Raymond James Financial Services Advisors Inc. Acquires 185 Shares of iRobot Co. (NASDAQ:IRBT)

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Raymond James Financial Services Advisors Inc. lifted its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,404 shares of the industrial products company’s stock after purchasing an additional 185 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in iRobot were worth $754,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Osborn Williams & Donohoe LLC acquired a new position in shares of iRobot during the first quarter worth $29,000. Capital Investment Advisory Services LLC acquired a new position in shares of iRobot during the fourth quarter worth $39,000. Bruderman Asset Management LLC acquired a new position in shares of iRobot during the fourth quarter worth $58,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of iRobot by 16.7% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 100 shares during the period. Finally, Optimum Investment Advisors lifted its holdings in shares of iRobot by 225.0% during the fourth quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 97.16% of the company’s stock.

In related news, CFO Alison Dean sold 23,625 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $126.12, for a total value of $2,979,585.00. Following the transaction, the chief financial officer now owns 68,765 shares in the company, valued at $8,672,641.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Deborah G. Ellinger sold 2,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director now owns 16,726 shares in the company, valued at approximately $2,174,380. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,939 shares of company stock worth $8,274,352. 3.01% of the stock is owned by company insiders.

IRBT has been the topic of a number of recent research reports. Northland Securities reiterated a “buy” rating and set a $130.00 price target on shares of iRobot in a report on Tuesday, April 9th. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. ValuEngine lowered shares of iRobot from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Needham & Company LLC lowered shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 price target on the stock. in a report on Tuesday, March 19th. They noted that the move was a valuation call. Finally, Sidoti lowered shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 price target on the stock. in a report on Thursday, February 21st. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $114.12.

IRBT stock opened at $90.12 on Tuesday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 20.67, a PEG ratio of 1.38 and a beta of 1.69. The company has a current ratio of 3.22, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. iRobot Co. has a 12-month low of $69.41 and a 12-month high of $132.88.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.16. The business had revenue of $237.66 million for the quarter, compared to analyst estimates of $251.40 million. iRobot had a net margin of 8.09% and a return on equity of 17.64%. iRobot’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equities analysts anticipate that iRobot Co. will post 3.25 earnings per share for the current fiscal year.

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iRobot Company Profile

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 stairs.

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Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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