Itron (NASDAQ:ITRI) SVP Donald Reeves III Sells 329 Shares

Key Points

• Insider sale: Itron SVP Donald Reeves III sold 329 shares for approximately $32,502 to cover tax withholding tied to vested equity awards, reducing his stake by 1.16% while retaining 27,945 shares.
• Quarterly performance: Itron reported adjusted EPS of $1.59, beating estimates of $1.29, but revenue fell 7.2% year over year to $562.9 million and slightly missed forecasts. Management guided for full-year 2026 EPS of $6.30–$6.50.
• Market outlook: Analysts maintain a “Moderate Buy” consensus with a $131.33 average price target versus the stock’s recent price near $98.73. Institutional investors own 96.19% of Itron, with several major funds recently increasing or initiating positions.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Donald Reeves III sold 329 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.79, for a total transaction of $32,501.91. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 0.0%

Shares of Itron stock traded up $0.04 during trading hours on Tuesday, reaching $98.73. 594,864 shares of the company's stock were exchanged, compared to its average volume of 879,926. The stock has a market cap of $4.32 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.20 and a beta of 1.30. The company has a 50 day moving average of $90.88 and a two-hundred day moving average of $90.09. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly 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 firm 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 quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, sell-side analysts forecast that Itron, Inc. will post 6.4 EPS for the current fiscal year.

Institutional Trading of Itron

A number of institutional investors and hedge funds have recently made changes to their positions in ITRI. California State Teachers Retirement System increased its stake in shares of 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 valued at $380,527,000 after purchasing an additional 4,342,586 shares during the last quarter. Norges Bank acquired a new stake in Itron in the fourth quarter valued at approximately $63,990,000. Jupiter Topco LLC acquired a new position in shares of Itron during the second quarter worth $42,466,000. Soros Fund Management LLC bought a new stake in Itron during the 4th quarter worth $34,843,000. Finally, Millennium Management LLC raised its position in Itron by 269.3% in the fourth quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company's stock valued at $47,068,000 after purchasing an additional 369,617 shares during the last quarter. Institutional investors own 96.19% of the company's stock.

Trending Headlines about Itron

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. TD Cowen lowered their price target on Itron from $145.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Roth Capital reissued a "buy" rating and issued a $136.00 price objective on shares of Itron in a research report on Wednesday, April 29th. Robert W. Baird set a $125.00 price target on shares of Itron in a research note on Wednesday, July 29th. Seaport Research Partners restated a "buy" rating and set a $150.00 price objective on shares of Itron in a report on Wednesday, July 29th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Itron in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Itron currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source