New York State Common Retirement Fund raised its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 888,462 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,100 shares during the quarter. New York State Common Retirement Fund owned 0.64% of FLIR Systems worth $34,570,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia lifted its position in shares of FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of FLIR Systems during the second quarter worth $116,000. Sei Investments Co. lifted its position in shares of FLIR Systems by 76.3% during the third quarter. Sei Investments Co. now owns 4,507 shares of the scientific and technical instruments company’s stock worth $175,000 after purchasing an additional 1,951 shares during the last quarter. ETF Managers Group LLC bought a new stake in shares of FLIR Systems during the second quarter worth $171,000. Finally, TrimTabs Asset Management LLC lifted its position in shares of FLIR Systems by 104.9% during the second quarter. TrimTabs Asset Management LLC now owns 6,340 shares of the scientific and technical instruments company’s stock worth $220,000 after purchasing an additional 3,246 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.
In other FLIR Systems news, SVP Todd M. Duchene sold 9,000 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.00, for a total value of $423,000.00. Following the transaction, the senior vice president now owns 29,767 shares in the company, valued at $1,399,049. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The disclosure for this sale can be found here. Insiders sold 22,036 shares of company stock worth $1,039,316 in the last quarter. 3.00% of the stock is owned by insiders.
Shares of FLIR Systems, Inc. (FLIR) opened at $46.39 on Friday. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6,400.00, a PE ratio of 25.36 and a beta of 0.62. FLIR Systems, Inc. has a fifty-two week low of $33.75 and a fifty-two week high of $48.06.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. research analysts anticipate that FLIR Systems, Inc. will post 1.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. FLIR Systems’s payout ratio is currently 37.97%.
FLIR has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks lifted their price objective on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Raymond James Financial lifted their price objective on FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.33.
COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/09/flir-systems-inc-flir-shares-bought-by-new-york-state-common-retirement-fund.html.
FLIR Systems Company 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.
Want to see what other hedge funds are holding FLIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLIR Systems, Inc. (NASDAQ:FLIR).
Receive News & Ratings for FLIR Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.