Brown Advisory Inc. boosted its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 26.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,905 shares of the scientific and technical instruments company’s stock after buying an additional 11,136 shares during the period. Brown Advisory Inc.’s holdings in FLIR Systems were worth $3,314,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Vident Investment Advisory LLC raised its holdings in FLIR Systems by 51.6% during the 2nd quarter. Vident Investment Advisory LLC now owns 725,192 shares of the scientific and technical instruments company’s stock worth $37,689,000 after buying an additional 246,978 shares during the period. Schroder Investment Management Group raised its holdings in FLIR Systems by 175.6% during the 2nd quarter. Schroder Investment Management Group now owns 118,026 shares of the scientific and technical instruments company’s stock worth $6,132,000 after buying an additional 75,200 shares during the period. Aureus Asset Management LLC raised its holdings in FLIR Systems by 42.4% during the 2nd quarter. Aureus Asset Management LLC now owns 5,694 shares of the scientific and technical instruments company’s stock worth $296,000 after buying an additional 1,694 shares during the period. ARP Americas LP acquired a new stake in FLIR Systems during the 3rd quarter worth approximately $738,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in FLIR Systems by 53.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,474 shares of the scientific and technical instruments company’s stock worth $4,858,000 after buying an additional 32,689 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.
In related news, SVP Todd M. Duchene sold 1,000 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $62.95, for a total value of $62,950.00. Following the completion of the transaction, the senior vice president now directly owns 38,453 shares of the company’s stock, valued at $2,420,616.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by company insiders.
NASDAQ FLIR opened at $44.74 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.04 and a current ratio of 4.21. FLIR Systems, Inc. has a 12-month low of $43.51 and a 12-month high of $63.88. The company has a market capitalization of $6.21 billion, a PE ratio of 23.80 and a beta of 1.09.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.57. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The company had revenue of $434.89 million for the quarter, compared to the consensus estimate of $445.46 million. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that FLIR Systems, Inc. will post 2.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 23rd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.43%. FLIR Systems’s dividend payout ratio is presently 34.04%.
FLIR has been the topic of a number of recent research reports. William Blair upgraded shares of FLIR Systems from a “market perform” rating to an “outperform” rating in a report on Monday, August 20th. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Imperial Capital downgraded shares of FLIR Systems from an “outperform” rating to an “in-line” rating in a report on Friday, October 19th. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, ValuEngine downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. FLIR Systems currently has a consensus rating of “Hold” and an average price target of $58.17.
ILLEGAL ACTIVITY WARNING: “FLIR Systems, Inc. (FLIR) Shares Bought by Brown Advisory Inc.” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/12/07/flir-systems-inc-flir-shares-bought-by-brown-advisory-inc.html.
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.
Featured Story: How do candlesticks reflect price movement?
Want to see what other hedge funds are holding FLIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLIR Systems, Inc. (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.