FLIR Systems, Inc. (FLIR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,800 shares of the scientific and technical instruments company’s stock after selling 13,599 shares during the quarter. Alliancebernstein L.P.’s holdings in FLIR Systems were worth $13,388,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in shares of FLIR Systems by 13.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,528 shares of the scientific and technical instruments company’s stock worth $189,975,000 after purchasing an additional 368,581 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of FLIR Systems by 23.1% in the second quarter. Artisan Partners Limited Partnership now owns 2,101,834 shares of the scientific and technical instruments company’s stock worth $109,232,000 after purchasing an additional 394,412 shares in the last quarter. SPF Beheer BV lifted its position in shares of FLIR Systems by 1.7% in the second quarter. SPF Beheer BV now owns 1,613,227 shares of the scientific and technical instruments company’s stock worth $83,839,000 after purchasing an additional 27,418 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of FLIR Systems by 19.9% in the third quarter. Eagle Asset Management Inc. now owns 1,477,724 shares of the scientific and technical instruments company’s stock worth $90,835,000 after purchasing an additional 245,549 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of FLIR Systems by 12.8% in the third quarter. Wells Fargo & Company MN now owns 1,241,548 shares of the scientific and technical instruments company’s stock worth $76,317,000 after purchasing an additional 140,863 shares in the last quarter. Institutional investors own 90.86% of the company’s stock.

A number of brokerages have recently commented on FLIR. Zacks Investment Research reissued a “sell” rating on shares of FLIR Systems in a research report on Tuesday, November 13th. Needham & Company LLC dropped their price target on shares of FLIR Systems from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Imperial Capital lowered shares of FLIR Systems from an “outperform” rating to an “in-line” rating in a research report on Friday, October 19th. Finally, BidaskClub lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $58.17.

In other FLIR Systems news, SVP Todd M. Duchene sold 1,000 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $55.63, for a total transaction of $55,630.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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 1 year low of $43.51 and a 1 year high of $63.88. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 23.67 and a beta of 1.09.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The firm had revenue of $434.89 million for the quarter, compared to analyst estimates of $445.46 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that FLIR Systems, Inc. will post 2.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, November 21st. FLIR Systems’s dividend payout ratio (DPR) is currently 34.04%.

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About FLIR Systems

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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