Itron (NASDAQ:ITRI) CFO Sells $37,291.54 in Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan Hooper sold 442 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the transaction, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 opened at $82.48 on Friday. The stock has a fifty day moving average price of $87.71 and a two-hundred day moving average price of $93.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The firm has a market cap of $3.66 billion, a P/E ratio of 13.15, a PEG ratio of 0.73 and a beta of 1.35. Itron, Inc. has a 1 year low of $77.77 and a 1 year high of $142.00.

Itron (NASDAQ:ITRI) last issued 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. The firm had revenue of $586.98 million during the quarter, compared to analyst estimates of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Research analysts forecast that Itron, Inc. will post 6.01 EPS for the current fiscal year.

Institutional Trading of Itron

Hedge funds and other institutional investors have recently modified their holdings of the company. Employees Retirement System of Texas purchased a new stake in shares of Itron during the third quarter worth $32,000. Private Trust Co. NA raised its holdings in shares of Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares in the last quarter. Optiver Holding B.V. purchased a new stake in shares of Itron during the third quarter worth $36,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 268 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Itron during the third quarter worth $44,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC assumed coverage on Itron in a research report on Friday, March 6th. They set a “buy” rating and a $124.00 price objective for the company. Raymond James Financial assumed coverage on Itron in a research report on Tuesday, April 21st. They set an “underperform” rating for the company. Robert W. Baird set a $128.00 price objective on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Finally, TD Cowen cut their price objective on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.