Itron (NASDAQ:ITRI) SVP Christopher Ware Sells 195 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP Christopher Ware sold 195 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $97.83, for a total value of $19,076.85. Following the completion of the transaction, the senior vice president directly owned 30,116 shares of the company’s stock, valued at $2,946,248.28. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed 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 Price Performance

ITRI stock traded down $0.91 during mid-day trading on Monday, reaching $99.12. 34,560 shares of the company’s stock were exchanged, compared to its average volume of 879,535. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. Itron, Inc. has a 12-month low of $77.77 and a 12-month high of $142.00. The stock’s 50 day moving average is $90.52 and its 200 day moving average is $90.11. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.26% and a net margin of 11.90%.The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, research analysts expect that Itron, Inc. will post 6.4 EPS for the current year.

Analyst Upgrades and Downgrades

ITRI has been the topic of several research analyst reports. Needham & Company LLC lifted their target price on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Itron in a research note on Wednesday, May 20th. 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 note on Wednesday, April 29th. Robert W. Baird set a $125.00 target price on Itron in a research report on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research note on Wednesday, August 5th. 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. Based on data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

Hedge Funds Weigh In On Itron

A number of institutional investors have recently modified their holdings of ITRI. Northwestern Mutual Wealth Management Co. grew its position in Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company’s stock worth $46,000 after purchasing an additional 268 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Itron by 10.0% during the second quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company’s stock worth $282,000 after buying an additional 194 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 81 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Itron during the second quarter worth about $1,609,000. Finally, Cerity Partners LLC increased its position in Itron by 10.2% in the 2nd quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company’s stock valued at $715,000 after acquiring an additional 503 shares during the period. 96.19% of the stock is owned by institutional investors and hedge funds.

About Itron

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.