Stifel Financial Corp Invests $4.47 Million in iRobot Corporation (IRBT) Stock

Stifel Financial Corp bought a new position in iRobot Corporation (NASDAQ:IRBT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,122 shares of the industrial products company’s stock, valued at approximately $4,470,000. Stifel Financial Corp owned 0.19% of iRobot Corporation at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IRBT. Creative Planning lifted its position in iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 162 shares during the period. PNC Financial Services Group Inc. lifted its position in iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 277 shares during the period. Riverhead Capital Management LLC lifted its position in iRobot Corporation by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 665 shares during the period. FNY Partners Fund LP acquired a new stake in iRobot Corporation in the second quarter worth approximately $143,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in iRobot Corporation in the first quarter worth approximately $153,000. Hedge funds and other institutional investors own 82.72% of the company’s stock.

iRobot Corporation (NASDAQ IRBT) opened at 75.62 on Monday. The company has a market cap of $2.09 billion, a PE ratio of 37.09 and a beta of 1.19. The firm has a 50 day moving average price of $86.50 and a 200 day moving average price of $86.82. iRobot Corporation has a 12-month low of $42.06 and a 12-month high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.55. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The firm had revenue of $183.14 million for the quarter, compared to analysts’ expectations of $174.65 million. During the same period last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts anticipate that iRobot Corporation will post $1.58 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Stifel Financial Corp Invests $4.47 Million in iRobot Corporation (IRBT) Stock” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/stifel-financial-corp-invests-4-47-million-in-irobot-corporation-irbt-stock.html.

A number of equities research analysts have weighed in on IRBT shares. 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 Monday, July 31st. Canaccord Genuity upped their target price on iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies upped their target price 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. Finally, Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $73.63.

In other iRobot Corporation news, CFO Alison Dean sold 33,809 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $3,380,900.00. Following the transaction, the chief financial officer now directly owns 82,609 shares of the company’s stock, valued at $8,260,900. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Colin M. Angle sold 5,886 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total transaction of $625,093.20. Following the completion of the transaction, the chief executive officer now directly owns 489,463 shares in t

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IRBT. Creative Planning lifted its position in iRobot Corporation by 14.0% in the second quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 162 shares during the period. PNC Financial Services Group Inc. lifted its position in iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 277 shares during the period. Riverhead Capital Management LLC lifted its position in iRobot Corporation by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 1,665 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 665 shares during the period. FNY Partners Fund LP acquired a new stake in iRobot Corporation in the second quarter worth approximately $143,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in iRobot Corporation in the first quarter worth approximately $153,000. Hedge funds and other institutional investors own 82.72% of the company’s stock.

iRobot Corporation (NASDAQ IRBT) opened at 75.62 on Monday. The company has a market cap of $2.09 billion, a PE ratio of 37.09 and a beta of 1.19. The firm has a 50 day moving average price of $86.50 and a 200 day moving average price of $86.82. iRobot Corporation has a 12-month low of $42.06 and a 12-month high of $109.78.

iRobot Corporation (NASDAQ:IRBT) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.55. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The firm had revenue of $183.14 million for the quarter, compared to analysts’ expectations of $174.65 million. During the same period last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts anticipate that iRobot Corporation will post $1.58 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Stifel Financial Corp Invests $4.47 Million in iRobot Corporation (IRBT) Stock” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/stifel-financial-corp-invests-4-47-million-in-irobot-corporation-irbt-stock.html.

A number of equities research analysts have weighed in on IRBT shares. 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 Monday, July 31st. Canaccord Genuity upped their target price on iRobot Corporation from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, July 27th. Piper Jaffray Companies upped their target price 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. Finally, Dougherty & Co downgraded iRobot Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $73.63.

In other iRobot Corporation news, CFO Alison Dean sold 33,809 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $3,380,900.00. Following the transaction, the chief financial officer now directly owns 82,609 shares of the company’s stock, valued at $8,260,900. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Colin M. Angle sold 5,886 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $106.20, for a total transaction of $625,093.20. Following the completion of the transaction, the chief executive officer now directly owns 489,463 shares in the company, valued at $51,980,970.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,769 shares of company stock worth $9,728,529. Insiders own 4.49% of the company’s stock.

iRobot Corporation 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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