742,000 after buying an additional 490 shares during the period. Renaissance Technologies LLC lifted its holdings 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 valued at $41,388,000 after buying an additional 42,300 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Itron by 12.2% in 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 buying an additional 73,020 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of Itron in the 1st quarter valued at about $2,212,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

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.