Justin Patrick Sells 222 Shares of Itron (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) SVP Justin Patrick sold 222 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $21,931.38. Following the completion of the sale, the senior vice president directly owned 32,275 shares of the company’s stock, valued at $3,188,447.25. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Price Performance

Shares of ITRI traded up $0.04 during mid-day trading on Tuesday, hitting $98.73. The company’s stock had a trading volume of 594,864 shares, compared to its average volume of 879,926. The firm has a 50-day moving average price of $90.88 and a 200 day moving average price of $90.09. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.20 and a beta of 1.30. 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 fifty-two week low of $77.77 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.29 by $0.30. The business had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior 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 predict that Itron, Inc. will post 6.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in Itron by 7,889.6% in the 2nd quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company’s stock worth $380,527,000 after buying an additional 4,342,586 shares in the last quarter. Norges Bank purchased a new stake in shares of Itron during the fourth quarter worth $63,990,000. Jupiter Topco LLC acquired a new stake in Itron during the second quarter valued at $42,466,000. Soros Fund Management LLC purchased a new position in Itron in the fourth quarter valued at about $34,843,000. Finally, Millennium Management LLC increased its position in Itron by 269.3% in the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock worth $47,068,000 after purchasing an additional 369,617 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Wall Street remains broadly optimistic. Itron has a “Moderate Buy” consensus rating from eight Buy, four Hold and one Sell recommendation, with an average price target of $131.33—well above recent trading levels. Needham raised its target to $128, while Seaport Research Partners set a $150 target. Itron analyst ratings
• Positive Sentiment: Itron’s latest quarterly results exceeded expectations on earnings, reporting $1.59 per share versus the $1.29 consensus estimate. Management also guided for third-quarter 2026 EPS of $1.50–$1.60 and full-year EPS of $6.30–$6.50. Itron earnings and guidance
• Neutral Sentiment: Institutional ownership is high at 96.19%, and several large funds recently increased or initiated positions. That suggests continued institutional interest, although ownership changes do not necessarily indicate near-term buying pressure. Itron institutional ownership
• Negative Sentiment: CFO Joan S. Hooper sold 4,406 shares worth approximately $435,577, while several senior vice presidents and the chief accounting officer collectively sold 1,213 additional shares. The concentration of sales can weigh on sentiment, even though the executives retained substantial positions and identified tax withholding—not an open-market bearish bet—as the reason for the transactions. SEC insider transaction filing
• Negative Sentiment: Revenue in the latest quarter declined 7.2% year over year to $562.9 million, slightly below analyst expectations. This contraction may temper enthusiasm despite the earnings beat and current-year guidance. Itron quarterly results

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Roth Capital restated a “buy” rating and issued a $136.00 target price on shares of Itron in a report on Wednesday, April 29th. Needham & Company LLC increased their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. 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. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. 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’s stock. According to data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average target price of $131.33.

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.