Rockefeller Capital Management L.P. Invests $442,000 in FLIR Systems (FLIR)

Rockefeller Capital Management L.P. acquired a new position in FLIR Systems (NASDAQ:FLIR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,846 shares of the scientific and technical instruments company’s stock, valued at approximately $442,000.

Several other large investors also recently bought and sold shares of the company. Pettee Investors Inc. increased its stake in shares of FLIR Systems by 5.8% in the 1st quarter. Pettee Investors Inc. now owns 19,749 shares of the scientific and technical instruments company’s stock worth $988,000 after purchasing an additional 1,083 shares in the last quarter. Arizona State Retirement System increased its stake in shares of FLIR Systems by 3.2% in the 4th quarter. Arizona State Retirement System now owns 35,111 shares of the scientific and technical instruments company’s stock worth $1,637,000 after purchasing an additional 1,089 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of FLIR Systems by 23.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,901 shares of the scientific and technical instruments company’s stock worth $275,000 after purchasing an additional 1,138 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of FLIR Systems by 10.4% in the 4th quarter. CIBC Asset Management Inc now owns 13,277 shares of the scientific and technical instruments company’s stock worth $619,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Twin Tree Management LP increased its stake in shares of FLIR Systems by 110.0% in 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 purchasing an additional 1,259 shares in the last quarter. Hedge funds and other institutional investors own 92.96% of the company’s stock.

In other FLIR Systems news, Director Angus L. Macdonald sold 12,532 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $54.11, for a total transaction of $678,106.52. Following the completion of the transaction, the director now owns 33,209 shares of the company’s stock, valued at approximately $1,796,938.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey Frank sold 3,526 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $54.16, for a total transaction of $190,968.16. The disclosure for this sale can be found here. Insiders have sold a total of 38,426 shares of company stock valued at $2,078,960 in the last three months. Insiders own 2.00% of the company’s stock.

Several research analysts recently weighed in on the stock. Drexel Hamilton downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, May 7th. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Needham & Company LLC upped their target price 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. Imperial Capital upped their target price on shares of FLIR Systems from $38.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, March 22nd. Finally, BidaskClub raised shares of FLIR Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 4th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $52.86.

Shares of FLIR Systems stock opened at $54.65 on Friday. The firm has a market capitalization of $7.43 billion, a P/E ratio of 29.07 and a beta of 0.69. The company has a quick ratio of 2.72, a current ratio of 3.91 and a debt-to-equity ratio of 0.24. FLIR Systems has a fifty-two week low of $33.95 and a fifty-two week high of $55.67.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, April 25th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. FLIR Systems had a net margin of 5.66% and a return on equity of 15.43%. The company had revenue of $439.60 million during the quarter, compared to the consensus estimate of $397.84 million. During the same quarter in the prior year, the firm posted $0.36 EPS. FLIR Systems’s quarterly revenue was up 8.1% compared to the same quarter last year. sell-side analysts forecast that FLIR Systems will post 2.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 25th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 24th. FLIR Systems’s dividend payout ratio (DPR) is presently 34.04%.

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

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