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Mary C. Hemmingsen, a director at Itron, Inc. (NASDAQ:ITRI), reported the sale of 750 shares of Itron common stock on February 27, according to a recent SEC filing. The shares were sold at prices ranging from $107.2699 to $107.27, generating a total of $80,452. The technology company, currently valued at $4.85 billion, has seen its stock surge approximately 14% in the past week, according to InvestingPro data. Following these transactions, Hemmingsen holds 5,630 shares of the company. InvestingPro analysis shows Itron maintains strong financial health with a robust current ratio of 3.44, indicating solid liquidity. Subscribers can access 7 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, Itron has reported strong financial results for the fourth quarter, with earnings per share (EPS) reaching $1.35, surpassing analyst estimates of $1.05. The company’s revenue also exceeded forecasts, totaling $612.99 million, a 6% increase from the previous year. Itron’s guidance for the full year of 2025 is optimistic, with projected EPS between $5.20 and $5.60 and revenue expectations ranging from $2.4 billion to $2.5 billion. Analysts have responded positively, with Piper Sandler raising Itron’s price target to $124, citing favorable guidance and strong bookings. TD Cowen increased the target to $139, highlighting robust bookings and a promising outlook for the Outcomes business. Canaccord Genuity adjusted their target to $132, maintaining a Buy rating, while Oppenheimer lifted their target to $131, noting the company’s strong demand and financial position. These developments indicate a positive trajectory for Itron, as it continues to navigate challenges and capitalize on growth opportunities in the energy and water management sectors.
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