Donald Reeves III Sells 1,071 Shares of Itron (NASDAQ:ITRI) Stock

24 Feb 2026, 00:22 by Kim Johansen · The Markets Daily

Itron, Inc. (NASDAQ:ITRI – Get Free Report) SVP Donald Reeves III sold 1,071 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $100.17, for a total value of $107,282.07. Following the sale, the senior vice president directly owned 32,069 shares of the company’s stock, valued at $3,212,351.73. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Itron Stock Down 4.4%

Shares of NASDAQ:ITRI traded down $4.33 during mid-day trading on Monday, hitting $95.21. 2,762,408 shares of the company traded hands, compared to its average volume of 824,922. The stock has a market cap of $4.28 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.86 and a beta of 1.48. The company has a current ratio of 1.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.45. Itron, Inc. has a 12-month low of $88.57 and a 12-month high of $142.00. The stock has a 50-day moving average price of $97.72 and a two-hundred day moving average price of $109.93.

Itron (NASDAQ:ITRI – Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.27. Itron had a return on equity of 20.04% and a net margin of 12.72%.The business had revenue of $571.66 million during the quarter, compared to analyst estimates of $561.31 million. During the same period in the prior year, the firm posted $1.35 EPS. Itron’s quarterly revenue was down 6.7% compared to the same quarter last year. Itron has set its Q1 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 5.750-6.250 EPS. On average, equities research analysts forecast that Itron, Inc. will post 5.33 earnings per share for the current year.

Hedge Funds Weigh In On Itron

Institutional investors have recently bought and sold shares of the company. CWM LLC increased its position in Itron by 8.9% in the second quarter. CWM LLC now owns 2,441 shares of the scientific and technical instruments company’s stock worth $321,000 after buying an additional 200 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Itron during the 2nd quarter valued at $692,000. Nisa Investment Advisors LLC lifted its position in shares of Itron by 20.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,008 shares of the scientific and technical instruments company’s stock valued at $133,000 after buying an additional 168 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Itron by 43.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 110,683 shares of the scientific and technical instruments company’s stock worth $14,569,000 after acquiring an additional 33,623 shares during the period. Finally, Bessemer Group Inc. increased its holdings 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 worth $34,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

ITRI has been the subject of several analyst reports. Guggenheim set a $155.00 price objective on shares of Itron in a research note on Friday, February 13th. Johnson Rice raised Itron from an “accumulate” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, January 5th. Oppenheimer increased their price target on Itron from $125.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Zacks Research cut Itron from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Finally, Robert W. Baird set a $128.00 target price on Itron and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.90.

Check Out Our Latest Stock Report on Itron

Key Headlines Impacting Itron

Here are the key news stories impacting Itron this week:

Neutral Sentiment: Itron announced a $600.0 million offering of convertible senior notes — this raises cash but can be dilutive if converted; market reaction depends on use of proceeds and conversion terms. Itron Announces $600.0 Million Convertible Senior Notes
Negative Sentiment: SVP Christopher E. Ware sold 4,486 shares at ~$99.54 (reducing his stake ~12.36%). Form 4 – Christopher E. Ware
Negative Sentiment: SVP Donald L. Reeves III sold 5,419 shares at ~$99.54 (reducing his stake ~14.05%). Form 4 – Donald L. Reeves III
Negative Sentiment: SVP Laurie Ann Pulatie‑Hahn sold 3,755 shares at ~$99.54 (reducing her stake ~10.03%). Form 4 – Laurie Ann Pulatie‑Hahn
Negative Sentiment: SVP Justin K. Patrick sold 4,930 shares at ~$99.54 (reducing his stake ~12.55%). Form 4 – Justin K. Patrick
Negative Sentiment: SVP John F. Marcolini sold 6,948 shares at ~$99.54 (reducing his stake ~20.52%). Form 4 – John F. Marcolini
Negative Sentiment: CFO Joan S. Hooper sold 15,293 shares at ~$99.54 (reducing her stake ~10.96%); a CFO sale of this size is often viewed negatively by investors. Form 4 – Joan S. Hooper

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.