Itron, Inc. (NASDAQ:ITRI – Get Free Report) SVP John Marcolini sold 275 shares of Itron stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $97.83, for a total transaction of $26,903.25. Following the sale, the senior vice president owned 13,014 shares in the company, valued at approximately $1,273,159.62. This trade represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Itron Stock Down 1.3%
Shares of ITRI opened at $98.69 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $90.88 and a two-hundred day moving average price of $90.09. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.20 and a beta of 1.30. Itron, Inc. has a 12 month low of $77.77 and a 12 month high of $142.00.
Itron (NASDAQ:ITRI – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 19.26% and a net margin of 11.90%.The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Equities analysts predict that Itron, Inc. will post 6.4 EPS for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Itron
Key Stories Impacting Itron
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
Hedge Funds Weigh In On Itron
Several institutional investors have recently bought and sold shares of ITRI. Employees Retirement System of Texas acquired a new position in Itron in the third quarter worth $32,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Itron by 343.6% in 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Itron in the third quarter valued at about $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of Itron by 25.3% in the second 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. Finally, PenderFund Capital Management Ltd. acquired a new position in Itron during the 2nd quarter worth about $35,000. Institutional investors own 96.19% of the company’s stock.
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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