Price T Rowe Associates Inc. MD Increases Position in iRobot Co. (NASDAQ:IRBT)

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Price T Rowe Associates Inc. MD grew its holdings in iRobot Co. (NASDAQ:IRBT) by 14.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,809 shares of the industrial products company’s stock after buying an additional 1,970 shares during the period. Price T Rowe Associates Inc. MD owned 0.06% of iRobot worth $1,449,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Invesco Ltd. raised its holdings in iRobot by 1,217.3% during the second quarter. Invesco Ltd. now owns 952,798 shares of the industrial products company’s stock worth $87,314,000 after purchasing an additional 880,468 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its holdings in iRobot by 737.0% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 844,390 shares of the industrial products company’s stock valued at $99,376,000 after buying an additional 743,512 shares in the last quarter. BlackRock Inc. increased its holdings in iRobot by 6.7% in the second quarter. BlackRock Inc. now owns 4,285,781 shares of the industrial products company’s stock valued at $392,747,000 after buying an additional 267,663 shares in the last quarter. Atria Investments LLC purchased a new position in iRobot in the second quarter valued at about $45,932,000. Finally, TimesSquare Capital Management LLC purchased a new position in iRobot in the second quarter valued at about $11,867,000.

A number of brokerages have issued reports on IRBT. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $64.00 target price (down from $75.00) on shares of iRobot in a report on Friday, October 4th. Northland Securities reaffirmed a “buy” rating and issued a $105.00 target price on shares of iRobot in a report on Thursday, July 25th. Sidoti raised shares of iRobot from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a report on Thursday, August 29th. Canaccord Genuity dropped their target price on shares of iRobot from $114.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Finally, ValuEngine raised shares of iRobot from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $90.43.

In other news, Director Mohamad Ali sold 780 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total value of $47,665.80. Following the sale, the director now directly owns 12,634 shares in the company, valued at $772,063.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.01% of the stock is owned by corporate insiders.

IRBT stock opened at $56.83 on Friday. The company’s 50 day simple moving average is $61.02 and its 200-day simple moving average is $86.03. The firm has a market capitalization of $1.60 billion, a PE ratio of 13.03, a P/E/G ratio of 1.40 and a beta of 1.59. iRobot Co. has a 12 month low of $51.11 and a 12 month high of $132.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.15 and a quick ratio of 1.90.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.03 by $0.22. The business had revenue of $260.17 million for the quarter, compared to analyst estimates of $267.96 million. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. As a group, sell-side analysts anticipate that iRobot Co. will post 2.68 earnings per share for the current year.

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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