FLIR Systems, Inc. (FLIR) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 192.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,536 shares of the scientific and technical instruments company’s stock after buying an additional 13,514 shares during the period. D.A. Davidson & CO.’s holdings in FLIR Systems were worth $957,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Findlay Park Partners LLP increased its holdings in shares of FLIR Systems by 38.3% during the third quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock worth $84,240,000 after buying an additional 600,000 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of FLIR Systems by 0.7% during the third quarter. Earnest Partners LLC now owns 2,143,629 shares of the scientific and technical instruments company’s stock worth $83,409,000 after buying an additional 14,956 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of FLIR Systems by 4.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,118,720 shares of the scientific and technical instruments company’s stock worth $82,451,000 after buying an additional 90,956 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of FLIR Systems during the third quarter worth $82,147,000. Finally, SPF Beheer BV increased its holdings in shares of FLIR Systems by 6.4% during the third quarter. SPF Beheer BV now owns 1,691,307 shares of the scientific and technical instruments company’s stock worth $65,809,000 after buying an additional 102,457 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.

Several brokerages have recently issued reports on FLIR. Stephens set a $59.00 price target on shares of FLIR Systems and gave the stock a “buy” rating in a report on Friday, February 16th. Needham & Company LLC upped their price target on shares of FLIR Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. BidaskClub downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, SunTrust Banks upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, January 8th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $49.43.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at $48.31 on Thursday. The firm has a market capitalization of $6,765.19, a price-to-earnings ratio of 25.97 and a beta of 0.66. FLIR Systems, Inc. has a 1-year low of $33.95 and a 1-year high of $52.88. The company has a quick ratio of 2.57, a current ratio of 3.51 and a debt-to-equity ratio of 0.23.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $494.80 million during the quarter, compared to the consensus estimate of $501.44 million. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. FLIR Systems’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. equities analysts anticipate that FLIR Systems, Inc. will post 2.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.32%. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 22nd. FLIR Systems’s dividend payout ratio is presently 76.92%.

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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.

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

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