Thomas Deitrich Sells 37,500 Shares of Itron, Inc. (NASDAQ:ITRI) Stock

Itron, Inc. (NASDAQ:ITRI) CEO Thomas Deitrich sold 37,500 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the completion of the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at $21,519,083.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Thomas Deitrich also recently made the following trade(s):

• On Monday, August 26th, Thomas Deitrich sold 887 shares of Itron stock. The shares were sold at an average price of $102.15, for a total value of $90,607.05.

Itron Trading Up 1.3 %

Shares of ITRI stock opened at $104.93 on Friday. Itron, Inc. has a 1-year low of $56.11 and a 1-year high of $113.07. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 0.90 and a beta of 1.47. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.16 and a quick ratio of 2.61. The stock has a 50 day simple moving average of $101.16 and a 200-day simple moving average of $100.41.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.25. The company had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. Itron had a net margin of 7.98% and a return on equity of 16.42%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. On average, equities research analysts expect that Itron, Inc. will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ITRI. StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 28th. Oppenheimer upped their price target on shares of Itron from $110.00 to $112.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Guggenheim raised Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Thursday, July 11th. TD Cowen boosted their price objective on Itron from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Robert W. Baird raised their target price on Itron from $115.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $119.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ITRI. SG Americas Securities LLC increased its stake in Itron by 302.1% during the 3rd quarter. SG Americas Securities LLC now owns 7,266 shares of the scientific and technical instruments company’s stock worth $776,000 after buying an additional 5,459 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Itron by 101.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 97,515 shares of the scientific and technical instruments company’s stock worth $9,650,000 after acquiring an additional 49,183 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Itron during the second quarter worth approximately $239,000. Truist Financial Corp raised its stake in Itron by 27.5% in the 2nd quarter. Truist Financial Corp now owns 3,475 shares of the scientific and technical instruments company’s stock valued at $344,000 after purchasing an additional 750 shares during the last quarter. Finally, Quarry LP lifted its holdings in Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.