Northern Trust Corp lowered its stake in iRobot Co. (NASDAQ:IRBT) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 363,078 shares of the industrial products company’s stock after selling 2,213 shares during the quarter. Northern Trust Corp’s holdings in iRobot were worth $30,404,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. North Star Investment Management Corp. purchased a new stake in iRobot in the 4th quarter valued at approximately $25,000. Capital Investment Advisory Services LLC purchased a new position in iRobot in the 4th quarter valued at about $39,000. Bruderman Asset Management LLC purchased a new position in iRobot in the 4th quarter valued at about $58,000. Optimum Investment Advisors boosted its position in iRobot by 225.0% in the 4th quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after buying an additional 1,800 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in iRobot by 25.2% in the 4th quarter. Bank of Montreal Can now owns 1,852 shares of the industrial products company’s stock valued at $155,000 after buying an additional 373 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

In other iRobot news, CFO Alison Dean sold 23,625 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 68,765 shares in the company, valued at $8,672,641.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Colin M. Angle sold 24,739 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $80.85, for a total transaction of $2,000,148.15. Following the completion of the sale, the chief executive officer now owns 439,756 shares in the company, valued at approximately $35,554,272.60. The disclosure for this sale can be found here. Insiders sold 128,959 shares of company stock worth $13,784,252 in the last 90 days. 3.51% of the stock is owned by company insiders.

IRBT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of iRobot from a “hold” rating to a “strong-buy” rating and set a $87.00 price objective for the company in a research report on Monday, December 31st. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Dougherty & Co cut shares of iRobot to a “hold” rating in a research report on Thursday, December 20th. BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 14th. Finally, Needham & Company LLC cut shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 price objective for the company. in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $101.65.

Shares of NASDAQ IRBT opened at $115.71 on Thursday. iRobot Co. has a 52-week low of $56.61 and a 52-week high of $132.88. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.75.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.51 by $0.33. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The company had revenue of $384.67 million for the quarter, compared to analyst estimates of $381.87 million. During the same quarter last year, the business earned $0.16 earnings per share. iRobot’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts expect that iRobot Co. will post 3.1 EPS for the current fiscal year.

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About iRobot

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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