Itron (NASDAQ:ITRI) SVP Sells $27,979.38 in Stock

Key Points

• Itron SVP Donald Reeves III sold 286 shares at an average price of $97.83, generating $27,979.38. The transaction reduced his direct holdings by 0.99% and was intended to cover tax withholding on vested equity awards.
• Itron shares fell 1.4% to $98.67 during Monday trading. The company recently reported quarterly earnings of $1.59 per share, beating estimates of $1.29, while revenue declined 7.2% year over year to $562.9 million.
• Analysts maintain a generally favorable outlook, with eight Buy, four Hold and one Sell rating; the consensus is “Moderate Buy” with a target price of $131.33. Institutional investors own 96.19% of Itron’s stock.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Donald Reeves III sold 286 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $97.83, for a total value of $27,979.38. Following the completion of the sale, the senior vice president directly owned 28,521 shares of the company's stock, valued at $2,790,209.43. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Down 1.4%

Shares of NASDAQ:ITRI traded down $1.36 during midday trading on Monday, hitting $98.67. 67,883 shares of the company's stock were exchanged, compared to its average volume of 879,781. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00. The company has a market cap of $4.32 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. The stock has a 50 day moving average price of $90.52 and a 200-day moving average price of $90.11.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.30. The company had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. The firm's revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm earned $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 anticipate that Itron, Inc. will post 6.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird set a $125.00 price target on shares of Itron in a report on Wednesday, July 29th. Zacks Research upgraded shares of Itron from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Roth Capital reissued a "buy" rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Weiss Ratings restated a "hold (c)" rating on shares of Itron in a research report on Wednesday, August 5th. Finally, Needham & Company LLC lifted their price target on Itron from $116.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. 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 stock. According to data from MarketBeat.com, Itron currently has an average rating of "Moderate Buy" and a consensus target price of $131.33.

Hedge Funds Weigh In On Itron

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position 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 during the period. M&T Bank Corp lifted its stake in shares of Itron by 10.0% in the 2nd quarter. M&T Bank Corp now owns 2,141 shares of the scientific and technical instruments company's stock valued at $282,000 after acquiring an additional 194 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $53,000 after acquiring an additional 81 shares during the period. Jump Financial LLC bought a new position in Itron during the 2nd quarter worth approximately $1,609,000. Finally, Cerity Partners LLC grew 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. Institutional investors own 96.19% of the company's stock.

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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