Itron (NASDAQ:ITRI) Upgraded at Zacks Research

Zacks Research upgraded shares of Itron (NASDAQ:ITRI) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other brokerages have also recently commented on ITRI. Guggenheim set a $155.00 price target on shares of Itron in a research report on Friday, February 13th. Oppenheimer lifted their target price on Itron from $125.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Robert W. Baird set a $128.00 price target on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Johnson Rice upgraded Itron from an “accumulate” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Monday, January 5th. Finally, Wall Street Zen lowered shares of Itron from a “buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Itron currently has a consensus rating of “Moderate Buy” and an average price target of $138.56.

Itron Price Performance

Shares of NASDAQ ITRI opened at $93.95 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.80 and a debt-to-equity ratio of 0.45. Itron has a fifty-two week low of $88.57 and a fifty-two week high of $142.00. The business has a 50 day moving average price of $97.80 and a two-hundred day moving average price of $109.02. The firm has a market cap of $4.22 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.48.

Itron (NASDAQ:ITRI) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.19 by $0.27. The company had revenue of $571.66 million during the quarter, compared to analysts’ expectations of $561.31 million. Itron had a return on equity of 20.04% and a net margin of 12.72%.The business’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts expect that Itron will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Itron

In related news, SVP Donald L. Reeves III sold 5,419 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total value of $539,407.26. Following the sale, the senior vice president owned 33,140 shares of the company’s stock, valued at $3,298,755.60. This trade represents a 14.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John F. Marcolini sold 6,948 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $99.54, for a total transaction of $691,603.92. Following the transaction, the senior vice president directly owned 26,912 shares of the company’s stock, valued at $2,678,820.48. The trade was a 20.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 47,647 shares of company stock valued at $4,746,590. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Large investors have recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its position in Itron by 112.4% during the 4th quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 145 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Itron in the second quarter worth about $30,000. Employees Retirement System of Texas acquired a new stake in Itron in the third quarter worth about $32,000. Bessemer Group Inc. grew its position in Itron by 125.7% in the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 142 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in Itron in the 3rd quarter valued at about $36,000. 96.19% of the stock is currently owned by institutional investors and hedge funds.

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.