Carillon Tower Advisers Inc. lessened its position in shares of iRobot Co. (NASDAQ:IRBT) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,429 shares of the industrial products company’s stock after selling 2,882 shares during the quarter. Carillon Tower Advisers Inc. owned about 0.19% of iRobot worth $5,653,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of IRBT. FMR LLC raised its stake in shares of iRobot by 509.3% during the 2nd quarter. FMR LLC now owns 2,105,907 shares of the industrial products company’s stock worth $159,565,000 after acquiring an additional 1,760,300 shares in the last quarter. Columbus Circle Investors bought a new position in shares of iRobot during the 3rd quarter worth approximately $22,893,000. Voya Investment Management LLC raised its stake in shares of iRobot by 34.8% during the 2nd quarter. Voya Investment Management LLC now owns 617,148 shares of the industrial products company’s stock worth $46,761,000 after acquiring an additional 159,478 shares in the last quarter. Global X Management Co LLC raised its stake in shares of iRobot by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 572,553 shares of the industrial products company’s stock worth $43,382,000 after acquiring an additional 83,575 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of iRobot by 182.5% during the 3rd quarter. Wells Fargo & Company MN now owns 76,502 shares of the industrial products company’s stock worth $8,409,000 after acquiring an additional 49,426 shares in the last quarter.
Several research analysts recently commented on the stock. Piper Jaffray Companies reduced their price objective on shares of iRobot to $82.00 and set a “neutral” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research downgraded shares of iRobot from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Dougherty & Co reissued a “neutral” rating on shares of iRobot in a research report on Wednesday, October 24th. BidaskClub downgraded shares of iRobot from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Finally, Canaccord Genuity initiated coverage on shares of iRobot in a research report on Monday, November 5th. They set a “buy” rating and a $115.00 target price on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. iRobot currently has an average rating of “Buy” and an average price target of $86.67.
NASDAQ:IRBT opened at $95.40 on Monday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 53.90, a P/E/G ratio of 1.74 and a beta of 1.73. iRobot Co. has a twelve month low of $55.77 and a twelve month high of $118.75.
iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.64. The company had revenue of $264.50 million for the quarter, compared to the consensus estimate of $245.12 million. iRobot had a net margin of 6.52% and a return on equity of 15.95%. iRobot’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, equities analysts expect that iRobot Co. will post 2.68 earnings per share for the current year.
In other news, Director Mohamad Ali sold 743 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $111.10, for a total value of $82,547.30. Following the sale, the director now directly owns 12,289 shares of the company’s stock, valued at approximately $1,365,307.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Colin M. Angle sold 63,070 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $90.10, for a total transaction of $5,682,607.00. Following the completion of the sale, the chief executive officer now directly owns 516,781 shares in the company, valued at $46,561,968.10. The disclosure for this sale can be found here. Insiders sold a total of 205,713 shares of company stock worth $20,903,917 over the last ninety days. Insiders own 4.49% of the company’s stock.
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iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.
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