iRobot Co. (IRBT) Position Reduced by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of iRobot Co. (NASDAQ:IRBT) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,323 shares of the industrial products company’s stock after selling 4,239 shares during the period. Geode Capital Management LLC owned approximately 1.11% of iRobot worth $25,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IRBT. Russell Investments Group Ltd. lifted its position in shares of iRobot by 100.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 19,700 shares of the industrial products company’s stock worth $2,166,000 after purchasing an additional 9,848 shares during the period. Wells Fargo & Company MN lifted its stake in iRobot by 182.5% during the third quarter. Wells Fargo & Company MN now owns 76,502 shares of the industrial products company’s stock worth $8,409,000 after purchasing an additional 49,426 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in iRobot by 27.3% during the third quarter. Janney Montgomery Scott LLC now owns 3,395 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 728 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in iRobot by 11.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,543 shares of the industrial products company’s stock worth $719,000 after purchasing an additional 661 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in iRobot by 3.3% during the third quarter. Alliancebernstein L.P. now owns 43,209 shares of the industrial products company’s stock worth $4,750,000 after purchasing an additional 1,392 shares during the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Shares of IRBT stock opened at $127.53 on Tuesday. iRobot Co. has a twelve month low of $56.61 and a twelve month high of $132.88. The company has a market capitalization of $3.59 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.01 and a beta of 1.73.

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

IRBT has been the topic of several research analyst reports. Dougherty & Co cut iRobot to a “hold” rating in a research note on Thursday, December 20th. Zacks Investment Research raised iRobot from a “hold” rating to a “strong-buy” rating and set a $87.00 price target for the company in a research note on Monday, December 31st. ValuEngine downgraded iRobot from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Piper Jaffray Companies raised their price target on iRobot from $82.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, February 7th. Finally, BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Eight equities research 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $105.70.

In other iRobot news, EVP Glen Daniel Weinstein sold 1,995 shares of iRobot stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $106.04, for a total value of $211,549.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Russell J. Campanello sold 7,993 shares of iRobot stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $101.00, for a total value of $807,293.00. Following the completion of the transaction, the executive vice president now directly owns 35,750 shares in the company, valued at $3,610,750. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,890 shares of company stock worth $12,127,939. Company insiders own 3.51% of the company’s stock.

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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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