Eaton Vance Management Has $84.52 Million Stake in FLIR Systems, Inc. (FLIR)

Eaton Vance Management lifted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,812,964 shares of the scientific and technical instruments company’s stock after buying an additional 117,146 shares during the quarter. Eaton Vance Management owned about 1.31% of FLIR Systems worth $84,521,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Exane Derivatives bought a new position in FLIR Systems during the 4th quarter worth approximately $100,000. Twin Tree Management LP boosted its stake in FLIR Systems by 110.0% during the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after acquiring an additional 1,259 shares during the last quarter. Cerebellum GP LLC bought a new position in FLIR Systems during the 4th quarter worth approximately $119,000. Advisory Services Network LLC boosted its stake in FLIR Systems by 1,238.8% during the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after acquiring an additional 2,490 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new position in FLIR Systems during the 4th quarter worth approximately $145,000. Institutional investors own 90.32% of the company’s stock.

FLIR Systems, Inc. (FLIR) opened at $47.86 on Friday. 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, Inc. has a one year low of $33.95 and a one year high of $52.88. The firm has a market cap of $6,694.52, a P/E ratio of 25.70 and a beta of 0.66.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results 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. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The firm had revenue of $494.80 million for the quarter, compared to analyst estimates of $501.44 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. equities research analysts expect that FLIR Systems, Inc. will post 2.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s payout ratio is presently 76.92%.

Several research firms recently weighed in on FLIR. Stephens set a $59.00 price objective on shares of FLIR Systems and gave the stock a “buy” rating in a research note on Friday, February 16th. Needham & Company LLC lifted their price objective on shares of FLIR Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. BidaskClub lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $49.43.

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

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