FLIR Systems, Inc. (FLIR) Position Lessened by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX trimmed its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,034 shares of the scientific and technical instruments company’s stock after selling 3,020 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in FLIR Systems were worth $1,027,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FLIR. Principal Financial Group Inc. increased its position in shares of FLIR Systems by 3.4% during the 2nd quarter. Principal Financial Group Inc. now owns 217,884 shares of the scientific and technical instruments company’s stock worth $7,551,000 after purchasing an additional 7,193 shares during the last quarter. JPMorgan Chase & Co. grew its position in FLIR Systems by 66.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 633,869 shares of the scientific and technical instruments company’s stock valued at $21,969,000 after acquiring an additional 254,109 shares in the last quarter. AXA grew its position in FLIR Systems by 0.8% in the 2nd quarter. AXA now owns 24,102 shares of the scientific and technical instruments company’s stock valued at $835,000 after acquiring an additional 200 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in FLIR Systems by 7.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 598,374 shares of the scientific and technical instruments company’s stock valued at $20,740,000 after acquiring an additional 39,695 shares in the last quarter. Finally, Norinchukin Bank The grew its position in FLIR Systems by 6.9% in the 2nd quarter. Norinchukin Bank The now owns 9,468 shares of the scientific and technical instruments company’s stock valued at $328,000 after acquiring an additional 608 shares in the last quarter. 92.95% of the stock is owned by hedge funds and other institutional investors.

FLIR Systems, Inc. (NASDAQ:FLIR) opened at $51.35 on Friday. The firm has a market capitalization of $7,046.50, a PE ratio of 32.30 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36. FLIR Systems, Inc. has a 52-week low of $33.75 and a 52-week high of $51.39.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. equities research analysts anticipate that FLIR Systems, Inc. will post 1.86 earnings per share for the current year.

Several research firms have weighed in on FLIR. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, January 9th. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Raymond James Financial lifted their target price on FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 25th. Finally, ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.83.

In other news, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total value of $530,208.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $46.90, for a total value of $86,108.40. Following the completion of the transaction, the vice president now owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The disclosure for this sale can be found here. Insiders sold a total of 22,036 shares of company stock valued at $1,039,316 in the last quarter. Company insiders own 3.00% of the company’s stock.

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About FLIR Systems

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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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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