Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 277 Shares of Stock

Itron, Inc. (NASDAQ:ITRI) SVP Donald Reeves III sold 277 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $79.60, for a total value of $22,049.20. Following the transaction, the senior vice president owned 29,674 shares of the company’s stock, valued at approximately $2,362,050.40. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of Itron stock traded up $0.93 during trading on Thursday, reaching $82.28. 376,875 shares of the stock traded hands, compared to its average volume of 937,478. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.68 and a beta of 1.35. The business has a fifty day simple moving average of $88.85 and a two-hundred day simple moving average of $94.73. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share 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 business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Sell-side analysts expect that Itron, Inc. will post 6.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ITRI shares. 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. JPMorgan Chase & Co. cut their price objective on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Raymond James Financial began coverage on shares of Itron in a report on Tuesday, April 21st. They issued an “underperform” rating for the company. Guggenheim set a $155.00 price target on shares of Itron in a report on Friday, February 13th. Finally, Robert W. Baird set a $128.00 price target on shares of Itron and gave the company an “outperform” rating in a report on Wednesday, February 18th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.22.

Institutional Trading of Itron

Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 145 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Itron in the third quarter worth about $32,000. Optiver Holding B.V. bought a new stake in Itron in the third quarter worth about $36,000. Northwestern Mutual Wealth Management Co. lifted its stake in Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 101 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Itron in the third quarter worth about $44,000. Institutional investors 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.