FLIR Systems, Inc. (NASDAQ:FLIR) Shares Sold by Camden National Bank

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Camden National Bank lessened its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 1.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 196,228 shares of the scientific and technical instruments company’s stock after selling 2,675 shares during the period. FLIR Systems comprises about 2.2% of Camden National Bank’s portfolio, making the stock its 14th largest holding. Camden National Bank’s holdings in FLIR Systems were worth $10,320,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in FLIR Systems during the 2nd quarter valued at $41,000. Point72 Asset Management L.P. acquired a new stake in FLIR Systems during the 2nd quarter valued at $87,000. Hilton Capital Management LLC acquired a new stake in FLIR Systems during the 1st quarter valued at $92,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in FLIR Systems during the 2nd quarter valued at $108,000. Finally, Bessemer Group Inc. raised its stake in FLIR Systems by 45.6% during the 2nd quarter. Bessemer Group Inc. now owns 2,117 shares of the scientific and technical instruments company’s stock valued at $115,000 after purchasing an additional 663 shares during the period. Institutional investors own 90.88% of the company’s stock.

Shares of NASDAQ FLIR traded up $0.89 during mid-day trading on Friday, reaching $52.99. The company had a trading volume of 24,516 shares, compared to its average volume of 775,422. FLIR Systems, Inc. has a twelve month low of $40.52 and a twelve month high of $57.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.61 and a current ratio of 2.47. The stock has a market capitalization of $6.98 billion, a PE ratio of 23.86 and a beta of 1.16. The stock’s 50 day moving average is $51.12 and its 200-day moving average is $50.77.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. FLIR Systems had a net margin of 15.44% and a return on equity of 16.56%. The business had revenue of $482.00 million for the quarter, compared to the consensus estimate of $478.42 million. During the same period in the prior year, the business posted $0.55 earnings per share. FLIR Systems’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that FLIR Systems, Inc. will post 2.34 EPS for the current year.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. BidaskClub downgraded shares of FLIR Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Berenberg Bank initiated coverage on shares of FLIR Systems in a research note on Friday, September 6th. They issued a “buy” rating and a $60.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. FLIR Systems has an average rating of “Buy” and a consensus target price of $60.40.

In other FLIR Systems news, VP Brian E. Harding sold 3,625 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $52.48, for a total transaction of $190,240.00. Following the transaction, the vice president now directly owns 8,876 shares of the company’s stock, valued at $465,812.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

About FLIR Systems

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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