Itron (NASDAQ:ITRI) SVP Sells $14,680.38 in Stock

Key Points

• Itron SVP Laurie Ann Pulatie-Hahn sold 174 shares on May 26 at an average price of $84.37, totaling $14,680.38. The company said the sale was to cover tax withholding tied to vested equity awards.
• The insider’s remaining stake is still large, with 32,295 shares valued at about $2.72 million after the transaction. This trade reduced her position by just 0.54%.
• Itron’s stock was up 1.0% to $85.30 in Wednesday trading, while the company recently reported Q1 EPS of $1.49, topping analyst estimates of $1.26. Revenue also came in ahead of expectations, though it was still down 3.3% year over year.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Laurie Ann Pulatie-Hahn sold 174 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $14,680.38. Following the sale, the senior vice president directly owned 32,295 shares of the company's stock, valued at approximately $2,724,729.15. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Laurie Ann Pulatie-Hahn also recently made the following trade(s):

• On Wednesday, May 20th, Laurie Ann Pulatie-Hahn sold 181 shares of Itron stock. The shares were sold at an average price of $79.60, for a total value of $14,407.60.
• On Monday, May 11th, Laurie Ann Pulatie-Hahn sold 124 shares of Itron stock. The shares were sold at an average price of $81.59, for a total value of $10,117.16.

Itron Trading Up 1.0%

ITRI stock traded up $0.86 during trading on Wednesday, reaching $85.30. 521,981 shares of the stock traded hands, compared to its average volume of 930,161. The business's 50 day moving average price is $88.19 and its 200-day moving average price is $94.11. Itron, Inc. has a 52-week low of $77.77 and a 52-week high of $142.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24. The firm has a market capitalization of $3.78 billion, a PE ratio of 13.60, a P/E/G ratio of 0.73 and a beta of 1.35.

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

Institutional Trading of Itron

Institutional investors and hedge funds have recently bought and sold shares of the company. Employees Retirement System of Texas acquired a new stake in Itron during the third quarter valued at approximately $32,000. Private Trust Co. NA raised its stake in Itron by 112.4% during the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 145 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Itron during the third quarter valued at approximately $36,000. Northwestern Mutual Wealth Management Co. raised its stake in Itron by 343.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company's stock valued at $46,000 after buying an additional 268 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Itron during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 96.19% of the company's stock.

Analysts Set New Price Targets

ITRI has been the subject of several analyst reports. Raymond James Financial initiated coverage on Itron in a research report on Tuesday, April 21st. They issued an "underperform" rating for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Itron in a research report on Friday, May 8th. Guggenheim set a $155.00 target price on Itron in a research report on Friday, February 13th. JPMorgan Chase & Co. reduced their price target on Itron from $133.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 16th. Finally, TD Cowen reduced their price target on Itron from $145.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Itron presently has an average rating of "Moderate Buy" and a consensus price target of $131.22.

More Itron News

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.

About Itron

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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