Itron (NASDAQ:ITRI) SVP Sells $24,758.50 in Stock

Key Points

• Itron SVP Donald Reeves III sold 293 shares on May 27 at an average price of $84.50, totaling $24,758.50. After the sale, he still held 28,807 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
• The stock traded lower in Thursday’s session, falling 1.3% to $84.18. Shares remain below both the 50-day and 200-day moving averages, though institutional ownership is still high at 96.19%.
• Itron’s latest earnings topped expectations, with Q1 EPS of $1.49 versus the $1.26 consensus and revenue of $586.98 million above forecasts. Analysts remain generally bullish, with a consensus Moderate Buy rating and an average target price of $131.22.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Donald Reeves III sold 293 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $84.50, for a total value of $24,758.50. Following the sale, the senior vice president directly owned 28,807 shares of the company's stock, valued at $2,434,191.50. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Itron Trading Down 1.3%

NASDAQ:ITRI traded down $1.12 on Thursday, hitting $84.18. 424,343 shares of the stock were exchanged, compared to its average volume of 923,331. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 0.74 and a beta of 1.35. 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 quick ratio of 2.24 and a current ratio of 2.66. The company's 50-day moving average price is $88.07 and its 200 day moving average price is $93.96.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.23. The firm had revenue of $586.98 million during 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 company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, equities research analysts forecast that Itron, Inc. will post 6.01 earnings per share for the current year.

Hedge Funds Weigh In On Itron

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position in Itron by 343.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 346 shares of the scientific and technical instruments company's stock worth $46,000 after acquiring an additional 268 shares during the last quarter. M&T Bank Corp boosted its position in Itron by 10.0% during the 2nd quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company's stock worth $282,000 after acquiring an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Itron by 25.3% during 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. Jump Financial LLC acquired a new position in Itron during the 2nd quarter worth approximately $1,609,000. Finally, Cerity Partners LLC boosted its position in Itron by 10.2% during the 2nd quarter. Cerity Partners LLC now owns 5,431 shares of the scientific and technical instruments company's stock worth $715,000 after acquiring an additional 503 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

Itron News Roundup

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron released a new Locusview Connector for SAP S/4HANA, expanding its digital construction management platform and potentially strengthening its utility resiliency and software offering. Itron Releases Locusview Connector for SAP S/4HANA to Enhance Utility Resiliency
• Positive Sentiment: Itron also expanded its collaboration with Hunter Water in Australia, which will deploy 2,000 digital water meters and use Itron’s Temetra software to improve leak detection and operational efficiency. Hunter Water Expands Collaboration with Itron to Advance Digital Metering Program
• Neutral Sentiment: Several insiders sold small blocks of stock at around $84.37, but the company said the trades were to cover tax obligations related to equity awards, making them more routine than bearish.
• Neutral Sentiment: Analysts remain constructive overall, with a consensus “Moderate Buy” rating and a price target above current trading levels, though the stock is still below its 50-day and 200-day moving averages.
• Negative Sentiment: The biggest negative catalyst is the wave of insider selling across Itron’s executive ranks, which may be pressuring investor confidence despite being non-open-market-related in some cases. Insider Selling: Itron NASDAQ: ITRI CFO Sells 442 Shares of Stock

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ITRI shares. Robert W. Baird set a $128.00 price objective on Itron and gave the stock an "outperform" rating in a report on Wednesday, February 18th. Weiss Ratings restated a "hold (c)" rating on shares of Itron in a research report on Friday, May 8th. Oppenheimer boosted their target price on Itron from $133.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, April 16th. TD Cowen decreased their target price on Itron from $145.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 29th. Finally, Needham & Company LLC assumed coverage on Itron in a research report on Friday, March 6th. They set a "buy" rating and a $124.00 target price for the company. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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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