Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Laurie Ann Pulatie-Hahn sold 187 shares of the business'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 transaction of $18,294.21. Following the transaction, the senior vice president directly owned 32,108 shares of the company's stock, valued at approximately $3,141,125.64. This represents a 0.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 Tuesday, May 26th, Laurie Ann Pulatie-Hahn sold 174 shares of Itron stock. The shares were sold at an average price of $84.37, for a total transaction of $14,680.38.
Itron Stock Down 1.3%
ITRI opened at $98.69 on Tuesday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. Itron, Inc. has a one year low of $77.77 and a one year high of $142.00. The company has a fifty day moving average price of $90.88 and a 200-day moving average price of $90.09. 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 (NASDAQ:ITRI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The company had revenue of $562.90 million during the quarter, compared to analyst estimates of $566.34 million. During the same quarter last year, the company earned $1.62 earnings per share. The firm's quarterly revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Equities research analysts expect that Itron, Inc. will post 6.4 earnings per share for the current fiscal year.
Key Itron News
Here are the key news stories impacting Itron this week:
- Neutral Sentiment: CFO Joan S. Hooper sold 4,406 shares for approximately $435,577, while six senior vice presidents and the chief accounting officer collectively sold another 1,213 shares for about $118,667. The executives retained substantial holdings after the transactions, which limits the signal that management is broadly reducing its exposure. SEC Form 4 filing
- Negative Sentiment: The cluster of insider-sale disclosures may pressure investor sentiment and contribute to weakness in ITRI, particularly because the sales occurred near $98 per share. Still, the tax-withholding explanation makes the transactions less concerning than open-market sales reflecting a negative view of the business. SEC Form 4 filing
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Roth Capital reissued a "buy" rating and set a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. Seaport Research Partners reaffirmed a "buy" rating and issued a $150.00 target price on shares of Itron in a research note 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. Needham & Company LLC increased their price target on shares of Itron from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Itron in a research report on Wednesday, August 5th. Eight investment 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.com, Itron currently has an average rating of "Moderate Buy" and an average price target of $131.33.
Check Out Our Latest Analysis on ITRI
Institutional Trading of Itron
A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its position in Itron by 7,889.6% during the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company's stock valued at $380,527,000 after acquiring an additional 4,342,586 shares during the last quarter. Norges Bank purchased a new stake in shares of Itron in the 4th quarter valued at $63,990,000. Jupiter Topco LLC bought a new position in shares of Itron during the 2nd quarter valued at $42,466,000. Soros Fund Management LLC bought a new position in shares of Itron during the 4th quarter valued at $34,843,000. Finally, Millennium Management LLC raised its position in Itron by 269.3% in the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company's stock worth $47,068,000 after purchasing an additional 369,617 shares during the period. Institutional investors own 96.19% of the company's stock.
Itron Company Profile
(
Get Free Report)
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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