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On June 4, 2025, Thomas Deitrich, President and CEO of Itron, Inc. (NASDAQ:ITRI), a $5.45 billion market cap company trading near its 52-week high, executed significant stock transactions according to an SEC Form 4 filing. Deitrich sold a total of 35,461 shares of Itron common stock, resulting in proceeds of approximately $4.2 million. The shares were sold at prices ranging from $119.6602 to $120.1645 per share.
In a related transaction, Deitrich also exercised stock options to acquire 35,461 shares at a price of $40.05 per share, under a Rule 10b5-1 trading plan he adopted on March 4, 2025. Following these transactions, Deitrich’s direct ownership in Itron stands at 262,028 shares. According to InvestingPro, the company maintains a "GREAT" overall financial health score, with strong liquidity and moderate debt levels.
These transactions reflect Deitrich’s ongoing management of his holdings in the company, conducted under pre-established trading plans. With the stock currently showing overbought signals and trading at a P/E ratio of 21.4, investors can access detailed valuation analysis and 8 additional key insights through InvestingPro’s comprehensive research report.
In other recent news, Itron Inc. reported its first-quarter 2025 earnings, achieving an earnings per share (EPS) of $1.52, which exceeded analyst expectations of $1.32. However, the revenue fell slightly short, coming in at $607 million compared to the forecasted $614.49 million. The company announced an increase in authorized shares from 75 million to 150 million, providing more flexibility for future corporate needs. Additionally, Itron has updated its bylaws and removed specific language concerning Series R Participating Cumulative Preferred Stock. In a strategic move, Itron partnered with 4Liberty to enhance grid edge intelligence solutions for utilities, aiming to optimize technology investments and meet regulatory demands. The partnership leverages 4Liberty’s expertise in utility program management to maximize Itron’s technology benefits. Furthermore, Itron maintains a strong backlog of $4.7 billion, with 70% of this being recurring revenue. The company also ratified the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for fiscal year 2025.
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