Insider Selling: Itron (NASDAQ:ITRI) SVP Sells 216 Shares of Stock

Key Points

• Itron SVP Justin Patrick sold 216 shares on May 26 at an average price of $84.37, totaling $18,223.92. The company said the sale was to cover tax withholding obligations tied to vested equity awards.
• Itron’s stock was trading at $85.30 after the report, near its 52-week low of $77.77 and well below its 52-week high of $142.00. The company has a market cap of about $3.78 billion and recent trading volume was below average.
• Despite insider sales, Itron reported better-than-expected quarterly results, with EPS of $1.49 versus estimates of $1.26 and revenue of $586.98 million versus expectations of $572.04 million. Analysts currently rate the stock a Moderate Buy with a consensus price target of $131.22.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Justin Patrick sold 216 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total value of $18,223.92. Following the completion of the transaction, the senior vice president directly owned 32,709 shares in the company, valued at $2,759,658.33. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Performance

NASDAQ:ITRI traded up $0.86 on Wednesday, hitting $85.30. The stock had a trading volume of 521,981 shares, compared to its average volume of 930,161. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The business's 50-day simple moving average is $88.19 and its two-hundred day simple moving average is $94.11. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last announced its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.23. The business had revenue of $586.98 million for the quarter, compared to analysts' expectations of $572.04 million. Itron had a return on equity of 19.54% and a net margin of 12.31%.The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. As a group, research analysts predict that Itron, Inc. will post 6.01 earnings per share for the current year.

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron announced a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron expanded its collaboration with Hunter Water in Australia, where the utility will deploy 2,000 Itron digital water meters and use Temetra software to improve leak detection, water conservation, and network efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several Itron executives, including the CFO and multiple senior vice presidents, sold small amounts of stock this week. The company said the sales were made to cover tax withholding obligations tied to vested equity awards, which makes the transactions less concerning than open-market selling for investment reasons.
• Neutral Sentiment: The insider activity is still worth watching because Itron insiders have sold shares repeatedly over the past six months, with no reported open-market purchases in that period.
• Negative Sentiment: Despite the positive contract news, the cluster of insider sales may weigh on sentiment and reinforce caution after the stock’s weaker recent trend.

Institutional Trading of Itron

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company's stock worth $53,000 after acquiring an additional 81 shares during the last quarter. PFG Investments LLC increased its stake in Itron by 4.8% in the 3rd quarter. PFG Investments LLC now owns 2,059 shares of the scientific and technical instruments company's stock worth $256,000 after acquiring an additional 94 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company's stock worth $41,000 after acquiring an additional 101 shares during the last quarter. Xponance Inc. increased its stake in Itron by 3.2% in the 3rd quarter. Xponance Inc. now owns 3,757 shares of the scientific and technical instruments company's stock worth $468,000 after acquiring an additional 115 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its stake in Itron by 4.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company's stock worth $239,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 96.19% of the company's stock.

Analysts Set New Price Targets

ITRI has been the topic of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Itron in a research report on Friday, May 8th. Zacks Research raised Itron from a "strong sell" rating to a "hold" rating in a research report on Thursday, February 26th. Needham & Company LLC assumed coverage on Itron in a research report on Friday, March 6th. They set a "buy" rating and a $124.00 price objective on the stock. Guggenheim set a $155.00 price objective on Itron in a research report on Friday, February 13th. Finally, Oppenheimer lifted their price objective on Itron from $133.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, April 16th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.22.

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.

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