Itron Inc. CEO Thomas Deitrich sold 783 shares of common stock on August 20, 2026, for a total of $76,597 at $97.83 per share, according to regulatory filings. The disposal was executed to satisfy tax withholding obligations tied to the vesting of a restricted stock unit award.
The company’s shares were trading at $98.75 at the time of the transaction, near the midpoint of Itron’s 52-week range of $77.77 to $142. Following the sale, Deitrich retains direct ownership of 367,896 shares and holds an additional 25,000 shares indirectly through a trust. Itron’s market capitalization stands at $4.32 billion.
Itron reported second-quarter adjusted earnings per share of $1.59, exceeding the consensus estimate of $1.29. Revenue totaled $563 million, slightly below the $566.34 million consensus but within the company’s guidance. Adjusted gross margin reached a record 41.4%, up 460 basis points year-over-year.
Analysts have revised earnings expectations upward, with Needham raising its price target to $128 from $116 while maintaining a Buy rating. Price targets among covering analysts now range from $115 to $150.
