Vident Investment Advisory LLC lifted its stake in shares of FLIR Systems (NASDAQ:FLIR) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,185 shares of the scientific and technical instruments company’s stock after acquiring an additional 64,375 shares during the period. FLIR Systems makes up about 0.9% of Vident Investment Advisory LLC’s investment portfolio, making the stock its 19th largest holding. Vident Investment Advisory LLC owned about 0.30% of FLIR Systems worth $19,496,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of FLIR. Exane Derivatives acquired a new stake in FLIR Systems in the fourth quarter valued at $100,000. Twin Tree Management LP lifted its stake in FLIR Systems by 110.0% in the fourth quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after acquiring an additional 1,259 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of FLIR Systems during the 4th quarter worth about $119,000. Advisory Services Network LLC lifted its stake in shares of 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 buying an additional 2,490 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in shares of FLIR Systems during the 4th quarter worth about $145,000. 92.94% of the stock is owned by institutional investors.
Several analysts have weighed in on the stock. BidaskClub upgraded 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 research note on Tuesday, January 9th. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, January 8th. Needham & Company LLC reissued a “buy” rating and issued a $58.00 target price (up from $56.00) on shares of FLIR Systems in a report on Monday, March 12th. Finally, ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. FLIR Systems currently has a consensus rating of “Buy” and an average target price of $51.86.
Shares of NASDAQ FLIR opened at $50.19 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.57 and a current ratio of 3.51. FLIR Systems has a 52-week low of $33.95 and a 52-week high of $52.88. The company has a market capitalization of $7,047.40, a PE ratio of 26.70 and a beta of 0.68.
FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 EPS 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 business had revenue of $494.80 million during the quarter, compared to analyst estimates of $501.44 million. During the same quarter in the previous year, the business posted $0.48 EPS. FLIR Systems’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts expect that FLIR Systems will post 2.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.64 annualized dividend and a yield of 1.28%. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio is presently 34.04%.
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FLIR Systems Profile
FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.
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