Donald L. Hagan LLC bought a new stake in FLIR Systems, Inc. (NASDAQ:FLIR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,846 shares of the scientific and technical instruments company’s stock, valued at approximately $1,161,000. FLIR Systems makes up approximately 1.1% of Donald L. Hagan LLC’s holdings, making the stock its 28th largest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of FLIR Systems by 1,749.1% in the 1st quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock worth $318,878,000 after buying an additional 8,314,071 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its stake in FLIR Systems by 153.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock valued at $105,326,000 after purchasing an additional 1,841,965 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in FLIR Systems by 109.9% in the second quarter. Thrivent Financial For Lutherans now owns 1,277,188 shares of the scientific and technical instruments company’s stock valued at $44,267,000 after purchasing an additional 668,598 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in FLIR Systems by 253.7% in the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock valued at $27,692,000 after purchasing an additional 573,103 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in FLIR Systems by 117.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,040,675 shares of the scientific and technical instruments company’s stock valued at $36,070,000 after purchasing an additional 561,643 shares during the last quarter. 90.83% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total transaction of $764,400.00. Following the transaction, the director now owns 509,379 shares in the company, valued at approximately $19,468,465.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction on Friday, September 1st. The stock was sold at an average price of $38.25, for a total transaction of $9,995,490.00. The disclosure for this sale can be found here. Insiders sold 303,356 shares of company stock worth $11,799,206 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on FLIR shares. BidaskClub upgraded FLIR Systems from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, July 27th. Needham & Company LLC boosted their target price on shares of FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. Robert W. Baird reissued a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a report on Tuesday, October 24th. Finally, Raymond James Financial, Inc. boosted their target price on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.33.
Shares of FLIR Systems, Inc. (FLIR) traded up $0.39 on Friday, reaching $46.73. 616,800 shares of the company’s stock traded hands, compared to its average volume of 955,775. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a twelve month low of $33.69 and a twelve month high of $48.06. The stock has a market capitalization of $6,421.53, a price-to-earnings ratio of 25.46 and a beta of 0.63.
FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. analysts anticipate that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is currently 37.74%.
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FLIR Systems Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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