Tyers Asset Management LLC Buys 608 Shares of FLIR Systems, Inc. (NASDAQ:FLIR)

Tyers Asset Management LLC boosted its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 3.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,888 shares of the scientific and technical instruments company’s stock after buying an additional 608 shares during the quarter. Tyers Asset Management LLC’s holdings in FLIR Systems were worth $851,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC grew its position in shares of FLIR Systems by 27.7% during the 1st quarter. Lazard Asset Management LLC now owns 940,284 shares of the scientific and technical instruments company’s stock worth $44,738,000 after buying an additional 204,183 shares in the last quarter. Granite Investment Partners LLC grew its position in shares of FLIR Systems by 22.7% during the 1st quarter. Granite Investment Partners LLC now owns 22,771 shares of the scientific and technical instruments company’s stock worth $1,083,000 after buying an additional 4,206 shares in the last quarter. Simmons Bank grew its position in shares of FLIR Systems by 18.2% during the 1st quarter. Simmons Bank now owns 15,075 shares of the scientific and technical instruments company’s stock worth $718,000 after buying an additional 2,325 shares in the last quarter. WCM Investment Management LLC grew its position in shares of FLIR Systems by 76.1% during the 1st quarter. WCM Investment Management LLC now owns 112,522 shares of the scientific and technical instruments company’s stock worth $5,354,000 after buying an additional 48,616 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of FLIR Systems during the 1st quarter worth $1,992,000. Institutional investors and hedge funds own 90.47% of the company’s stock.

Shares of FLIR stock opened at $51.12 on Friday. FLIR Systems, Inc. has a 1-year low of $40.52 and a 1-year high of $63.88. The stock has a market cap of $7.03 billion, a P/E ratio of 23.03 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 2.45.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. FLIR Systems had a return on equity of 16.84% and a net margin of 17.13%. The company had revenue of $444.70 million for the quarter, compared to the consensus estimate of $440.98 million. During the same quarter last year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that FLIR Systems, Inc. will post 2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 23rd. FLIR Systems’s dividend payout ratio (DPR) is presently 30.63%.

In other FLIR Systems news, VP Jeffrey Frank sold 21,705 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $51.62, for a total value of $1,120,412.10. Following the completion of the sale, the vice president now directly owns 47,344 shares in the company, valued at $2,443,897.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven E. Wynne sold 10,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.53, for a total value of $525,300.00. Following the completion of the sale, the director now owns 484,031 shares of the company’s stock, valued at $25,426,148.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,121 shares of company stock valued at $3,358,586. 2.00% of the stock is currently owned by company insiders.

FLIR has been the topic of a number of recent research reports. BidaskClub downgraded FLIR Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Imperial Capital raised FLIR Systems from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $57.00 in a research report on Wednesday, May 22nd. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Raymond James downgraded FLIR Systems from a “strong-buy” rating to an “outperform” rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $62.43.

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FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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

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