FLIR Systems, Inc. (FLIR) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board grew its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 164.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 297,444 shares of the scientific and technical instruments company’s stock after acquiring an additional 184,784 shares during the period. State of Wisconsin Investment Board owned about 0.21% of FLIR Systems worth $13,867,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Cardinal Capital Management raised its stake in shares of FLIR Systems by 10.0% in the 3rd quarter. Cardinal Capital Management now owns 16,653 shares of the scientific and technical instruments company’s stock valued at $647,000 after acquiring an additional 1,510 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of FLIR Systems by 31.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 273,830 shares of the scientific and technical instruments company’s stock valued at $10,662,000 after acquiring an additional 65,957 shares during the period. Grandfield & Dodd LLC purchased a new stake in shares of FLIR Systems in the 3rd quarter valued at approximately $1,357,000. APG Asset Management N.V. raised its stake in shares of FLIR Systems by 58.5% in the 3rd quarter. APG Asset Management N.V. now owns 169,868 shares of the scientific and technical instruments company’s stock valued at $6,610,000 after acquiring an additional 62,700 shares during the period. Finally, State of Tennessee Treasury Department raised its stake in shares of FLIR Systems by 65.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 61,891 shares of the scientific and technical instruments company’s stock valued at $2,408,000 after acquiring an additional 24,569 shares during the period. 90.32% of the stock is currently owned by institutional investors and hedge funds.

FLIR Systems, Inc. (FLIR) opened at $48.49 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. The firm has a market cap of $6,632.16, a P/E ratio of 25.46 and a beta of 0.66. FLIR Systems, Inc. has a twelve month low of $33.95 and a twelve month high of $52.88.

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

The firm 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. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s payout ratio is 82.05%.

FLIR has been the topic of a number of research analyst reports. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, January 9th. SunTrust Banks upgraded shares of 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. Stephens set a $59.00 price objective on shares of FLIR Systems and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Needham & Company LLC lifted their price objective on shares of FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $51.33.

COPYRIGHT VIOLATION NOTICE: “FLIR Systems, Inc. (FLIR) Shares Bought by State of Wisconsin Investment Board” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/24/flir-systems-inc-flir-shares-bought-by-state-of-wisconsin-investment-board.html.

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.

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply