Ibex Investors LLC purchased a new position in FLIR Systems, Inc. (NASDAQ:FLIR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,362 shares of the scientific and technical instruments company’s stock, valued at approximately $207,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in FLIR Systems by 1.0% in the first quarter. Principal Financial Group Inc. now owns 222,120 shares of the scientific and technical instruments company’s stock valued at $11,108,000 after acquiring an additional 2,199 shares during the period. Commonwealth Equity Services LLC acquired a new position in FLIR Systems in the second quarter valued at approximately $455,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in FLIR Systems by 22.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 449,127 shares of the scientific and technical instruments company’s stock valued at $23,341,000 after acquiring an additional 83,107 shares during the period. Wells Fargo & Company MN boosted its stake in FLIR Systems by 47.4% in the second quarter. Wells Fargo & Company MN now owns 1,100,685 shares of the scientific and technical instruments company’s stock valued at $57,202,000 after acquiring an additional 354,091 shares during the period. Finally, Bbva Compass Bancshares Inc. boosted its stake in FLIR Systems by 8.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 20,647 shares of the scientific and technical instruments company’s stock valued at $1,073,000 after acquiring an additional 1,602 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Todd M. Duchene sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $55.63, for a total transaction of $55,630.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.
Several equities analysts have recently issued reports on the company. Zacks Investment Research reiterated a “sell” rating on shares of FLIR Systems in a research report on Tuesday, November 13th. BidaskClub downgraded FLIR Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Needham & Company LLC reduced their price objective on FLIR Systems from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Imperial Capital reduced their price objective on FLIR Systems from $60.00 to $51.00 and set an “in-line” rating for the company in a research report on Thursday, November 1st. They noted that the move was a valuation call. Finally, ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Two equities 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. The stock has a consensus rating of “Hold” and a consensus target price of $58.17.
Shares of NASDAQ FLIR opened at $44.74 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.21 and a quick ratio of 3.04. The company has a market cap of $6.21 billion, a PE ratio of 20.58 and a beta of 1.09. FLIR Systems, Inc. has a 12-month low of $43.51 and a 12-month high of $63.88.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data 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. The business had revenue of $434.89 million during the quarter, compared to the consensus estimate of $445.46 million. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, analysts predict that FLIR Systems, Inc. will post 2.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a dividend of $0.16 per share. 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%.
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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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