John Marcolini Sells 322 Shares of Itron (NASDAQ:ITRI) Stock

Key Points

• Itron SVP John Marcolini sold 322 shares on May 26 at an average price of $84.37, totaling about $27,167. The filing says the sale was to cover tax withholding obligations tied to vested equity awards.
• ITRI stock rose 1.0% to $85.30, though trading volume was below average. The shares remain well below their 52-week high of $142.00.
• Itron’s latest earnings beat expectations, with Q1 EPS of $1.49 versus $1.26 expected and revenue of $586.98 million above estimates. The company also guided Q2 2026 EPS to a range of 1.25 to 1.35.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP John Marcolini sold 322 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the transaction, the senior vice president owned 24,689 shares of the company's stock, valued at $2,083,010.93. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Itron Stock Up 1.0%

Shares of ITRI stock traded up $0.86 during trading hours on Wednesday, hitting $85.30. 521,981 shares of the company were exchanged, compared to its average volume of 930,161. Itron, Inc. has a 52 week low of $77.77 and a 52 week high of $142.00. The company has a current ratio of 2.66, a quick ratio of 2.24 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average of $88.19 and a two-hundred day moving average of $94.11. The company has a market capitalization of $3.78 billion, a PE ratio of 13.60, a PEG ratio of 0.73 and a beta of 1.35.

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 for the quarter, topping analysts' consensus estimates of $1.26 by $0.23. The firm had revenue of $586.98 million during the quarter, compared to analyst estimates of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 EPS. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. Analysts anticipate that Itron, Inc. will post 6.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Itron

Several large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 valued at $53,000 after buying an additional 81 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of 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 valued at $256,000 after buying an additional 94 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 valued at $41,000 after buying an additional 101 shares during the last quarter. Xponance Inc. lifted 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 valued at $468,000 after purchasing an additional 115 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its holdings in Itron by 4.7% during the first quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company's stock worth $239,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 96.19% of the company's stock.

Trending Headlines about 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.

Analysts Set New Price Targets

A number of research firms have weighed in on ITRI. Guggenheim set a $155.00 price target on Itron in a research report on Friday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of Itron from $133.00 to $113.00 and set an "overweight" rating on the stock in a report on Thursday, April 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Itron in a report on Friday, May 8th. TD Cowen lowered their price objective on shares of Itron from $145.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of Itron from a "strong sell" rating to a "hold" rating in a report on Thursday, February 26th. Eight equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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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