Scout Investments Inc. reduced its position in iRobot Corporation (NASDAQ:IRBT) by 31.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,850 shares of the industrial products company’s stock after selling 32,425 shares during the period. Scout Investments Inc. owned 0.26% of iRobot Corporation worth $5,961,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of iRobot Corporation by 124,694.7% in the first quarter. BlackRock Inc. now owns 3,303,315 shares of the industrial products company’s stock worth $218,483,000 after buying an additional 3,300,668 shares during the period. Vanguard Group Inc. increased its stake in shares of iRobot Corporation by 27.4% in the first quarter. Vanguard Group Inc. now owns 2,964,760 shares of the industrial products company’s stock worth $196,089,000 after buying an additional 637,890 shares during the period. Wellington Management Group LLP increased its stake in shares of iRobot Corporation by 204.0% in the first quarter. Wellington Management Group LLP now owns 426,986 shares of the industrial products company’s stock worth $28,241,000 after buying an additional 286,510 shares during the period. Rothschild Asset Management Inc. acquired a new stake in shares of iRobot Corporation during the first quarter worth about $16,374,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of iRobot Corporation during the first quarter worth about $16,158,000. Institutional investors own 82.73% of the company’s stock.

Shares of iRobot Corporation (NASDAQ:IRBT) opened at 96.70 on Friday. The stock has a market cap of $2.68 billion, a P/E ratio of 47.43 and a beta of 1.19. The firm’s 50-day moving average price is $96.89 and its 200-day moving average price is $82.34. iRobot Corporation has a 52-week low of $38.19 and a 52-week high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.55. The business had revenue of $183.14 million for the quarter, compared to analysts’ expectations of $174.65 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 EPS. Equities analysts predict that iRobot Corporation will post $1.58 EPS for the current year.

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IRBT has been the topic of a number of recent analyst reports. BidaskClub downgraded iRobot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Canaccord Genuity downgraded iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. Finally, Piper Jaffray Companies increased their price objective on iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.63.

In other news, EVP Russell J. Campanello sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00. Following the sale, the executive vice president now directly owns 82,434 shares in the company, valued at approximately $7,006,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alison Dean sold 17,646 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,588,140.00. Following the sale, the chief financial officer now owns 82,080 shares in the company, valued at $7,387,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,259 shares of company stock worth $14,378,446. Corporate insiders own 4.49% of the company’s stock.

iRobot Corporation Company Profile

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Institutional Ownership by Quarter for iRobot Corporation (NASDAQ:IRBT)

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