Itron (NASDAQ:ITRI) Stock Gets Downgrade from Zacks Research

Itron (NASDAQ:ITRI) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Other equities analysts also recently issued reports about the stock. Robert W. Baird set a $125.00 price target on shares of Itron in a report on Wednesday, July 29th. Needham & Company LLC increased their price target 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. Weiss Ratings upgraded shares of Itron from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 12th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Itron in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.33.

Itron Stock Up 3.0%

ITRI stock opened at $84.62 on Monday. The stock has a market cap of $3.71 billion, a P/E ratio of 14.13, a P/E/G ratio of 0.99 and a beta of 1.32. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. The stock’s fifty day simple moving average is $92.49 and its two-hundred day simple moving average is $89.08. Itron has a 1-year low of $77.77 and a 1-year high of $142.00.

Itron (NASDAQ:ITRI) last announced its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%. The firm had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same period last year, the firm posted $1.62 EPS. The business’s revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Analysts expect that Itron will post 6.41 EPS for the current year.

Insider Transactions at Itron

In related news, SVP Justin Patrick sold 10,210 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $97.36, for a total value of $994,045.60. Following the transaction, the senior vice president owned 22,065 shares in the company, valued at approximately $2,148,248.40. This represents a 31.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Donald Reeves, III sold 329 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total value of $32,501.91. Following the transaction, the senior vice president directly owned 27,945 shares of the company’s stock, valued at approximately $2,760,686.55. This trade represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 17,903 shares of company stock worth $1,753,521 in the last ninety days. Company insiders own 1.77% of the company’s stock.

Institutional Trading of Itron

Several hedge funds have recently made changes to their positions in ITRI. Jupiter Topco LLC purchased a new position in shares of Itron during the 2nd quarter valued at $42,466,000. Legal & General Group Plc purchased a new stake in Itron in the 2nd quarter worth about $29,108,000. Dimensional Fund Advisors LP increased its holdings in Itron by 20.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company’s stock worth $137,659,000 after acquiring an additional 265,039 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Itron in the 2nd quarter worth about $20,755,000. Finally, Bank of America Corp DE purchased a new stake in Itron in the 2nd quarter worth about $20,220,000. 96.19% of the stock is currently owned by institutional investors.

Key Stories Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: SmartMark partnership expands customer-to-grid opportunity. Itron is collaborating with SmartMark Communications to connect customer engagement with grid operations. The companies aim to help utilities improve reliability, affordability and customer experience while increasing visibility into behind-the-meter resources. This could support adoption of Itron’s Grid Edge Intelligence offerings. SmartMark Collaborates with Itron to Deliver Customer-to-Grid Solutions
• Positive Sentiment: Utility research points to continued demand for Itron’s technology. Itron’s studies found that 93% of utilities globally—and 87% of Nordic utilities—used major data and intelligence investments for at least two additional applications beyond their original purpose. Utilities are prioritizing cloud analytics, executive decision support and enterprise integration, creating potential expansion opportunities for Itron. Itron Global Study
• Positive Sentiment: Eversource award provides customer validation. Eversource Energy received Itron’s 2026 Innovator Award for using advanced metering infrastructure beyond basic meter reading, including resilient connectivity and grid-edge intelligence. The recognition highlights practical utility applications for Itron’s modernization platform. Eversource Energy Wins 2026 Itron Innovator Award
• Neutral Sentiment: Execution challenges remain. Nordic utilities identified automation, technical integration and data quality as major obstacles to turning analytics into operational decisions. The findings indicate strong market need but also show that Itron and its customers must overcome implementation hurdles before demand translates into results. Itron Study: Nordic Utilities
• Negative Sentiment: Recent trading weakness and limited near-term financial catalysts temper the reaction. Itron previously underperformed the broader market in the latest session, and the new announcements provide strategic validation rather than an immediate earnings upgrade or contract-value disclosure.

Itron Company Profile

Itron, Inc is a technology company that provides solutions to utilities and cities for managing electricity, natural gas, and water resources. Its offerings help organizations measure consumption, collect and analyze data, improve operational efficiency, and support more reliable and sustainable delivery of essential services.

The company’s portfolio includes smart meters, advanced metering infrastructure, communications networks, sensors, data management systems, and utility software.