Key Points
- Itron SVP Justin Patrick sold 10,210 shares at an average price of $97.36, totaling approximately $994,046. The Rule 10b5-1 transaction reduced his direct holdings by 31.63% to 22,065 shares.
- Itron beat quarterly EPS expectations, reporting $1.59 versus the $1.29 consensus, although revenue of $562.9 million fell short of estimates and declined 7.2% year over year. The company guided for fiscal 2026 EPS of $6.30–$6.50.
- Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $131.33, well above its reported opening price of $97.01.
Itron, Inc. (NASDAQ:ITRI - Get Free Report) SVP Justin Patrick sold 10,210 shares of the firm's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $97.36, for a total transaction of $994,045.60. Following the completion of the sale, the senior vice president directly owned 22,065 shares in the company, valued at approximately $2,148,248.40. This trade represents a 31.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Itron Stock Performance
Itron stock opened at $97.01 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. The firm has a market cap of $4.25 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.15 and a beta of 1.33. Itron, Inc. has a 1-year low of $77.77 and a 1-year high of $142.00. The firm has a 50-day moving average of $93.71 and a 200-day moving average of $89.98.
Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) 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 the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.Itron's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts expect that Itron, Inc. will post 6.41 EPS for the current year.
Hedge Funds Weigh In On Itron
Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Itron by 7,889.6% in the second quarter. California State Teachers Retirement System now owns 4,397,628 shares of the scientific and technical instruments company's stock worth $380,527,000 after purchasing an additional 4,342,586 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Itron by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,536,081 shares of the scientific and technical instruments company's stock valued at $137,659,000 after buying an additional 265,039 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Itron by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,144,982 shares of the scientific and technical instruments company's stock worth $106,340,000 after buying an additional 6,598 shares during the period. First Trust Advisors LP boosted its holdings in Itron by 22.2% in the 1st quarter. First Trust Advisors LP now owns 969,228 shares of the scientific and technical instruments company's stock worth $86,872,000 after buying an additional 176,053 shares during the period. Finally, Norges Bank purchased a new stake in Itron in the 4th quarter worth $63,990,000. 96.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on ITRI shares. Zacks Research upgraded Itron from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 27th. Needham & Company LLC raised their target price on Itron from $116.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Itron in a research report on Wednesday, August 5th. Robert W. Baird set a $125.00 price target on Itron in a report on Wednesday, July 29th. Finally, Stephens restated an "overweight" rating and issued a $130.00 price target on shares of Itron in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Itron has an average rating of "Moderate Buy" and an average target price of $131.33.
Check Out Our Latest Stock Analysis on ITRI
About Itron
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
