Itron, Inc. (NASDAQ:ITRI) CFO Sells $215,713.80 in Stock

Itron, Inc. (NASDAQ:ITRI) CFO Joan S. Hooper sold 2,322 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $215,713.80. Following the completion of the transaction, the chief financial officer now owns 92,076 shares in the company, valued at approximately $8,553,860.40. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Itron Price Performance

NASDAQ:ITRI opened at $106.89 on Friday. Itron, Inc. has a 52-week low of $86.13 and a 52-week high of $124.90. The stock has a fifty day moving average of $104.98 and a 200 day moving average of $106.85. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 0.81 and a beta of 1.46.

Institutional Trading of Itron

A number of large investors have recently modified their holdings of ITRI. Louisiana State Employees Retirement System raised its stake in Itron by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the scientific and technical instruments company’s stock valued at $2,367,000 after purchasing an additional 100 shares in the last quarter. Quarry LP increased its holdings in shares of Itron by 29.0% in the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 102 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 102 shares in the last quarter. Stifel Financial Corp raised its position in shares of Itron by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock valued at $526,000 after buying an additional 108 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Itron by 26.1% during the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 96.19% of the company’s stock.

Wall Street Analyst Weigh In

ITRI has been the topic of several research reports. Robert W. Baird boosted their target price on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com raised shares of Itron from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Guggenheim lowered their target price on shares of Itron from $135.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday. Roth Mkm raised their price target on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler lifted their price target on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.64.

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.