Toronto Dominion Bank increased its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,610 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,599 shares during the period. Toronto Dominion Bank’s holdings in FLIR Systems were worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Exane Derivatives purchased a new position in shares of FLIR Systems during the fourth quarter worth $100,000. Cerebellum GP LLC acquired a new stake in FLIR Systems during the fourth quarter valued at $119,000. First Mercantile Trust Co. acquired a new stake in FLIR Systems during the fourth quarter valued at $145,000. Sei Investments Co. grew its position in 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 valued at $175,000 after buying an additional 1,951 shares during the period. Finally, Enterprise Financial Services Corp acquired a new stake in FLIR Systems during the fourth quarter valued at $184,000. 90.32% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on the stock. Needham & Company LLC raised their price target on shares of FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Stephens set a $59.00 price target on shares of FLIR Systems and gave the company a “buy” rating in a research report on Friday, February 16th. BidaskClub lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. SunTrust Banks raised their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $49.43.
Shares of FLIR Systems, Inc. (NASDAQ FLIR) opened at $47.86 on Friday. FLIR Systems, Inc. has a 52-week low of $33.95 and a 52-week high of $52.88. The company has a market cap of $6,694.52, a price-to-earnings ratio of 25.70 and a beta of 0.66. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23.
FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $494.80 million for the quarter, compared to analyst estimates of $501.44 million. During the same quarter last year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts expect that FLIR Systems, Inc. will post 2.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.16 dividend. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 22nd. This represents a $0.64 annualized dividend and a dividend yield of 1.34%. FLIR Systems’s dividend payout ratio (DPR) is 76.92%.
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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.
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