Insider Selling: Itron (NASDAQ:ITRI) CFO Sells $44,949.45 in Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan Hooper sold 455 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 $44,949.45. Following the completion of the transaction, the chief financial officer directly owned 118,440 shares in the company, valued at approximately $11,700,687.60. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Up 0.4%

Shares of Itron stock opened at $99.27 on Friday. The business has a fifty day simple moving average of $91.99 and a 200 day simple moving average of $90.03. The stock has a market cap of $4.35 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. Itron, Inc. has a 12 month low of $77.77 and a 12 month 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 earnings per share 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 for the quarter, compared to analyst estimates of $566.34 million. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Research analysts predict that Itron, Inc. will post 6.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ITRI. Seaport Research Partners reissued a “buy” rating and set a $150.00 price objective on shares of Itron in a research note on Wednesday, July 29th. Robert W. Baird set a $125.00 target price on shares of Itron in a research note on Wednesday, July 29th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Itron in a report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Wednesday, August 5th. Finally, Needham & Company LLC boosted their price target on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Eight equities 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.33.

Hedge Funds Weigh In On Itron

Several institutional investors have recently modified their holdings of ITRI. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Itron in the 2nd quarter valued at approximately $299,000. California State Teachers Retirement System raised its holdings in Itron by 7,889.6% during 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 during the period. Readystate Asset Management LP acquired a new stake in Itron during the 2nd quarter worth approximately $1,809,000. AlphaGrep UK Ltd bought a new position in Itron in the second quarter valued at approximately $232,000. Finally, Raiffeisen Bank International AG lifted its stake in Itron by 5.9% in the second quarter. Raiffeisen Bank International AG now owns 250,000 shares of the scientific and technical instruments company’s stock valued at $20,930,000 after buying an additional 14,000 shares in the last quarter. 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.