Itron Inc. (NASDAQ: ITRI) Chief Executive Officer Thomas Deitrich sold 783 ordinary shares on August 20 for a total of $76,597, according to a regulatory filing. The transaction price of $97.8259 per share was below the company’s closing price of $98.75 on the same day, aligning with the vesting of a restricted stock unit award.
The disposal was executed to cover tax withholding obligations tied to the stock award, a common practice for executives managing equity compensation. Deitrich retains direct ownership of 367,896 shares and holds an additional 25,000 shares indirectly through a trust, according to the filing.
Itron’s shares have traded between $77.77 and $142 over the past 52 weeks, with the stock last quoted at $98.62, down 1.41%. The company’s market capitalization stands at approximately $4.32 billion, supported by a price-to-earnings ratio of 16.51. InvestingPro rates Itron’s financial health as "GOOD."
Analysts at Needham recently raised their price target for Itron to $128 from $116 while maintaining a buy rating, with price targets ranging from $115 to $150. Six analysts have revised earnings estimates upward in recent weeks.
The transaction follows Itron’s second-quarter results, which reported adjusted earnings per share of $1.59, exceeding the consensus estimate of $1.29. Revenue totaled $562.9 million, slightly below the $566.34 million consensus but in line with company guidance. Adjusted gross margin reached a record 41.4%, up 460 basis points year-over-year, driven by recurring revenue growth and an upgraded full-year outlook for 2026.
